Asbury Automotive Gr Q1 2024 GAAP EPS $7.21 Misses $7.63 Estimate, Sales $4.201B Miss $4.264B Estimate
Portfolio Pulse from Benzinga Newsdesk
Asbury Automotive Group (ABG) reported Q1 2024 earnings of $7.21 per share, missing the consensus estimate of $7.63, and sales of $4.201B, missing the estimate of $4.264B. This represents a decrease in earnings and an increase in sales compared to the same period last year.
April 25, 2024 | 11:55 am
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Asbury Automotive Group's Q1 2024 earnings and sales missed analyst estimates, indicating potential short-term pressure on the stock.
Missing both earnings and sales estimates can lead to negative investor sentiment and potential short-term decline in stock price. The miss in earnings per share and sales, compared to analyst expectations and last year's performance, suggests that investors may react negatively in the short term.
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