Asbury Automotive Gr Q4 2023 Adj EPS $7.12 Misses $7.67 Estimate, Sales $3.81B Beat $3.67B Estimate
Portfolio Pulse from Benzinga Newsdesk
Asbury Automotive Gr (ABG) reported Q4 2023 earnings of $7.12 per share, missing the $7.67 estimate. However, their sales of $3.81B exceeded the $3.67B estimate, marking a 2.86% increase from the previous year.
February 08, 2024 | 12:15 pm
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Asbury Automotive Gr reported Q4 2023 earnings below estimates but surpassed revenue expectations, showing a year-over-year sales increase.
While ABG missed the earnings per share estimate, the beat on revenue and the year-over-year sales growth could offset negative investor sentiment. The mixed results present a neutral outlook, as the revenue beat indicates strong sales performance despite the earnings miss.
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RELEVANCE 100