Asbury Automotive Group Inc (NYSE:ABG) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ABG to report 3Q20 income of $ 3.38 per share.
For the full year, analysts anticipate top line of $ 6975.62 million, while looking forward to income of $ 10.82 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 4.00 ~ $ 4.08 per share
Click Here For More Historical Outlooks Of Asbury Automotive Group Inc
Previous Quarter Performance
Asbury Automotive Group Inc reported income for the second quarter of $ 2.52 per share, from the revenue of $ 1,445.00 million. The quarterly earnings raised 5.88 percent while revenues decreased 19.88 percent compared with the same quarter last year.
Wall street analysts are predicting, ABG to report 2Q20 income of $ 2.49 per share from revenue of $ 1426.73 million. The bottom line results beat street analysts by $ 0.03 or 1.20 percent, at the same time, top line results outshined analysts by $ 18.27 million or 1.28 percent.
Stock Performance
Shares of Asbury Automotive Group Inc traded low $ -1.01 or -0.84 percent on Friday, reaching $ 118.94 with volume of 73.10 thousand shares. Asbury Automotive Group Inc has traded high as $ 120.51 and has cracked $ 117.10 on the downward trend
According to the previous trading day, closing price of $ 118.94, representing a 204.75 % increase from the 52 week low of $ 39.36 and a 4.04 % decrease over the 52 week high of $ 125.00.
The company has a market capital of $ 2.29 billion and is part of the Consumer Cyclical sector and Auto & Truck Dealerships industry.
Recent Analyst recommendations
- On 19th October 2020, initiated by Seaport Global Securities at Buy rating, with $ 133.00 target price.
- On 15th October 2020, maintained by Bank of America at Buy rating, with $ 170.00 target price.
Conference Call
Asbury Automotive Group Inc will be hosting a conference call at 10:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.asburyauto.com
Asbury Automotive Group, Inc., together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.
