Penske Automotive Group Q4 Adj. EPS $3.45 Misses $3.69 Estimate, Sales $7.27B Beat $7.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
Penske Automotive Group (NYSE:PAG) reported Q4 adjusted EPS of $3.45, missing the $3.69 estimate, and sales of $7.27B, beating the $7.21B estimate. This represents an 18.05% decrease in EPS and a 3.71% increase in sales from the same period last year.
February 07, 2024 | 12:02 pm
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Penske Automotive Group reported a Q4 adjusted EPS of $3.45, missing estimates, but sales of $7.27B exceeded expectations. EPS decreased by 18.05% YOY, while sales increased by 3.71%.
The miss in EPS is likely to negatively impact investor sentiment in the short term, despite the sales beat. The significant year-over-year decrease in EPS further contributes to potential negative sentiment.
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