Sonic Automotive (NYSE: SAH) is scheduled to reveal its financial results for the third quarter on Thursday 24th October 2024. This disclosure will take place before market open, providing investors with significant information regarding the company's performance in the last three months period.
Wall Street financial analysts are foreseeing that the establishment is likely to announce an estimated per share $1.46 profit for the quarter. Furthermore, it is anticipated that the company will disclose a total revenue of $3.56 billion during the quarter.
In the preceding quarter of the previous year, the company shared its financial results, revealing that it had income of $2.02 per share.
Projections for the company's annual performance have been shared by Wall Street analysts, with an estimated total revenue of $14.01 billion. Furthermore, they are predicting profit of $5.78 per share for the full year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.47 | -19.7% | 3.45 B | -5.5% |
| Q1 2024 | $1.36 | +2.3% | 3.38 B | -3.1% |
| Q4 2023 | $1.63 | -37.5% | 3.59 B | -0.2% |
| Q3 2023 | $2.02 | -9.4% | 3.64 B | +5.7% |
| Q2 2023 | $1.83 | -25.3% | 3.65 B | 0% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 24th October 2024 at 11:00 AM eastern time to review the Q3 2024 financial results.
The previous trading day saw Sonic Automotive (SAH) shares trading between $54.06 and $54.90, besides a volume of 113.40 thousand shares. The stock closed Tuesday's regular trading session at $54.27, reflecting 1.06 percent decrease.
