Lithia Motors's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Lithia Motors (NYSE:LAD) is set to release its latest quarterly earnings report on Wednesday, 2023-07-26. Analysts estimate an earnings per share (EPS) of $9.26. Last quarter, the company missed EPS by $0.41, resulting in a 0.08% drop in the share price the next day. Shares of Lithia Motors were trading at $295.21 as of July 24, with a 14.39% increase over the last 52-week period.
July 25, 2023 | 7:01 pm
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NEUTRAL IMPACT
Lithia Motors is expected to report an EPS of $9.26 in its upcoming earnings report. The company's stock price may be affected by the earnings announcement, as seen in the past where a missed EPS estimate led to a slight drop in share price.
The upcoming earnings report is a significant event for Lithia Motors. Given the past trend where a missed EPS estimate led to a drop in share price, it's likely that the stock price will again be influenced by the earnings announcement. However, the direction of the impact will depend on whether the company meets, exceeds, or falls short of the EPS estimate.
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IMPORTANCE 80
RELEVANCE 100