Can Asbury Automotive (ABG) Keep the Earnings Surprise Streak Alive?

Core Viewpoint - Asbury Automotive Group (ABG) is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports [1] Earnings Performance - Asbury Automotive has a strong track record of beating earnings estimates, with an average surprise of 7.19% over the last two quarters [2] - In the most recent quarter, the company reported earnings of $7.17 per share against an expectation of $6.8, resulting in a surprise of 5.44% [2] - For the previous quarter, Asbury Automotive's actual earnings were $7.43 per share, surpassing the consensus estimate of $6.82 by 8.94% [2] Earnings Estimates and Predictions - Recent earnings estimates for Asbury Automotive have been revised upward, indicating positive sentiment among analysts [5] - The Zacks Earnings ESP for Asbury Automotive is currently +4.73%, suggesting bullish expectations for the company's earnings [8] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a strong likelihood of another earnings beat [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, reflecting the latest analyst revisions [7]