TrueCar (TRUE) To Report Q1 Earnings: What's In The Offing?
Zacks Investment Research | May 07, 2018 12:02AM ET
TrueCar, Inc. (NASDAQ:TRUE) is set to report first-quarter 2018 results on May 8.
The company topped the Zacks Consensus Estimate in all the trailing four quarters, with an average beat of 112.5%.
In the last reported quarter, TrueCar delivered a positive earnings surprise of 400%. Non-Gaap earnings were 5 cents per share as against a loss of 1 cent in the year-ago quarter. The figure grew 150% sequentially.
Total revenues increased 12.1% year over year and 0.8% sequentially to $83.1 million. The top-line growth came on the back of higher number of dealers on the company’s platform, especially, independent dealers whose count grew 15% and revenues from these dealers were up 23% year over year in the fourth quarter.
Notably, shares of TrueCar have lost 9.3% on a year-to-date basis compared to the TrueCar, Inc. Quote
Stocks That Warrant a Look
Here are few stocks worth considering as our model shows that these have the right combination of elements to deliver an earnings beat in the upcoming releases.
Analog Devices (NASDAQ:ADI) has an Earnings ESP of +0.20% and a Zacks Rank #2. You can see Zacks Investment Research
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