Sonic Automotive (SAH) Volatility Higher; Shares Rebound Following Light Q2 Outlook
Tweet Send to a FriendGet Alerts SAH Hot Sheet
Price: $21.85 +0.23%
Revenue Growth %: +4.5%
Financial Fact:
Income from continuing operations: 32.42M
Today's EPS Names:
IHS, MEI, PIR, More
Revenue Growth %: +4.5%
Financial Fact:
Income from continuing operations: 32.42M
Today's EPS Names:
IHS, MEI, PIR, More
Trade SAH Now!
Sonic Automotive, Inc. (NYSE: SAH) shares are showing higher implied volatility following Monday's 13 percent drop.
Monday, Sonic disclosed that second-quarter revs will rise just 10 - 13 percent from last year's number of $1.95 billion, leading to a top end of $2.204 billion. The Street was looking for revs of $2.23 billion. Further, EBITDA is expected to be flat as well with net income up just 2.1 percent.
Implied volatility is up 9 percent from yesterday's close to 64 percent. The level is 131 percent above of its trailing annual average.
Shares are 8.6 percent higher Tuesday afternoon.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Monday, Sonic disclosed that second-quarter revs will rise just 10 - 13 percent from last year's number of $1.95 billion, leading to a top end of $2.204 billion. The Street was looking for revs of $2.23 billion. Further, EBITDA is expected to be flat as well with net income up just 2.1 percent.
Implied volatility is up 9 percent from yesterday's close to 64 percent. The level is 131 percent above of its trailing annual average.
Shares are 8.6 percent higher Tuesday afternoon.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Tesla (TSLA) Ramps Higher (GM)
- Actuant Corp. (ATU) Tops Q3 EPS by 3c; Trims FY13 Outlook, Guides FY14
- UPDATE: Viropharma, Inc. (VPHM) Said to Attract Acquisition Interest - Reuters
Create E-mail Alert Related Categories
Guidance, Insiders' Blog, OptionsRelated Entities
Options
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
