CarParts.com Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
U.S. Auto Parts Network, Inc. PRTS | 0.94 | -4.71% |
CarParts.com (NASDAQ:PRTS) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$144.8m (down 13% from 3Q 2023).
- Net loss: US$10.0m (loss widened by 298% from 3Q 2023).
- US$0.17 loss per share (further deteriorated from US$0.044 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CarParts.com Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 42%.
Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the US.
The company's shares are up 16% from a week ago.
Risk Analysis
You still need to take note of risks, for example - CarParts.com has 3 warning signs we think you should be aware of.
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