Asbury Automotive Group (ABG) Expected to Beat Earnings Estimates: Should You Buy?

Company Overview - Asbury Automotive Group (ABG) is expected to report a year-over-year decline in earnings, with a projected EPS of $6.04, reflecting a decrease of 15.2$4.13 billion, which represents an increase of 8.5% from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 0.28% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4] - The Most Accurate Estimate for Asbury Automotive is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.49%, suggesting a likelihood of beating the consensus EPS estimate [10][11] Earnings Surprise History - In the last reported quarter, Asbury Automotive was expected to post earnings of $6.65 per share but only achieved$6.35, resulting in a surprise of -4.51% [12] - The company has not surpassed consensus EPS estimates in any of the last four quarters [13] Industry Context - Group 1 Automotive (GPI), a peer in the automotive retail and wholesale industry, is expected to report earnings of $9.17 per share, reflecting a year-over-year decline of 3.5$5.2 billion, up 16.1% from the previous year [17] - Group 1 Automotive's consensus EPS estimate has been revised down by 0.3% over the last 30 days, and it currently has an Earnings ESP of -1.05%, indicating uncertainty in beating the consensus EPS estimate [18]