Group 1 Automotive: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Group 1 Automotive (NYSE:GPI) reported Q4 earnings with an EPS of $9.5, missing the estimate of $10.48 by 9.35%. Revenue increased by $411 million from the previous year. In the past, a beat on EPS resulted in a 4.03% share price increase the next day. The company's past earnings performance shows a history of beating EPS estimates.
January 31, 2024 | 11:05 am
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Group 1 Automotive reported lower-than-expected Q4 earnings with an EPS of $9.5, missing the estimate by 9.35%, but showed an increase in year-over-year revenue.
Missing the earnings estimate is likely to have a negative impact on the stock price in the short term, as seen historically with other companies. However, the increase in revenue may mitigate some of the negative sentiment. The past performance indicates that the company has a history of recovering from earnings misses, which could influence investor perception.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100