Group 1 Automotive Earnings: Everything You Must Know Now

Group 1 Automotive Inc. (NYSE:GPI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Group 1 Automotive Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 19.59% to $1.16 in the quarter versus EPS of $0.97 in the year-earlier quarter.

Revenue: Rose 17.97% to $1.96 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Group 1 Automotive Inc. reported adjusted EPS income of $1.16 per share. By that measure, the company beat the mean analyst estimate of $1.03. It beat the average revenue estimate of $1.91 billion.

Quoting Management: “I am pleased with Group 1′s first-quarter operating results including significant revenue growth and solid expense leverage that delivered record first-quarter earnings,” said Earl J. Hesterberg, Group 1′s president and chief executive officer. “We also significantly expanded the scale of our U.K. business and entered the rapidly-growing Brazilian automotive market. This is an exciting time for our company – an unprecedented growth phase which should support strong returns for our shareholders over time.”

Key Stats (on next page)…

Revenue increased 1.28% from $1.94 billion in the previous quarter. EPS increased 17.17% from $0.99 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.43 to a profit $1.37. For the current year, the average estimate has moved down from a profit of $5.41 to a profit of $5.15 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)