Penske Automotive (PAG) came out with quarterly earnings of $3.54 per share, beating the Zacks Consensus Estimate of $3.37 per share. This compares to earnings of $3.45 per share a year ago.
Evaluate the expected performance of Penske (PAG) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Penske (PAG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PAG is poised to benefit from its strategic acquisitions, expanding footprint and joint ventures despite higher spending.
Penske (PAG) reported earnings 30 days ago. What's next for the stock?
Penske Automotive Group has compounded NOPAT by 17% annually since 2019, reflecting significant post-pandemic growth and increased earnings power. Despite declining balance sheet efficiency, ROIC has marginally improved from 6.4% to 6.6%, showcasing stable profitability. The firm's intrinsic value has doubled since 2019, with a PEBV of 1.33, indicating attractive valuation and strong future growth potential.
PAG misses third-quarter earnings estimates on lower-than-expected results from the Retail Automotive segment.
Penske Automotive Group, Inc. (NYSE:PAG ) Q3 2024 Earnings Conference Call October 29, 2024 1:00 PM ET Company Participants Tony Pordon - Executive Vice President, Investor Relations and Corporate Development Roger Penske - Chair and Chief Executive Officer Rich Shearing - North American Operations Randall Seymore - International Operations Shelley Hulgrave - Executive Vice President and Chief Financial Officer Conference Call Participants John Murphy - Bank of America Ron Jewsikow - Guggenheim Securities Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Ladies and gentlemen, good afternoon, welcome to the Penske Automotive Group Third Quarter 2024 Earnings Conference Call. Today's call is being recorded and will be available for replay approximately one hour after completion through November 6, 2024, on the Company's website under the Investors tab at www.penskeautomotive.com.
The headline numbers for Penske (PAG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Penske Automotive (PAG) came out with quarterly earnings of $3.36 per share, missing the Zacks Consensus Estimate of $3.48 per share. This compares to earnings of $3.90 per share a year ago.
Penske (PAG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
South Plains Financial (SPFI), Prosperity Bancshares (PB), Penske Automotive Group (PAG) and Bank First (BFC) recently announced dividend hikes.