Asbury Automotive Q1 2024 GAAP EPS $7.21 Misses $7.63 Estimate
Portfolio Pulse from Benzinga Newsdesk
Asbury Automotive (NYSE:ABG) reported Q1 2024 GAAP earnings per share of $7.21, missing the consensus estimate of $7.63 by 5.5%.

April 25, 2024 | 11:01 am
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NEGATIVE IMPACT
Asbury Automotive's Q1 2024 earnings per share of $7.21 missed the analyst consensus estimate of $7.63 by 5.5%.
Missing earnings estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. As the miss is relatively small (5.5%), the impact might be moderate but still negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100