TrueCar (TRUE) reported $41.05 million in income for the quarter ended March 2024, representing a year-over-year enhance of 11%. EPS of -$0.04 for a similar interval compares to -$0.16 a 12 months in the past.
The reported income represents a shock of -0.37% over the Zacks Consensus Estimate of $41.21 million. With the consensus EPS estimate being -$0.04, the corporate has not delivered EPS shock.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers mission a inventory’s value efficiency extra precisely.
Right here is how TrueCar carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Monetization: $518 versus the two-analyst common estimate of $538.35.
- Items: 79 thousand versus 76.41 thousand estimated by two analysts on common.
- Revenues- OEM incentives income: $4.90 million in comparison with the $4.50 million common estimate based mostly on two analysts. The reported quantity represents a change of +390% 12 months over 12 months.
- Revenues- Seller income: $36 million in comparison with the $36.66 million common estimate based mostly on two analysts. The reported quantity represents a change of +0.6% 12 months over 12 months.
View all Key Company Metrics for TrueCar here>>>
Shares of TrueCar have returned -15% over the previous month versus the Zacks S&P 500 composite’s -2% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out according to the broader market within the close to time period.
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TrueCar, Inc. (TRUE) : Free Stock Analysis Report
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