Mark your calendars for Tuesday 29th October 2024, as Asbury Automotive Group (NYSE: ABG) will be revealing its third quarter financial results. This highly awaited announcement is scheduled to take place before market open, pave the way to review a period of expectation and anticipation.
According to the forecasts of financial experts on Wall Street, the company is poised to announce an anticipated per share $6.58 profit for the quarter. Furthermore, the firm is expected to disclose a total revenue of $4.3 billion for this specific period.
When looking back at the corresponding quarter from the previous year, the company's earnings report showcased a per-share income of $8.12. This was attributed to the company's total revenue, which amounted to an impressive $3.67 billion during that same period.
Analysts have provided their projections for the company's full-year performance, revealing that they expect the company to generate a total revenue of $17.11 billion. At the same time, the earnings per share for the company are also anticipated to reach profit of $26.82 during the fiscal year.
ABG will host a conference call with investment community on 29th October 2024 at 10:00 AM eastern time to discuss the financial results.
Throughout Friday's trading, Asbury Automotive Group (ABG) shares fluctuated between $222.20 and $228.28, with a trading volume of 193.10 thousand shares. The stock ended the regular trading session at $222.87, demonstrating fall of 1.01 percent.
