Benzinga | Jul 27, 2021 11:13AM EDT

Penske Automotive Group's Earnings Outlook

Penske Automotive Group (NYSE:PAG) will be releasing its next round of earnings this Wednesday, July 28. For all of the relevant information, here is your guide for Wednesday's Q2 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see Penske Automotive Group reporting earnings of $2.12 per share on revenue of $6.01 billion. Penske Automotive Group earnings in the same period a year ago was $0.56 per share. Quarterly sales came in at $3.65 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Wednesday, quarterly profit would be up 278.57%. Revenue would be up 64.61% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 1.81 2.13 1.56 0.54EPS Actual 2.26 2.49 2.87 0.56Revenue Estimate 5.53 B 5.74 B 5.50 B 4.06 BRevenue Actual 5.77 B 5.81 B 5.97 B 3.65 B

Want Real-Time Earnings Calendar Updates?

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Stock Performance

Shares of Penske Automotive Group were trading at $80.51 as of July 26. Over the last 52-week period, shares are up 67.73%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Penske Automotive Group is scheduled to hold the call at 14:00:00 ET and can be accessed here.