In the most recent buying and selling session, Asbury Automotive Group (ABG) closed at $118.94, mar
In the most recent buying and selling session, Asbury Automotive Group (ABG) closed at $118.94, marking a -0.84% transfer from the day prior to this. This modification lagged the S&P 500’s every day acquire of 0.35%. In the meantime, the Dow misplaced 0.1%, and the Nasdaq, a tech-heavy index, added 0.37%.
Coming into at this time, shares of the auto dealership chain had gained 27.81% previously month. In that very same time, the Retail-Wholesale sector gained 4.89%, whereas the S&P 500 gained 4.32%.
ABG will likely be trying to show energy because it nears its subsequent earnings launch, which is anticipated to be October 27, 2020. In that report, analysts anticipate ABG to put up earnings of $4.02 per share. This could mark year-over-year progress of 72.53%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $1.94 billion, up 5.52% from the year-ago interval.
ABG’s full-year Zacks Consensus Estimates are calling for earnings of $11.92 per share and income of $7.22 billion. These outcomes would symbolize year-over-year modifications of +26% and +0.15%, respectively.
Any latest modifications to analyst estimates for ABG must also be famous by traders. Current revisions are inclined to mirror the most recent near-term enterprise tendencies. As such, optimistic estimate revisions mirror analyst optimism in regards to the firm’s enterprise and profitability.
Our analysis reveals that these estimate modifications are immediately correlated with near-term inventory costs. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate modifications into consideration and delivers a transparent, actionable score mannequin.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a exceptional, outside-audited monitor document of success, with #1 shares delivering a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 13.61% increased. ABG is at present sporting a Zacks Rank of #1 (Sturdy Purchase).
When it comes to valuation, ABG is at present buying and selling at a Ahead P/E ratio of 10.06. This valuation marks a reduction in comparison with its trade’s common Ahead P/E of 11.73.
It is usually value noting that ABG at present has a PEG ratio of 0.54. This in style 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 fee. Automotive – Retail and Complete Gross sales shares are, on common, holding a PEG ratio of 1.17 primarily based on yesterday’s closing costs.
The Automotive – Retail and Complete Gross sales trade is a part of the Retail-Wholesale sector. This trade at present has a Zacks Business Rank of 21, which places it within the prime 9% of all 250+ industries.
The Zacks Business Rank consists of is listed so as from finest to worst by way of the typical Zacks Rank of the person firms inside every of those sectors. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You’ll want to observe all of those stock-moving metrics, and lots of extra, on Zacks.com.
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Asbury Automotive Group, Inc. (ABG): Free Inventory Evaluation Report
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