TrueCar Inc reports results for the quarter ended in December - Earnings Summary

TrueCar

21/02/2024 10:42

* TrueCar Inc  TRUE.OQ  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -15
cents.  The mean expectation of five analysts for the quarter
was for a loss of 3 cents per share. Wall Street expected
results to range from -4 cents to -2 cents per share.
    * Revenue rose 12.6% to $41.29 million from a year ago;
analysts
expected $41.86 million. 
    * TrueCar Inc's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $1.9 million.
    * TrueCar Inc shares had risen by 5.9% this quarter.

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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for TrueCar Inc is
$3.00 
This summary was machine generated from LSEG data February 21 at
10:41 a.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      -0.03          -0.01          Beat
 Sep. 30 2023      -0.06          -0.02          Beat
 Jun. 30 2023      -0.14          -0.09          Beat
 Mar. 31 2023      -0.15          -0.15          Met