AutoNation (NYS: AN) is expected to report Q2 earnings on July 19. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict AutoNation's revenues will grow 11.1% and EPS will improve 18.4%.
The average estimate for revenue is $3.71 billion. On the bottom line, the average EPS estimate is $0.58.
Last quarter, AutoNation booked revenue of $3.66 billion. GAAP reported sales were 10% higher than the prior-year quarter's $3.31 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.56. GAAP EPS of $0.56 for Q1 were 24% higher than the prior-year quarter's $0.45 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 16.5%, 60 basis points worse than the prior-year quarter. Operating margin was 4.1%, 10 basis points worse than the prior-year quarter. Net margin was 2.0%, 10 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $15.02 billion. The average EPS estimate is $2.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 168 members out of 234 rating the stock outperform, and 66 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give AutoNation a green thumbs-up, and 18 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AutoNation is hold, with an average price target of $34.70.
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The article AutoNation Earnings Are On Deck originally appeared on Fool.com.
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