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

Holley

28/02/2024 14:50

* Holley Inc  HLLY.N  reported quarterly adjusted earnings
of 3
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -4 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from 1 cents to 5 cents per share.
    * Revenue rose 1.1% to $156.53 million from a year ago;
analysts
expected $155.82 million. 
    * Holley Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $752
thousand.
    * Holley Inc shares had fallen by 0.4% 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 "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"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 Holley Inc is
$8.88 
This summary was machine generated from LSEG data February 28 at
02:49 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 2023      0.03           0.03           Met
 Jun. 30 2023      0.07           0.14           Beat
 Mar. 31 2023      0.01           0.05           Beat
 Dec. 31 2022      -0.09          -0.19          Missed