Stock Analysis

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

NasdaqGS:PRTS
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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).
earnings-and-revenue-growth
NasdaqGS:PRTS Earnings and Revenue Growth November 11th 2022

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.