Exploring Penske Automotive Group's Earnings Expectations

Penske Automotive Group (NYSE:PAG) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-29. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Penske Automotive Group will report an earnings per share (EPS) of $3.52.

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).

Earnings History Snapshot

During the last quarter, the company reported an EPS beat by $0.22, leading to a 1.64% drop in the share price on the subsequent day.

Here's a look at Penske Automotive Group's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

3.39

3.35

3.69

4.04

EPS Actual

3.61

3.21

3.45

3.92

Price Change %

-2.0%

-1.0%

-0.0%

2.0%

Stock Performance

Shares of Penske Automotive Group were trading at $152.26 as of October 25. Over the last 52-week period, shares are up 8.34%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on Penske Automotive Group

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Penske Automotive Group.

The consensus rating for Penske Automotive Group is Underperform, derived from 4 analyst ratings. An average one-year price ...