CarParts.com (NASDAQ:PRTS) Third Quarter 2022 ResultsKey Financial Results
- Revenue: US$164.8m (up 16% from 3Q 2021).
- Net loss: US$948.0k (loss narrowed by 80% from 3Q 2021).
- US$0.017 loss per share (improved from US$0.089 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CarParts.com EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 65%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Online Retail industry in the US.
The company's shares are up 5.1% from a week ago.
Balance Sheet AnalysisJust as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on CarParts.com's balance sheet.
What are the risks and opportunities for CarParts.com?
Trading at 76.7% below our estimate of its fair value
Earnings are forecast to grow 54.48% per year
Became profitable this year
Shareholders have been diluted in the past year
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