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Why Group 1 Automotive (GPI) Might Surprise This Earnings Season

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Investors are always looking for stocks that are poised to beat at earnings season and Group 1 Automotive, Inc. (GPI - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because Group 1 Automotive is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for GPI in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at $2.82 per share for GPI, compared to the broader Zacks Consensus Estimate of $2.76 per share. This suggests that analysts have very recently bumped up their estimates for GPI, giving the stock a Zacks Earnings ESP of +2.17% heading into earnings season.

Group 1 Automotive, Inc. Price and EPS Surprise

Why is this Important?

A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more GPI - Free Report) %20may%20be%20one%20such%20company.%20The%20firm%20has%20earnings%20coming%20up%20pretty%20soon,%20and%20events%20are%20shaping%20up%20quite%20nicely%20for%20their%20report.%20%20That%20is%20because%20Group%201%20Automotive%20is%20seeing%20favorable%20earnings%20estimate%20revision%20activity%20as%20of%20late,%20which%20is%20generally%20a%20precursor%20to%20earnings%20beat.%20After%20all,%20analysts%20raising%20estimates%20right%20before%20earnings%20???%20with%20the%20most%20up-to-date%20information%20possible%20???%20is%20a%20pretty%20good%20indicator%20of%20some%20favorable%20trends%20underneath%20the%20surface%20for%20GPI%20in%20this%20report.%20%20%20In%20fact,%20the%20Most%20Accurate%20Estimate%20for%20the%20current%20quarter%20is%20currently%20at%20%242.82%20per%20share%20for%20GPI,%20compared%20to%20the%20broader%20Zacks%20Consensus%20Estimate%20of%20%242.76%20per%20share.%20This%20suggests%20that%20analysts%20have%20very%20recently%20bumped%20up%20their%20estimates%20for%20GPI,%20giving%20the%20stock%20a%20Zacks%20Earnings%20ESP%20of%20+2.17%%20heading%20into%20earnings%20season.%20%20Why%20is%20this%20Important?%20%20A%20positive%20reading%20for%20the%20Zacks%20Earnings%20ESP%20has%20proven%20to%20be%20very%20powerful%20in%20producing%20both%20positive%20surprises,%20and%20outperforming%20the%20market.%20Our%20recent%2010-year%20backtest%20shows%20that%20stocks%20that%20have%20a%20positive%20Earnings%20ESP%20and%20a%20Zacks%20Rank%20#3%20(Hold)%20or%20better%20show%20a%20positive%20surprise%20nearly%2070%%20of%20the%20time,%20and%20have%20returned%20over%2028%%20on%20average%20in%20annual%20returns%20(see%20more%20Top%20Earnings%20ESP%20stocks%20here).%20%20Given%20that%20GPI%20has%20a%20Zacks%20Rank%20#2%20(Buy)%20and%20an%20ESP%20in%20positive%20territory,%20investors%20might%20want%20to%20consider%20this%20stock%20ahead%20of%20earnings.%20You%20can%20see%20the%20complete%20list%20of%20today???s%20Zacks%20#1%20Rank%20(Strong%20Buy)%20stocks%20here.%20%20Clearly,%20recent%20earnings%20estimate%20revisions%20suggest%20that%20good%20things%20are%20ahead%20for%20Group%201%20Automotive,%20and%20that%20a%20beat%20might%20be%20in%20the%20cards%20for%20the%20upcoming%20report.%20%207%20Best%20Stocks%20for%20the%20Next%2030%20Days%20%20Just%20released:%20Experts%20distill%207%20elite%20stocks%20from%20the%20current%20list%20of%20220%20Zacks%20Rank%20#1%20Strong%20Buys.%20They%20deem%20these%20tickers%20???Most%20Likely%20for%20Early%20Price%20Pops.???%20%20Since%201988,%20the%20full%20list%20has%20beaten%20the%20market%20more%20than%202X%20over%20with%20an%20average%20gain%20of%20+24.7%%20per%20year.%20So%20be%20sure%20to%20give%20these%20hand-picked%207%20your%20immediate%20attention.%20%20See%207%20handpicked%20stocks%20now%20>>">Top Earnings ESP stocks here).

Given that GPI has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see GPI - Free Report) %20may%20be%20one%20such%20company.%20The%20firm%20has%20earnings%20coming%20up%20pretty%20soon,%20and%20events%20are%20shaping%20up%20quite%20nicely%20for%20their%20report.%20%20That%20is%20because%20Group%201%20Automotive%20is%20seeing%20favorable%20earnings%20estimate%20revision%20activity%20as%20of%20late,%20which%20is%20generally%20a%20precursor%20to%20earnings%20beat.%20After%20all,%20analysts%20raising%20estimates%20right%20before%20earnings%20???%20with%20the%20most%20up-to-date%20information%20possible%20???%20is%20a%20pretty%20good%20indicator%20of%20some%20favorable%20trends%20underneath%20the%20surface%20for%20GPI%20in%20this%20report.%20%20%20In%20fact,%20the%20Most%20Accurate%20Estimate%20for%20the%20current%20quarter%20is%20currently%20at%20%242.82%20per%20share%20for%20GPI,%20compared%20to%20the%20broader%20Zacks%20Consensus%20Estimate%20of%20%242.76%20per%20share.%20This%20suggests%20that%20analysts%20have%20very%20recently%20bumped%20up%20their%20estimates%20for%20GPI,%20giving%20the%20stock%20a%20Zacks%20Earnings%20ESP%20of%20+2.17%%20heading%20into%20earnings%20season.%20%20Why%20is%20this%20Important?%20%20A%20positive%20reading%20for%20the%20Zacks%20Earnings%20ESP%20has%20proven%20to%20be%20very%20powerful%20in%20producing%20both%20positive%20surprises,%20and%20outperforming%20the%20market.%20Our%20recent%2010-year%20backtest%20shows%20that%20stocks%20that%20have%20a%20positive%20Earnings%20ESP%20and%20a%20Zacks%20Rank%20#3%20(Hold)%20or%20better%20show%20a%20positive%20surprise%20nearly%2070%%20of%20the%20time,%20and%20have%20returned%20over%2028%%20on%20average%20in%20annual%20returns%20(see%20more%20Top%20Earnings%20ESP%20stocks%20here).%20%20Given%20that%20GPI%20has%20a%20Zacks%20Rank%20#2%20(Buy)%20and%20an%20ESP%20in%20positive%20territory,%20investors%20might%20want%20to%20consider%20this%20stock%20ahead%20of%20earnings.%20You%20can%20see%20the%20complete%20list%20of%20today???s%20Zacks%20#1%20Rank%20(Strong%20Buy)%20stocks%20here.%20%20Clearly,%20recent%20earnings%20estimate%20revisions%20suggest%20that%20good%20things%20are%20ahead%20for%20Group%201%20Automotive,%20and%20that%20a%20beat%20might%20be%20in%20the%20cards%20for%20the%20upcoming%20report.%20%207%20Best%20Stocks%20for%20the%20Next%2030%20Days%20%20Just%20released:%20Experts%20distill%207%20elite%20stocks%20from%20the%20current%20list%20of%20220%20Zacks%20Rank%20#1%20Strong%20Buys.%20They%20deem%20these%20tickers%20???Most%20Likely%20for%20Early%20Price%20Pops.???%20%20Since%201988,%20the%20full%20list%20has%20beaten%20the%20market%20more%20than%202X%20over%20with%20an%20average%20gain%20of%20+24.7%%20per%20year.%20So%20be%20sure%20to%20give%20these%20hand-picked%207%20your%20immediate%20attention.%20%20See%207%20handpicked%20stocks%20now%20>>">the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearly, recent earnings estimate revisions suggest that good things are ahead for Group 1 Automotive, and that a beat might be in the cards for the upcoming report.

7 Best Stocks for the Next 30 Days

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Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.7% per year. So be sure to give these hand-picked 7 your immediate attention.

GPI - Free Report) %20may%20be%20one%20such%20company.%20The%20firm%20has%20earnings%20coming%20up%20pretty%20soon,%20and%20events%20are%20shaping%20up%20quite%20nicely%20for%20their%20report.%20%20That%20is%20because%20Group%201%20Automotive%20is%20seeing%20favorable%20earnings%20estimate%20revision%20activity%20as%20of%20late,%20which%20is%20generally%20a%20precursor%20to%20earnings%20beat.%20After%20all,%20analysts%20raising%20estimates%20right%20before%20earnings%20???%20with%20the%20most%20up-to-date%20information%20possible%20???%20is%20a%20pretty%20good%20indicator%20of%20some%20favorable%20trends%20underneath%20the%20surface%20for%20GPI%20in%20this%20report.%20%20%20In%20fact,%20the%20Most%20Accurate%20Estimate%20for%20the%20current%20quarter%20is%20currently%20at%20%242.82%20per%20share%20for%20GPI,%20compared%20to%20the%20broader%20Zacks%20Consensus%20Estimate%20of%20%242.76%20per%20share.%20This%20suggests%20that%20analysts%20have%20very%20recently%20bumped%20up%20their%20estimates%20for%20GPI,%20giving%20the%20stock%20a%20Zacks%20Earnings%20ESP%20of%20+2.17%%20heading%20into%20earnings%20season.%20%20Why%20is%20this%20Important?%20%20A%20positive%20reading%20for%20the%20Zacks%20Earnings%20ESP%20has%20proven%20to%20be%20very%20powerful%20in%20producing%20both%20positive%20surprises,%20and%20outperforming%20the%20market.%20Our%20recent%2010-year%20backtest%20shows%20that%20stocks%20that%20have%20a%20positive%20Earnings%20ESP%20and%20a%20Zacks%20Rank%20#3%20(Hold)%20or%20better%20show%20a%20positive%20surprise%20nearly%2070%%20of%20the%20time,%20and%20have%20returned%20over%2028%%20on%20average%20in%20annual%20returns%20(see%20more%20Top%20Earnings%20ESP%20stocks%20here).%20%20Given%20that%20GPI%20has%20a%20Zacks%20Rank%20#2%20(Buy)%20and%20an%20ESP%20in%20positive%20territory,%20investors%20might%20want%20to%20consider%20this%20stock%20ahead%20of%20earnings.%20You%20can%20see%20the%20complete%20list%20of%20today???s%20Zacks%20#1%20Rank%20(Strong%20Buy)%20stocks%20here.%20%20Clearly,%20recent%20earnings%20estimate%20revisions%20suggest%20that%20good%20things%20are%20ahead%20for%20Group%201%20Automotive,%20and%20that%20a%20beat%20might%20be%20in%20the%20cards%20for%20the%20upcoming%20report.%20%207%20Best%20Stocks%20for%20the%20Next%2030%20Days%20%20Just%20released:%20Experts%20distill%207%20elite%20stocks%20from%20the%20current%20list%20of%20220%20Zacks%20Rank%20#1%20Strong%20Buys.%20They%20deem%20these%20tickers%20???Most%20Likely%20for%20Early%20Price%20Pops.???%20%20Since%201988,%20the%20full%20list%20has%20beaten%20the%20market%20more%20than%202X%20over%20with%20an%20average%20gain%20of%20+24.7%%20per%20year.%20So%20be%20sure%20to%20give%20these%20hand-picked%207%20your%20immediate%20attention.%20%20See%207%20handpicked%20stocks%20now%20>>">See 7 handpicked stocks now >>


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