Motorcar Parts of America Inc reports results for the quarter ended June 30 - Earnings Summary

• Motorcar Parts of America Inc MPAA.OQ reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -33 cents. The lone analyst forecast for the quarter was for earnings of 18 cents per share.

• Revenue rose 10.9% to $188.36 million from a year ago; analysts expected $172.00 million.

• Motorcar Parts of America Inc's reported EPS for the quarter was 15 cents​.

• The company reported quarterly net income of $3.04 million.

• Motorcar Parts of America Inc shares had risen by 0.7% this quarter and gained 48.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 41.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"

• Wall Street's median 12-month price target for Motorcar Parts of America Inc is $16.00, about 29.5% above its last closing price of $11.28

This summary was machine generated from LSEG data August 11 at 04:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)