Asbury Automotive Gr Q3 Adj. EPS $8.12 Misses $8.44 Estimate, Sales $3.67B Miss $3.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Asbury Automotive Gr (NYSE:ABG) reported Q3 adjusted earnings of $8.12 per share, missing the analyst consensus estimate of $8.44 by 3.79%. This is a 12.03% decrease from the same period last year. The company also reported quarterly sales of $3.67 billion, missing the analyst consensus estimate of $3.77 billion by 2.73%, a 5.17% decrease from the same period last year.
October 24, 2023 | 11:04 am
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Asbury Automotive's Q3 earnings and sales missed estimates, with a YoY decrease in both earnings per share and sales. This could potentially impact the company's stock negatively in the short term.
Asbury Automotive's Q3 earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This, combined with the YoY decrease in both earnings per share and sales, could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
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IMPORTANCE 80
RELEVANCE 100