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

TrueCar

05/08/2024 23:10

* TrueCar Inc  TRUE.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of four analysts for the quarter
was for a loss of 3 cents per share. 
    * Revenue rose 6.4% to $41.80 million from a year ago;
analysts
expected $44.26 million. 
    * TrueCar Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * The company reported a quarterly loss of $13.52 million.
    * TrueCar Inc shares had risen by 8.0% this quarter and
lost 2.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "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
$3.30 
This summary was machine generated from LSEG data August 5 at
10:10 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      -0.03          -0.03          Met
 Mar. 31 2024      -0.03          -0.02          Beat
 Dec. 31 2023      -0.03          -0.01          Beat
 Sep. 30 2023      -0.06          -0.02          Beat