Holley (NYSE:HLLY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$134.0m (down 14% from 3Q 2023).
• Net loss: US$6.29m (down from US$752.0k profit in 3Q 2023).
• US$0.053 loss per share (down from US$0.006 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Holley Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 5.3% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Holley (including 1 which is concerning).

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