CarParts.com Q1 2024 GAAP EPS $(0.11) Misses $(0.10) Estimate, Sales $166.289M Miss $166.637M Estimate
Portfolio Pulse from Benzinga Newsdesk
CarParts.com reported Q1 2024 GAAP EPS of $(0.11), missing the $(0.10) estimate, and sales of $166.289M, below the $166.637M estimate. This represents a 650% decrease in EPS and a 5.24% decrease in sales from the same period last year.
May 07, 2024 | 10:08 pm
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NEGATIVE IMPACT
CarParts.com's Q1 2024 earnings and sales missed estimates, with a significant decrease in EPS and sales compared to last year.
Missing both EPS and sales estimates, especially with such a significant year-over-year decrease in earnings, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100