Sonic AutomotiveNYSE: SAH

Sonic not only misses third-quarter 2024 sales and EPS expectations but also sees a year-over-year decline in both metrics.

Sonic Automotive (SAH) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $2.02 per share a year ago.

The headline numbers for Sonic Automotive (SAH) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

CHARLOTTE, N.C.--(BUSINESS WIRE)--$2 MILLION HURRICANE RELIEF DONATION MADE BY FOUR LEADING NORTH CAROLINA COMPANIES.

Sonic Automotive (SAH) reported earnings 30 days ago. What's next for the stock?

Sonic (SAH) announces a combination of positive and negative results in the first quarter. Earnings surpass estimates and increase compared to the previous year, but revenues fall short of expectations and decrease year over year.

The strong operating profitability of Sonic Automotive's pre-owned vehicle business, EchoPark, exceeded expectations and was the primary reason for the company's 4.8% earnings beat in Q1. Over the past four years, SAH has reduced its total shares outstanding by 20% through active share buybacks. Given the growth potential of EchoPark and the possibility of increased shareholder capital return, Sonic Automotive has received a Buy rating.

The key figures for Sonic Automotive (SAH) offer a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to analyze certain metrics against Wall Street forecasts and the previous year's results.

Sonic Automotive (SAH) reported earnings of $1.36 per share for the quarter, surpassing the Zacks Consensus Estimate of $1.23 per share and an improvement from earnings of $1.33 per share in the previous year.