Motorcar Parts of America, Inc. (NASDAQ:MPAA) is reporting second quarter financial results on Monday 9th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, MPAA is expected to report 2Q21 income of $ 0.46 per share from revenue of $ 148.67 million.
For the full year, analysts anticipate top line of $ 548.70 million, while looking forward to income of $ 1.51 per share bottom line.
Previous Quarter Performance
Motorcar Parts of America, Inc. came out with income for the first quarter of $ 0.04 per share, from the revenue of $ 95.36 million. The quarterly earnings fell 55.56 percent while revenues contracted 10.48 percent compared with the same quarter last year.
According to street consensus, MPAA was expected to report 1Q21 loss of $ 0.08 per share from revenue of $ 86.52 million. The bottom line results beat street analysts by $ 0.12 or 150.00 percent, at the same time, top line results outshined analysts by $ 8.84 million or 10.22 percent.
Stock Performance
On Friday, shares of Motorcar Parts of America, Inc. has traded high as $ 16.18 and has cracked $ 15.85 on the downward trend, reaching $ 16.08 with volume of 41.60 thousand shares.
According to the previous trading day, closing price of $ 16.08, representing a 51.20 % increase from the 52 week low of $ 10.43 and a 35.89 % decrease over the 52 week high of $ 24.60.
The company has a market capital of $ 305.85 million and is part of the Consumer Cyclical sector and Auto Parts industry.
Conference Call
Motorcar Parts of America, Inc. will be hosting a conference call at 1:00 PM eastern time on 9th November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.motorcarparts.com
Motorcar Parts of America, Inc. manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts, The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, diagnostics systems, AC and DC advanced power emulators, and custom power electronic products, as well as rotors and brake pads. It also designs and manufactures test solutions for performance, endurance, and production testing of electric motors, inverters, alternators, starters, and belt starter generators for the original equipment, aerospace, and aftermarket.
