Sonic Automotive Q3 2024 Adj. EPS $1.26 Misses $1.43 Estimate, Sales $3.492B Miss $3.550B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonic Automotive reported Q3 2024 earnings per share of $1.26, missing the analyst estimate of $1.43, and sales of $3.492 billion, below the expected $3.550 billion. Both figures represent declines from the previous year.
October 24, 2024 | 11:02 am
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Sonic Automotive's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $1.26 vs. $1.43 expected and sales at $3.492B vs. $3.550B expected. This represents a significant decline from the previous year.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. The significant year-over-year decline in both metrics further exacerbates the negative sentiment, likely leading to a short-term decrease in stock price.
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