CarParts.com Q3 EPS $(0.17) Misses $(0.11) Estimate, Sales $144.75M Beat $142.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
CarParts.com reported a Q3 EPS loss of $(0.17), missing the $(0.11) estimate, but sales of $144.75M beat the $142.20M estimate. EPS decreased by 325% from last year, while sales decreased by 13.25%.
October 29, 2024 | 8:50 pm
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CarParts.com reported a Q3 EPS loss of $(0.17), missing the $(0.11) estimate, but sales of $144.75M beat the $142.20M estimate. EPS decreased by 325% from last year, while sales decreased by 13.25%.
The significant miss on EPS compared to estimates and the large year-over-year decrease in EPS are likely to negatively impact the stock price in the short term. Although sales beat estimates, the year-over-year decline in sales adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100