October 28, 2020

Why Asbury Automotive (ABG) Could Beat Earnings Estimates Again

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Asbury Automotive Group (ABG), which belongs to the Zacks Automotive – Retail and Whole Sales industry, could be a great candidate to consider.

This auto dealership chain has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.91%.

For the most recent quarter, Asbury Automotive was expected to post earnings of $2.47 per share, but it reported $2.52 per share instead, representing a surprise of 2.02%. For the previous quarter, the consensus estimate was $1.61 per share, while it actually produced $1.80 per share, a surprise of 11.80%.

Price and EPS Surprise

Thanks in part to this history, there has been a favorable change in earnings estimates for

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Are Investors Undervaluing Asbury Automotive Group (ABG) Right Now?

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system’s “Value” category. Stocks with “A” grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company value investors might

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