Will Group 1 Automotive (GPI) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Group 1 Automotive (GPI) is positioned to potentially continue its earnings-beat streak in the upcoming report, with a history of surpassing earnings estimates, particularly in the last two quarters, averaging a surprise of 8.40% [1][5] Earnings Performance - For the last reported quarter, Group 1 Automotive achieved earnings of $11.52 per share, exceeding the Zacks Consensus Estimate of $10.31 per share, resulting in a surprise of 11.74% [2] - In the previous quarter, the company was expected to report earnings of $9.68 per share but delivered $10.17 per share, yielding a surprise of 5.06% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Group 1 Automotive, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat, especially given its solid Zacks Rank [5][8] - The current Earnings ESP for Group 1 Automotive stands at +2.08%, suggesting increased analyst optimism regarding its near-term earnings potential [8] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may be more accurate [7]