Group 1 Automotive Q4 Adj. EPS $9.50 Misses $10.44 Estimate, Sales $4.48B Beat $4.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Group 1 Automotive (NYSE:GPI) reported Q4 adjusted EPS of $9.50, missing the $10.44 estimate, and sales of $4.48B, beating the $4.41B estimate. This reflects a 12.52% decrease in EPS from last year and a 10.10% increase in sales.
January 31, 2024 | 11:06 am
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Group 1 Automotive's Q4 adjusted EPS fell short of estimates, while sales exceeded expectations compared to last year's figures.
Missing the EPS estimate by 9.35% is likely to negatively impact investor sentiment in the short term, despite the increase in sales. Earnings per share is a critical metric for investors, and underperformance in this area can lead to a decrease in stock price.
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