Motorcar Parts of America: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Motorcar Parts of America (NASDAQ:MPAA) reported Q4 earnings with an EPS of $0.07, missing estimates by 83.33%. Revenue was up $30.81 million YoY. Last quarter, the company also missed EPS estimates, resulting in a 1.97% share price drop the next day.
June 13, 2023 | 12:50 pm
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Motorcar Parts of America missed Q4 earnings estimates by 83.33%, reporting an EPS of $0.07. This follows a similar miss last quarter, which led to a 1.97% share price drop.
Motorcar Parts of America missed earnings estimates significantly, reporting an EPS of $0.07 compared to the expected $0.42. This is the second consecutive quarter of missing estimates, with the previous miss resulting in a 1.97% share price drop the following day. Given this pattern, it is likely that the stock price will be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100