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Asbury Automotive Group (ABG) Dips More Than Broader Markets: What You Should Know
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Asbury Automotive Group (ABG - Free Report) closed the most recent trading day at $151.49, moving -0.81% from the previous trading session. This move lagged the S&P 500's daily loss of 0.37%.
Heading into today, shares of the auto dealership chain had lost 12.82% over the past month, lagging the Retail-Wholesale sector's loss of 6.95% and the S&P 500's loss of 6.01% in that time.
Wall Street will be looking for positivity from Asbury Automotive Group as it approaches its next earnings report date. This is expected to be February 15, 2022. The company is expected to report EPS of $5.86, up 31.98% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.45 billion, up 9.49% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Asbury Automotive Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 25.13% higher within the past month. Asbury Automotive Group is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Asbury Automotive Group is holding a Forward P/E ratio of 5.12. This represents a discount compared to its industry's average Forward P/E of 7.17.
Meanwhile, ABG's PEG ratio is currently 0.28. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ABG's industry had an average PEG ratio of 0.36 as of yesterday's close.
The Automotive - Retail and Whole Sales industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 4, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Asbury Automotive Group (ABG) Dips More Than Broader Markets: What You Should Know
Asbury Automotive Group (ABG - Free Report) closed the most recent trading day at $151.49, moving -0.81% from the previous trading session. This move lagged the S&P 500's daily loss of 0.37%.
Heading into today, shares of the auto dealership chain had lost 12.82% over the past month, lagging the Retail-Wholesale sector's loss of 6.95% and the S&P 500's loss of 6.01% in that time.
Wall Street will be looking for positivity from Asbury Automotive Group as it approaches its next earnings report date. This is expected to be February 15, 2022. The company is expected to report EPS of $5.86, up 31.98% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.45 billion, up 9.49% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Asbury Automotive Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 25.13% higher within the past month. Asbury Automotive Group is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Asbury Automotive Group is holding a Forward P/E ratio of 5.12. This represents a discount compared to its industry's average Forward P/E of 7.17.
Meanwhile, ABG's PEG ratio is currently 0.28. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ABG's industry had an average PEG ratio of 0.36 as of yesterday's close.
The Automotive - Retail and Whole Sales industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 4, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.