Motorcar Parts of America Inc expected to post earnings of 42  cents a share - Earnings Preview

Motorcar Parts of America

09/06/2023 13:33

* Motorcar Parts of America Inc  MPAA.OQ   MPAA.O  is
expected
to show a rise in quarterly revenue when it reports  results on
June 13. 
    * The Torrance California-based  company is expected to
report  a
14.5% increase in revenue to $187.7 million from $163.92 million
a year ago, according to the estimate from one analyst, based on
Refinitiv data. The company's guidance on February 9 2023, for
the period ended March 31, was for revenue between $183.60
million and $191.60 million.
    * ​Refinitiv's mean analyst estimate for Motorcar Parts of
America
Inc is for earnings of 42 cents per share. 
    * The one available analyst rating on the shares is "buy".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Motorcar
Parts of
America Inc is $16​, above​ its last closing price of $5.32. ​​​

The company's guidance on February 9 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD183.6 million and USD32.5
million.
This summary was machine generated June 9 at 12:32 GMT.  All
figures in US dollars  unless otherwise stated