Penske Automotive Group Q3 2024 GAAP EPS $3.39 Misses $3.42 Estimate, Sales $7.59B Miss $7.67B Estimate
Portfolio Pulse from Benzinga Newsdesk
Penske Automotive Group reported Q3 2024 earnings per share of $3.39, missing the analyst estimate of $3.42. Sales were $7.59 billion, also below the expected $7.67 billion. Despite missing estimates, sales increased by 1.92% compared to the same period last year.
October 29, 2024 | 11:00 am
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Penske Automotive Group's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $3.39 and sales at $7.59 billion. However, sales increased by 1.92% year-over-year.
Penske Automotive Group's earnings and sales both missed analyst expectations, which is typically viewed negatively by investors and could lead to a short-term decline in stock price. However, the year-over-year sales increase may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100