Motorcar Parts of America (MPAA) Misses Q4 EPS by 12c, FY Revenue Guidance Misses at Mid-Point

Motorcar Parts of America (NASDAQ: MPAA) reported Q4 EPS of $0.56, $0.12 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $123.8 million versus the consensus estimate of $123.26 million.

GUIDANCE:

Motorcar Parts of America sees FY2019 revenue of $465-474 million, versus the consensus of $473.3 million.

The company has received at least $40 million in new business commitments in existing product lines on an annualized basis. This business will commence on a staggered basis, predominantly in the fiscal third and fourth quarters. Adjusted gross margins on an annualized basis are expected to be between 27.0 and 30.0 percent - primarily reflecting product mix and higher freight costs, although quarters may fluctuate above and below these numbers.

For earnings history and earnings-related data on Motorcar Parts of America (MPAA) click here.

You May Also Be Interested In

• United Natural Foods (UNFI) Tops Q4 EPS by 8c ; Offers Guidance
• HSBC Raises S&P500 Target to 8,100
• Novartis shares plunge 10% as failed drug trial clouds growth outlook