October 22, 2020

Why Group 1 Automotive (GPI) 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? Group 1 Automotive (GPI), which belongs to the Zacks Automotive – Retail and Whole Sales industry, could be a great candidate to consider.

This auto dealer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 186.19%.

For the last reported quarter, Group 1 Automotive came out with earnings of $3.77 per share versus the Zacks Consensus Estimate of $0.91 per share, representing a surprise of 314.29%. For the previous quarter, the company was expected to post earnings of $1.05 per share and it actually produced earnings of $1.66 per share, delivering a surprise of 58.10%.

Price and EPS Surprise

Thanks in part to this history,

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