On Thursday, May 9, TrueCar TRUE will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
TrueCar EPS is expected to be around a loss of 1 cent, according to sell-side analysts. Sales will likely be near $84.91 million.
In the same quarter last year, TrueCar posted earnings of 1 cent on sales of $81 million. Sales would be up 4.75 percent on a year-over-year basis. Here's how the TrueCar's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 0.05 | 0.05 | 0.03 | 0.01 | |
| EPS Actual | 0.03 | 0.04 | 0.03 | 0.01 | 0.05 |
Stock Performance
Shares of TrueCar were trading at $6.96. Over the last 52-week period, shares are down 32.75 percent. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The most common rating by analysts on TrueCar stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
TrueCar's conference call is scheduled to begin at 4:30 p.m. ET and can be accessed here: http://public.viavid.com/player/index.php?id=134229
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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