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