Sonic Automotive's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Sonic Automotive (NYSE:SAH) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $1.65. The company's previous quarter saw an EPS miss of $0.53, resulting in a 3.36% share price drop. Sonic Automotive's shares were trading at $49.15 as of July 25, with a 23.02% increase over the last 52-week period.
July 26, 2023 | 6:02 pm
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Sonic Automotive is expected to report an EPS of $1.65 for the upcoming quarter. The company's stock price may be affected by the earnings report, as seen in the previous quarter when an EPS miss led to a 3.36% share price drop.
The upcoming earnings report is highly relevant to Sonic Automotive's stock price. In the previous quarter, the company's EPS miss resulted in a 3.36% drop in share price. If the company meets or exceeds the estimated EPS, the stock price may increase. However, if the company misses the estimate, the stock price may decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100