It has been a couple of month for the reason that final earnings report for Sonic Automotive (SAH). Shares have misplaced about 18.9% in that timeframe, underperforming the S&P 500.
Will the current unfavourable pattern proceed main as much as its subsequent earnings launch, or is Sonic Automotive due for a breakout? Earlier than we dive into how buyers and analysts have reacted as of late, let’s take a fast have a look at its most up-to-date earnings report as a way to get a greater deal with on the vital drivers.
How Have Estimates Been Transferring Since Then?
It seems, recent estimates have trended upward throughout the previous month.
The consensus estimate has shifted 8.43% attributable to these adjustments.
VGM Scores
At the moment, Sonic Automotive has a poor Progress Rating of F, nevertheless its Momentum Rating is doing so much higher with an A. Charting a considerably comparable path, the inventory was allotted a grade of B on the worth facet, placing it within the second quintile for this funding technique.
Total, the inventory has an mixture VGM Rating of C. Should you aren’t targeted on one technique, this rating is the one you have to be taken with.
Outlook
Estimates have been trending upward for the inventory, and the magnitude of those revisions appears promising. Notably, Sonic Automotive has a Zacks Rank #3 (Maintain). We anticipate an in-line return from the inventory within the subsequent few months.
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Sonic Automotive, Inc. (SAH) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
