Sonic Automotive Q2 2024 Adj. EPS $1.47 Beats $1.38 Estimate, Sales $3.453B Miss $3.583B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonic Automotive (NYSE:SAH) reported Q2 2024 adjusted EPS of $1.47, beating the estimate of $1.38, but sales of $3.453 billion missed the $3.583 billion estimate. EPS decreased by 19.67% year-over-year, and sales decreased by 5.47% year-over-year.
August 05, 2024 | 10:50 am
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Sonic Automotive (NYSE:SAH) reported Q2 2024 adjusted EPS of $1.47, beating the estimate of $1.38, but sales of $3.453 billion missed the $3.583 billion estimate. EPS decreased by 19.67% year-over-year, and sales decreased by 5.47% year-over-year.
While Sonic Automotive's EPS beat estimates, the significant year-over-year decline in both EPS and sales, along with the sales miss, creates a mixed outlook. The positive EPS surprise may provide some short-term support, but the overall decline in financial performance could weigh on the stock.
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