Penske Automotive Group PAG is set to give its latest quarterly earnings report on Wednesday, 2024-02-07. Here's what investors need to know before the announcement.
Analysts estimate that Penske Automotive Group will report an earnings per share (EPS) of $3.71.
Penske Automotive Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company missed EPS by $0.12, which was followed by a 2.23% increase in the share price the next day.
Here's a look at Penske Automotive Group's past performance and the resulting price change:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 4.04 | 4.19 | 4.13 | 3.95 |
| EPS Actual | 3.92 | 4.41 | 4.31 | 4.21 |
| Price Change % | 2.23% | 0.06% | 1.68% | 2.48% |
Stock Performance
Shares of Penske Automotive Group were trading at $149.61 as of February 02. Over the last 52-week period, shares are up 10.15%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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