TrueCar Earnings Preview
Portfolio Pulse from Benzinga Insights
TrueCar (NASDAQ:TRUE) is scheduled to release its quarterly earnings report on February 20, 2024, with an expected EPS of $-0.03. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for the next quarter. TrueCar's past earnings performance shows a pattern of not meeting EPS estimates, with the share price reacting variably. As of February 15, TrueCar shares were trading at $3.93, marking a 39.55% increase over the last 52 weeks. This performance indicates a generally positive outlook from long-term shareholders ahead of the earnings release.
February 19, 2024 | 8:01 pm
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NEUTRAL IMPACT
TrueCar is expected to report an EPS of $-0.03 for the upcoming quarter. Historical data shows a trend of not meeting EPS estimates, which has led to mixed share price reactions. Currently, shares have risen 39.55% over the last year, indicating a positive sentiment among long-term investors.
TrueCar's expected EPS and historical performance suggest a cautious outlook. However, the significant yearly stock increase and the focus on future guidance indicate potential for a neutral to positive short-term impact, depending on the actual earnings results and future projections provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100