Sonic Automotive, Inc. (NYSE:SAH) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.16 per share.
For the full year, analysts predict revenues of $ 9849.77 million, while looking forward to income of $ 3.40 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.08 ~ $ 1.15 per share
Click Here For More Historical Outlooks Of Sonic Automotive, Inc.
Previous Quarter Performance
Sonic Automotive, Inc. revealed income for the second quarter of $ 0.64 per share, from the revenue of $ 2,112.00 million. The quarterly earnings grew 3.23 percent while revenues dropped 19.21 percent compared with the same quarter last year.
According to street consensus, SAH was expected to report 2Q20 income of $ 0.31 per share from revenue of $ 2163.44 million. The bottom line results beat street analysts by $ 0.33 or 106.45 percent, at the same time, top line results fell short of analysts by $ 51.44 million or 2.38 percent.
Stock Performance
Shares of Sonic Automotive, Inc. traded up $ 0.94 or 2.60 percent on Wednesday, reaching $ 37.04 with volume of 745.60 thousand shares. Sonic Automotive, Inc. has traded high as $ 37.19 and has cracked $ 34.67 on the downward trend
According to the previous trading day, closing price of $ 37.04, representing a 301.11 % increase from the 52 week low of $ 9.00 and a 22.93 % decrease over the 52 week high of $ 46.84.
The company has a market capital of $ 1.58 billion and is part of the Consumer Cyclical sector and Auto & Truck Dealerships industry.
Conference Call
Sonic Automotive, Inc. will be hosting a conference call at 11:00 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.sonicautomotive.com
Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark.
