Motorcar Parts of America Inc reports results for the quarter ended in December - Earnings Summary

Motorcar Parts of America

09/02/2024 17:31

* Motorcar Parts of America Inc  MPAA.OQ  reported a
quarterly
adjusted loss of 27 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 21 cents.  The lone analyst forecast for
the quarter was for earnings of 8 cents per share. 
    * Revenue rose 13.2% to $171.86 million from a year ago;
analysts
expected $182.20 million. 
    * Motorcar Parts of America Inc's reported EPS for the
quarter was
a loss of $2.40​.
    * The company reported a quarterly loss of $47.21 million.
    * Motorcar Parts of America Inc shares had risen by 2.6%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 70.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"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 Motorcar Parts of
America Inc is $12.00 
This summary was machine generated from LSEG data February 9 at
05:31 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
 Dec. 31 2023      0.08           -0.27          Missed
 Sep. 30 2023      0.17           0.48           Beat
 Jun. 30 2023      0.13           0.04           Missed
 Mar. 31 2023      0.42           -0.05          Missed