TrueCar Inc expected to post a loss of 3 cents a share - Earnings Preview

TrueCar

03/08/2024 03:01

* TrueCar Inc  TRUE.OQ   TRUE.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 5 for the
period ending June 30 2024
    * The Santa Monica California-based  company is expected to
report
a 12.7% increase in revenue to $44.265 million from $39.29
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for TrueCar Inc is for a
loss of 3
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for TrueCar Inc
is
$3.30​, below​ its last closing price of $3.38. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.03       -0.03      -0.02     Beat    33.3
 Jan. 1 2024   -0.04       -0.03      -0.01     Beat    70
 Sep. 30 2023  -0.07       -0.06      -0.02     Beat    69.2​
 Jan. 1 0001   -0.13       -0.14      -0.09     Beat    33.8
 ​​Mar.                    -0.15      -0.15     Met     -8.7
 31 2023                                                
 Jan. 1 0001               -0.14      -0.15     Missed  -8.7​
 Sep. 30 2022  -0.11       -0.11                        -18.2
 Jun. 30 2022  -0.12       -0.12                        45.8
 This summary was machine generated August 3 at 02:01 GMT.  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)