Motorcar Parts of America Third Quarter 2024 Earnings: Misses Expectations
Motorcar Parts of America (NASDAQ:MPAA) Third Quarter 2024 Results
Key Financial Results
Revenue: US$171.9m (up 13% from 3Q 2023).
Net loss: US$47.2m (down from US$1.03m profit in 3Q 2023).
US$2.41 loss per share (down from US$0.053 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Motorcar Parts of America Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company's shares are down 10% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Motorcar Parts of America (1 shouldn't be ignored!) that you should be aware of.
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