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Here's What Key Metrics Tell Us About Sonic Automotive (SAH) Q3 Earnings
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Sonic Automotive (SAH - Free Report) reported $3.49 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 4.2%. EPS of $1.26 for the same period compares to $2.02 a year ago.
The reported revenue represents a surprise of -1.48% over the Zacks Consensus Estimate of $3.54 billion. With the consensus EPS estimate being $1.42, the EPS surprise was -11.27%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Sonic Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Franchised Dealerships Segment- Same store- Unit Sales Volume- Used vehicles: 24,934 compared to the 26,449 average estimate based on two analysts.
Powersports- Same store- Retail new vehicles: 1,266 compared to the 1,274 average estimate based on two analysts.
EchoPark Segment- Same Market- Unit Sales Volume- Used vehicles: 17,757 versus the two-analyst average estimate of 17,653.
Franchised Dealerships Segment- Unit Sales Volume- Used vehicles: 24,940 versus the two-analyst average estimate of 26,573.
Revenues- New vehicles: $1.59 billion compared to the $1.56 billion average estimate based on three analysts.
Revenues- Finance, insurance and other, net: $175.60 million versus the three-analyst average estimate of $176.24 million.
Revenues- Parts, service and collision repair: $479 million compared to the $475.06 million average estimate based on three analysts.
Revenues- Wholesale vehicles: $67.20 million versus $75.59 million estimated by three analysts on average.
Revenues- Used vehicles: $1.18 billion versus $1.21 billion estimated by three analysts on average.
Revenues- Total vehicles: $2.84 billion versus $2.84 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6% change.
Revenues- New vehicles - Retail: $1.57 billion compared to the $1.49 billion average estimate based on two analysts. The reported number represents a change of -0.4% year over year.
Revenues- New vehicles - Fleet: $22.20 million compared to the $18.88 million average estimate based on two analysts. The reported number represents a change of -4.3% year over year.
Shares of Sonic Automotive have returned -2.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Sonic Automotive (SAH) Q3 Earnings
Sonic Automotive (SAH - Free Report) reported $3.49 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 4.2%. EPS of $1.26 for the same period compares to $2.02 a year ago.
The reported revenue represents a surprise of -1.48% over the Zacks Consensus Estimate of $3.54 billion. With the consensus EPS estimate being $1.42, the EPS surprise was -11.27%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Sonic Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Franchised Dealerships Segment- Same store- Unit Sales Volume- Used vehicles: 24,934 compared to the 26,449 average estimate based on two analysts.
- Powersports- Same store- Retail new vehicles: 1,266 compared to the 1,274 average estimate based on two analysts.
- EchoPark Segment- Same Market- Unit Sales Volume- Used vehicles: 17,757 versus the two-analyst average estimate of 17,653.
- Franchised Dealerships Segment- Unit Sales Volume- Used vehicles: 24,940 versus the two-analyst average estimate of 26,573.
- Revenues- New vehicles: $1.59 billion compared to the $1.56 billion average estimate based on three analysts.
- Revenues- Finance, insurance and other, net: $175.60 million versus the three-analyst average estimate of $176.24 million.
- Revenues- Parts, service and collision repair: $479 million compared to the $475.06 million average estimate based on three analysts.
- Revenues- Wholesale vehicles: $67.20 million versus $75.59 million estimated by three analysts on average.
- Revenues- Used vehicles: $1.18 billion versus $1.21 billion estimated by three analysts on average.
- Revenues- Total vehicles: $2.84 billion versus $2.84 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6% change.
- Revenues- New vehicles - Retail: $1.57 billion compared to the $1.49 billion average estimate based on two analysts. The reported number represents a change of -0.4% year over year.
- Revenues- New vehicles - Fleet: $22.20 million compared to the $18.88 million average estimate based on two analysts. The reported number represents a change of -4.3% year over year.
View all Key Company Metrics for Sonic Automotive here>>>Shares of Sonic Automotive have returned -2.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.