Holley Inc. (HLLY) Reports Q3 Loss, Misses Revenue Estimates

Company Performance - Holley Inc. reported a quarterly loss of $0.01 per share, missing the Zacks Consensus Estimate of $0.02, and down from earnings of $0.03 per share a year ago, representing an earnings surprise of -150% [1] - The company posted revenues of $134.04 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 6.17%, and down from $156.53 million in the same quarter last year [2] - Holley has not surpassed consensus EPS estimates over the last four quarters, although it has topped consensus revenue estimates twice during that period [2] Stock Performance - Holley shares have declined approximately 43.3% since the beginning of the year, contrasting with the S&P 500's gain of 25.2% [3] - The current Zacks Rank for Holley is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $154.11 million, and for the current fiscal year, it is $0.19 on revenues of $625.08 million [7] - The outlook for the Automotive - Original Equipment industry, to which Holley belongs, is currently in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8]