Asbury Automotive Group Earnings Preview: Can This Streak Continue?

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Asbury Automotive Group (NYSE:ABG) will report earnings before markets open on Wednesday, April 24th. Asbury Automotive Group Inc. is an automotive retailer operating franchises and dealership locations in the United States. The Company offers new and used vehicles and related financing and insurance, vehicle maintenance and repair services, replacement parts, and service contracts. Asbury’s dealerships are primarily either luxury or mid-line import brands.

Here is your Cheat Sheet to Asbury Automotive Group Earnings:

Earnings Expectations: Analysts expect earnings of $0.67 per share on revenues of $1.19 billion. Currently, the company’s P/E ratio stands at 12.88.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.78 to a profit $0.79. For the current year, the average estimate is a profit of $3, which is better than the estimate ninety days ago.

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Earnings Trends:

Here’s how Asbury Automotive Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 4,093 3,372 3,761 4,140 4,640
Diluted EPS ($) -10.84 0.41 1.14 2.08 2.61

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,090 1,100 1,191 1,198 1,152
Diluted EPS ($) 0.68 0.56 0.67 0.66 0.72

Past Performance:
Asbury Automotive Group has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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