Penske Automotive Group, Inc. (NYSE:PAG) is set to announce second quarter earning results on Wednesday 29th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PAG to report 2Q20 income of $ 0.54 per share.
For the full year, analysts anticipate top line of $ 20052.60 million, while looking forward to income of $ 3.52 per share bottom line.
Previous Quarter Performance
Penske Automotive Group, Inc. unveiled income for the first quarter of $ 0.64 per share, from the revenue of $ 5,009.00 million. The quarterly earnings lowered 46.22 percent while revenues shrunk 9.98 percent compared with the same quarter last year.
According to street consensus, PAG was expected to report 1Q20 income of $ 0.71 per share from revenue of $ 5241.11 million. The bottom line results missed street analysts by $ 0.07 or 9.86 percent, at the same time, top line results fell short of analysts by $ 232.11 million or 4.43 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PAG was $ 46.52, representing a 132.72 % increase from the 52 week low of $ 19.99 and a 13.55 % decrease over the 52 week high of $ 53.81.
The company has a market capital of $ 3.74 billion and is part of the Consumer Cyclical sector and Auto & Truck Dealerships industry.
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Recent Analyst recommendations
- On 10th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 46.00 target price.
- On 23rd June 2020, upgraded by Benchmark to Buy from Hold rating.
Conference Call
Penske Automotive Group, Inc. will be hosting a conference call at 2:00 PM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.penskeautomotive.com
Penske Automotive Group, Inc. operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments.
