Group 1 Automotive, Inc. (NYSE:GPI) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GPI to report 3Q20 income of $ 6.07 per share.
For the full year, analysts anticipate top line of $ 10921.90 million, while looking forward to income of $ 16.25 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 6.40 ~ $ 6.80 per share
Click Here For More Historical Outlooks Of Group 1 Automotive, Inc.
Previous Quarter Performance
Group 1 Automotive, Inc. came out with income for the second quarter of $ 3.77 per share, from the revenue of $ 2,131.20 million. The quarterly earnings 33.22 percent while revenues reduced 29.09 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.68 per share from $ 2153.03 million in revenue. The bottom line results beat street analysts by $ 3.09 or 454.41 percent, at the same time, top line results fell short of analysts by $ 21.83 million or 1.01 percent.
Stock Performance
Shares of Group 1 Automotive, Inc. traded low $ -2.34 or -2.10 percent on Wednesday, reaching $ 108.99 with volume of 262.40 thousand shares. Group 1 Automotive, Inc. has traded high as $ 110.59 and has cracked $ 106.75 on the downward trend
According to the previous trading day, closing price of $ 108.99, representing a 323.95 % increase from the 52 week low of $ 26.26 and a 18.35 % decrease over the 52 week high of $ 136.35.
The company has a market capital of $ 1.99 billion and is part of the Consumer Cyclical sector and Auto & Truck Dealerships industry.
Conference Call
Group 1 Automotive, Inc. will be hosting a conference call at 10:00 AM eastern time on 29th 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.group1auto.com
Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.
