Asbury Automotive Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Asbury Automotive Group Inc ABG.N reported quarterly adjusted earnings of $7.43​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $6.40. The mean expectation of nine analysts for the quarter was for earnings of $6.86 per share. Wall Street expected results to range from $6.61 to $7.09 per share.

• Revenue rose 3% to $4.37 billion from a year ago; analysts expected $4.45 billion.

• Asbury Automotive Group Inc's reported EPS for the quarter was $7.76​.

• The company reported quarterly net income of $152.8 million.

• Asbury Automotive Group Inc shares had fallen by 3.9% this quarter and lost 5.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."

• Wall Street's median 12-month price target for Asbury Automotive Group Inc is $240.50, about 4.7% above its last closing price of $229.20

This summary was machine generated from LSEG data July 29 at 02:27 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)