Motorcar Parts of America Inc reports results for the quarter ended September 30 - Earnings Summary

Motorcar Parts of America

12/11/2024 19:26

* Motorcar Parts of America Inc  MPAA.OQ  reported quarterly
adjusted earnings of 31 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 48 cents.  The lone analyst forecast for
the quarter was for earnings of 18 cents per share. 
    * Revenue rose 5.9% to $208.19 million from a year ago;
analysts
expected $204.50 million. 
    * Motorcar Parts of America Inc's reported EPS for the
quarter was
a loss of 15 cents​.
    * The company reported a quarterly loss of $2.95 million.
    * Motorcar Parts of America Inc shares had fallen by 20.0%
this
quarter and lost 36.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 14.00 
This summary was machine generated from LSEG data November 12 at
07:25 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
 Sep. 30 2024      0.18           0.31           Beat
 Jun. 30 2024      0.07           -0.33          Missed
 Mar. 31 2024      0.16           0.12           Missed
 Dec. 31 2023      0.08           -0.27          Missed