UPDATE: Motorcar Parts of America Q1 Adj $0.04 Misses $0.13 Estimate, Sales $159.71M Miss $172.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Motorcar Parts of America (NASDAQ:MPAA) reported Q1 earnings of $0.04 per share, missing the analyst consensus estimate of $0.13 by 69.23%. This is a 88.89% decrease from the same period last year. The company also reported quarterly sales of $159.71 million, missing the analyst consensus estimate of $172.20 million by 7.26%. This is a 2.61% decrease from the same period last year.
August 09, 2023 | 1:07 pm
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NEGATIVE IMPACT
Motorcar Parts of America's Q1 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the company's stock price in the short term.
Motorcar Parts of America reported lower than expected earnings and sales for Q1, with a significant decrease from the same period last year. This underperformance could lead to a decrease in the company's stock price in the short term as it indicates potential operational and financial challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100