U.S. Auto Parts (PRTS) Reports Q1 Loss, Misses Revenue Estimates
U.S. Auto Parts (PRTS) came out with a quarterly loss of $0.10 in keeping with percentage as opposed to the Zacks Consensus Estimate of a lack of $zero.05. This compares to income of $0.02 per share a 12 months ago. These figures are adjusted for non-ordinary gadgets.
This quarterly report represents a profits wonder of -100%. A quarter ago, it turned into expected that this online auto parts store could put up a lack of $0.01 consistent with share whilst it certainly produced a loss of $zero.Thirteen, delivering a surprise of -1,200%.
Over the ultimate four quarters, the organization has surpassed consensus EPS estimates just once.
U.S. Auto Parts, which belongs to the Zacks Automotive – Retail and Wholesale – Parts industry, published sales of $74.Seventy-four million for the zone ended March 2019, lacking the Zacks Consensus Estimate with the aid of three.69%. This compares to 12 months in the past sales of $seventy eight.39 million. The enterprise has topped consensus sales estimates simply once over the last 4 quarters.
The sustainability of the stock’s immediately fee motion based totally on the recently-released numbers and destiny earnings expectations will basically rely upon management’s statement on the earnings call.
U.S. Auto Parts shares have introduced approximately nine.9% given that the start of the 12 months versus the S&P 500’s advantage of 14.9%.
What’s Next for U.S. Auto Parts?
While U.S. Auto Parts has underperformed the market up to now this yr, the question that involves traders’ minds is: what’s subsequent for the stock?
There are not any easy answers to this key question, however, one reliable measure which can assist investors to cope with that is the agency’s profits outlook. Not most effective does this include current consensus profits expectations for the approaching area(s), however additionally how those expectancies have changed currently.
Empirical studies show a strong correlation among near-time period stock movements and tendencies in income estimate revisions. Investors can tune such revisions with the aid of themselves or depend upon an attempted-and-examined score device just like the Zacks Rank, which has an excellent tune document of harnessing the strength of profits estimate revisions.
Ahead of this earnings release, the estimate revisions trend for U.S. Auto Parts become blended. While the importance and course of estimate revisions ought to trade following the agency’s just-launched earnings file, the contemporary fame interprets into a Zacks Rank #3 (Hold) for the inventory. So, the stocks are expected to perform consistent with the marketplace within the near future. You can see the whole list of latest Zacks #1 Rank (Strong Buy) shares right here.
It might be thrilling to look how estimates for the coming quarters and cutting-edge economic yr alternate within the days beforehand. The contemporary consensus EPS estimate is -$zero.03 on $seventy seven.74 million in sales for the coming quarter and -$0.14 on $292.14 million in sales for the cutting-edge fiscal 12 months.
Investors have to take into account the truth that the outlook for the industry will have a fabric impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive – Retail and Wholesale – Parts is presently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the lowest 50% via an issue of greater than 2 to 1.
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