Sonic Automotive (NYS: SAH) reported earnings on Oct. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Sonic Automotive missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased.
Gross margins contracted, operating margins were steady, net margins were steady.
Sonic Automotive notched revenue of $2.15 billion. The seven analysts polled by S&P Capital IQ expected sales of $2.21 billion on the same basis. GAAP reported sales were 8.0% higher than the prior-year quarter's $1.99 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.40. The three earnings estimates compiled by S&P Capital IQ averaged $0.40 per share. GAAP EPS of $0.36 for Q3 were 9.1% higher than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 14.3%, 90 basis points worse than the prior-year quarter. Operating margin was 2.7%, about the same as the prior-year quarter. Net margin was 1.0%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $2.26 billion. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $8.58 billion. The average EPS estimate is $1.67.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 84 members out of 119 rating the stock outperform, and 35 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Sonic Automotive a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sonic Automotive is outperform, with an average price target of $22.00.
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The article Sonic Automotive Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.
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