Group 1 Automotive Inc reports results for the quarter ended September 30 - Earnings Summary

• Group 1 Automotive Inc GPI.N reported quarterly adjusted earnings of $9.36​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $10.45. The mean expectation of ten analysts for the quarter was for earnings of $9.50 per share. Wall Street expected results to range from $8.65 to $10.19 per share.

• Revenue fell 6.7% to $5.40 billion from a year ago; analysts expected $5.58 billion.

• Group 1 Automotive Inc's reported EPS for the quarter was $8.59​.

• The company reported quarterly net income of $102 million.

• Group 1 Automotive Inc shares had risen by 5.7% this quarter and lost 35.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.3% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the auto vehicles, parts & service retailers peer group is also "buy"

• Wall Street's median 12-month price target for Group 1 Automotive Inc is $326.50, about 22.1% above its last closing price of $254.20

This summary was machine generated from LSEG data October 28 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)