Zoomcar to Report Q3 2024 Earnings: What Investors Need to Know

Zoomcar Holdings, Inc. (NASDAQ: ZCAR), the leading marketplace for self-drive car sharing, is set to report its third quarter 2024 financial results on February 14, 2025. The company plans to release the results before market opening and will host a live Zoom Webinar at 8:00 am Eastern Time (US) to discuss the financial results and provide corporate updates. Here's what investors need to know ahead of the earnings report.

Financial Performance Expectations

Zoomcar has been on a growth trajectory, with its revenue increasing by 12.13% in 2023 compared to the previous year. The company reported annual earnings of -$34.3 million in 2023, with a -44.7% growth rate. However, it's essential to note that Zoomcar operates in a competitive market, and its financial performance may be subject to fluctuations.



Key Metrics to Watch

Investors should focus on the following key metrics when analyzing Zoomcar's financial results:

1. Revenue Growth: Zoomcar's revenue growth is a crucial indicator of the company's performance. Investors should pay close attention to the year-over-year and quarter-over-quarter growth rates.
2. Losses: Zoomcar's losses have been significant in recent years. Investors should monitor the company's ability to reduce its losses and improve its profitability.
3. Operating Cash Flow (OCF) and Free Cash Flow (FCF): These metrics are essential for evaluating Zoomcar's cash-generating ability. Investors should assess the company's cash flow management and its ability to generate cash from its operations.
4. EBITDA Margin: Zoomcar's EBITDA margin is another crucial metric to assess the company's profitability. Investors should compare this metric with industry peers to understand Zoomcar's profitability relative to its competitors.

Expansion into New Markets

Zoomcar's expansion into new markets, such as Egypt, has been a strategic move to diversify its revenue streams and tap into new growth opportunities. This expansion has contributed to the company's overall financial performance and growth prospects. Investors should pay close attention to the company's progress in these new markets and the impact they have on the company's financial results.



Analyst Expectations and Recommendations

Wall Street analysts have provided their expectations and recommendations for Zoomcar's earnings report. According to WallStreetZen, Zoomcar's earnings were -$8.0M for the trailing 12 months ending Jun 30, 2024, with N/A growth year over year. The latest ZCAR earnings report on Jun 30, 2024 announced Q2 2024 earnings of -$2.5M, down 66.3% from last quarter. For the last reported fiscal year 2024 ending Mar 31, 2024, ZCAR reported annual earnings of -$34.3M, with -44.7% growth.

Investors should consider these expectations and recommendations when making investment decisions. However, it's crucial to remember that financial advice should be sought from a licensed financial advisor.



In conclusion, Zoomcar's upcoming earnings report is an essential event for investors to stay informed about the company's financial performance and growth prospects. By focusing on key metrics, assessing the impact of market expansion, and considering analyst expectations, investors can make more informed investment decisions. As always, it's essential to stay up-to-date with the latest developments and assess the risks and opportunities associated with Zoomcar's business model.