Sonic Automotive Q4 Adj. EPS $1.63 Misses $1.87 Estimate, Sales $3.58B Miss $3.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonic Automotive (NYSE:SAH) reported Q4 adjusted EPS of $1.63, missing the $1.87 estimate, and sales of $3.58B, below the $3.62B estimate. This represents a 37.55% decrease in EPS and a 0.17% decrease in sales from the same period last year.
February 14, 2024 | 11:47 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Sonic Automotive reported a significant miss in both EPS and sales for Q4, with EPS down 37.55% and sales slightly down 0.17% from the same period last year.
The miss in both EPS and sales estimates, especially the significant decrease in EPS year-over-year, is likely to negatively impact investor sentiment and could lead to a short-term decrease in SAH's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100