Motorcar Parts of America Inc reports results for the quarter ended in March - Earnings Summary

Motorcar Parts of America

11/06/2024 17:51

* Motorcar Parts of America Inc  MPAA.OQ  reported quarterly
adjusted earnings of 12 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of -5 cents.  The lone analyst forecast for
the quarter was for earnings of 16 cents per share. 
    * Revenue fell 2.7% to $189.48 million from a year ago;
analysts
expected $198.60 million. 
    * Motorcar Parts of America Inc's reported EPS for the
quarter was
3 cents​.
    * The company reported quarterly net income of $1.34
million.
    * Motorcar Parts of America Inc shares had fallen by 35.3%
this
quarter and lost 44.3% 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 1 "strong buy" or "buy," no
"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 Motorcar Parts of
America Inc is $14.00 
This summary was machine generated from LSEG data June 11 at
04:51 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
 Mar. 31 2024      0.16           0.12           Missed
 Dec. 31 2023      0.08           -0.27          Missed
 Sep. 30 2023      0.17           0.48           Beat
 Jun. 30 2023      0.13           0.04           Missed