Motorcar Parts of America Q3 Adj. EPS $(0.27) Misses $0.08 Estimate, Sales $171.86M Miss $182.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Motorcar Parts of America (MPAA) reported a significant miss in Q3 adjusted EPS at $(0.27) versus the expected $0.08, marking a 437.5% miss and a 228.57% decrease from last year's $0.21. Sales also missed estimates at $171.86M against the expected $182.20M, a 5.67% miss, though they represent a 13.20% increase from the previous year.
February 09, 2024 | 1:11 pm
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NEGATIVE IMPACT
Motorcar Parts of America's Q3 earnings significantly missed expectations with adjusted EPS at $(0.27) against an $0.08 estimate and sales missing estimates at $171.86M.
The significant miss in both EPS and sales compared to analyst estimates is likely to negatively impact investor sentiment in the short term, leading to a potential decrease in MPAA's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100