TrueCar Inc reports results for the quarter ended in September 30 - Earnings Summary

TrueCar

07/11/2024 05:20

* TrueCar Inc  TRUE.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of six analysts for the quarter was
for a loss of 6 cents per share. Wall Street expected results to
range from -8 cents to -4 cents per share.
    * Revenue rose 13.1% to $46.54 million from a year ago;
analysts
expected $44.86 million. 
    * TrueCar Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $5.83 million.
    * TrueCar Inc shares had risen by 24.9% this quarter and
gained 24.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
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 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for TrueCar Inc is
$4.13 
This summary was machine generated from LSEG data November 7 at
05:19 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
 Sep. 30 2024      -0.06          -0.06          Met
 Jun. 30 2024      -0.03          -0.03          Met
 Mar. 31 2024      -0.03          -0.02          Beat
 Dec. 31 2023      -0.03          -0.01          Beat