CarParts.com Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

CarParts.com (NASDAQ:PRTS) Third Quarter 2022 Results

Key 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.

Performance of the American Online Retail industry.

The company's shares are up 5.1% from a week ago.

Balance Sheet Analysis

Just 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.

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