TrueCar's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
TrueCar (NASDAQ:TRUE) is set to release its latest quarterly earnings report on November 6, 2023. Analysts estimate an earnings per share (EPS) of $-0.06. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Shares of TrueCar were trading at $1.99 as of November 2, with a 52-week return of -4.42%.
November 03, 2023 | 8:01 pm
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NEGATIVE IMPACT
TrueCar's upcoming earnings report could potentially impact its stock price, given its history of missing EPS estimates and subsequent share price drops.
TrueCar has a history of missing EPS estimates, which has typically resulted in a drop in its share price. Given this trend, it's likely that the upcoming earnings report could have a negative impact on the stock price, especially if the company misses the EPS estimate again.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100