CarParts.com Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

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.

Performance of the American Specialty Retail industry.

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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