Holley Inc reports results for the quarter ended in June - Earnings Summary

Holley

07/08/2024 15:23

* Holley Inc  HLLY.N  reported quarterly adjusted earnings
of 10
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 14
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 10 cents per share. Wall Street expected
results to range from 8 cents to 11 cents per share.
    * Revenue fell 3.3% to $169.50 million from a year ago;
analysts
expected $170.39 million. 
    * Holley Inc's reported EPS for the quarter was 14 cents​.
    * The company reported quarterly net income of $17.11
million.
    * Holley Inc shares had fallen by 4.5% this quarter and
lost 29.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Holley Inc is
$7.00 
This summary was machine generated from LSEG data August 7 at
02:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.10           0.10           Met
 Mar. 31 2024      0.05           0.00           Missed
 Dec. 31 2023      0.02           0.00           Missed
 Sep. 30 2023      0.03           0.03           Met