U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0%.
U.S. Auto Parts Network, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.99 in the quarter versus EPS of $-0.12 in the year-earlier quarter.
Revenue: Decreased 18.68% to $62.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: U.S. Auto Parts Network, Inc. reported adjusted EPS loss of $0.99 per share. By that measure, the company missed the mean analyst estimate of $-0.07. It missed the average revenue estimate of $65.64 million.
Quoting Management: “We continue to push through this challenging time by taking necessary steps, including reducing operating costs and implementing strategies for increasing customer traffic, to return to profitable growth” stated Shane Evangelist.
Key Stats (on next page)…
Revenue decreased 13.98% from $73.01 million in the previous quarter. EPS decreased to $-0.99 in the quarter versus EPS of $-0.09 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.03 to a loss $0.02. For the current year, the average estimate is a loss of $0.23, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)