TrueCar, Inc. (NASDAQ:TRUE) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.07 per share from $ 77.69 million in revenue.
For the full year, analysts predict revenues of $ 288.80 million, while looking forward to income of $ 0.07 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 335.00 million ~ $ 355.00 million
Click Here For More Historical Outlooks Of TrueCar, Inc.
Previous Quarter Performance
TrueCar, Inc. outlined income for the second quarter of $ 0.04 per share, from the revenue of $ 62.69 million. The consensus estimates are loss of $ 0.07 per share from $ 55.23 million in revenue. The bottom line results beat street analysts by $ 0.11 or 157.14 percent, at the same time, top line results outshined analysts by $ 7.46 million or 13.51 percent.
Stock Performance
Shares of TrueCar, Inc. traded low $ -0.05 or -1.05 percent on Wednesday, reaching $ 4.70 with volume of 586.40 thousand shares. TrueCar, Inc. has traded high as $ 4.80 and has cracked $ 4.64 on the downward trend
The closing price of $ 4.70, representing a 139.90 % increase from the 52 week low of $ 1.98 and a 26.58 % decrease over the 52 week high of $ 6.47.
The company has a market capital of $ 507.64 million and is part of the Technology sector and Internet Content & Information industry.
Conference Call
TrueCar, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.truecar.com
TrueCar, Inc., together with its subsidiaries, operates as an Internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar Website and mobile applications. The company also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for large enterprises.
