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

Holley

08/11/2024 16:18

* Holley Inc  HLLY.N  reported a quarterly adjusted loss of
1
cent​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 3
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 6 cents per share.
    * Revenue fell 14.4% to $134.04 million from a year ago;
analysts
expected $142.53 million. 
    * Holley Inc's reported EPS for the quarter was a loss of 5
cents​.
    * The company reported a quarterly loss of $6.29 million.
    * Holley Inc shares had fallen by 6.4% this quarter and
lost 43.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, 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 7 "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
$5.50 
This summary was machine generated from LSEG data November 8 at
04:18 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 2024      0.03           -0.01          Missed
 Jun. 30 2024      0.09           0.10           Beat
 Mar. 31 2024      0.05           0.00           Missed
 Dec. 31 2023      0.02           0.00           Missed