Holley Inc reports results for the quarter ended September 30 - Earnings Summary

• Holley Inc HLLY.N reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of eight analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 1 cents to 6 cents per share.

• Revenue fell 14.4% to $134.04 million from a year ago; analysts expected $142.53 million.

• Holley Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $6.29 million.

• Holley Inc shares had fallen by 6.4% this quarter and lost 43.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 7 "strong buy" or "buy," 2 "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 Holley Inc is $5.50

This summary was machine generated from LSEG data November 8 at 04:18 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)