Penske Automotive Group Q3 EPS $3.92 Misses $4.04 Estimate, Sales $7.45B Beat $7.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Penske Automotive Group (NYSE:PAG) reported Q3 earnings of $3.92 per share, missing the analyst consensus estimate of $4.04 by 2.97%. This is a 14.97% decrease from the same period last year. However, the company's quarterly sales of $7.45 billion beat the analyst consensus estimate of $7.26 billion by 2.59%, marking a 7.62% increase from the same period last year.
October 25, 2023 | 11:09 am
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NEUTRAL IMPACT
Penske Automotive Group's Q3 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Penske's earnings miss could negatively impact the stock price, but the sales beat could offset this. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100