Asbury Automotive Group (ABG) closed the latest buying and selling day at $141.63, shifting -1.63%
Asbury Automotive Group (ABG) closed the latest buying and selling day at $141.63, shifting -1.63% from the earlier buying and selling session. This transfer lagged the S&P 500’s each day lack of 0.13%. On the identical time, the Dow misplaced 0.23%, and the tech-heavy Nasdaq gained 0.54%.
Heading into right this moment, shares of the auto dealership chain had gained 17.46% over the previous month, outpacing the Retail-Wholesale sector’s acquire of 1.59% and the S&P 500’s acquire of three.5% in that point.
Wall Avenue can be on the lookout for positivity from ABG because it approaches its subsequent earnings report date. In that report, analysts count on ABG to put up earnings of $4.09 per share. This might mark year-over-year progress of 61.66%. In the meantime, our newest consensus estimate is asking for income of $2.18 billion, up 15.11% from the prior-year quarter.
For the complete yr, our Zacks Consensus Estimates are projecting earnings of $12.47 per share and income of $7.08 billion, which might characterize modifications of +31.82% and -1.77%, respectively, from the prior yr.
Buyers must also be aware any current modifications to analyst estimates for ABG. Current revisions are likely to mirror the most recent near-term enterprise tendencies. Because of this, we will interpret optimistic estimate revisions as an excellent signal for the corporate’s enterprise outlook.
Analysis signifies that these estimate revisions are instantly correlated with near-term share worth momentum. To learn from this, we’ve got developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications into consideration and gives an actionable ranking system.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a exceptional, outside-audited monitor file of success, with #1 shares delivering a median annual return of +25% since 1988. Throughout the previous 30 days, our consensus EPS projection has moved 0.4% increased. ABG presently has a Zacks Rank of #2 (Purchase).
its valuation, ABG is holding a Ahead P/E ratio of 11.55. For comparability, its business has a median Ahead P/E of 11.48, which suggests ABG is buying and selling at a premium to the group.
Buyers must also be aware that ABG has a PEG ratio of 0.62 proper now. This well-liked metric is just like the widely-known P/E ratio, with the distinction being that the PEG ratio additionally takes into consideration the corporate’s anticipated earnings progress charge. ABG’s business had a median PEG ratio of 1.03 as of yesterday’s shut.
The Automotive – Retail and Entire Gross sales business is a part of the Retail-Wholesale sector. This group has a Zacks Trade Rank of seven, placing it within the high 3% of all 250+ industries.
The Zacks Trade Rank contains is listed so as from greatest to worst by way of the typical Zacks Rank of the person corporations inside every of those sectors. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
To comply with ABG within the coming buying and selling classes, you’ll want to make the most of Zacks.com.
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Asbury Automotive Group, Inc. (ABG): Free Inventory Evaluation Report
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