Sonic Automotive Inc reports results for the quarter ended December 31 - Earnings Summary

• Sonic Automotive Inc SAH.N reported quarterly adjusted earnings of $1.51​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.63. The mean expectation of nine analysts for the quarter was for earnings of $1.46 per share. Wall Street expected results to range from $1.40 to $1.55 per share.

• Revenue rose 8.7% to $3.90 billion from a year ago; analysts expected $3.61 billion.

• Sonic Automotive Inc's reported EPS for the quarter was $1.67​.

• The company reported quarterly net income of $58.6 million.

• Sonic Automotive Inc shares had risen by 18.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the auto vehicles, parts & service retailers peer group is also "buy"

Wall Street's median 12-month price target for Sonic Automotive Inc is $65.00

This summary was machine generated from LSEG data February 12 at 01:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)