Auto Parts

U.S. Auto Parts (PRTS) Reports Q1 Loss, Misses Revenue Estimates

2 Mins read

U.S. Auto Parts (PRTS) came out with a quarterly loss of $0.10 in keeping with a percentage instead of the Zacks Consensus Estimate of a lack of $zero.05. This compares to income of $0.02 per share 12 months ago. These

figures are adjusted for non-ordinary gadgets.

This quarterly report represents a profits wonder of -100%. A quarter ago, it was expected that this online auto parts store could put up a lack of $0.01 consistent with share, while it certainly produced a $zero—thirteen loss, delivering a surprise of -1,200%. Over the ultimate four quarters, the organization has surpassed consensus EPS estimates 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 once over the last four quarters. The sustainability of the stock’s immediate fee motion based on the recently-released numbers and destiny earnings expectations will rely upon management’s statement on the earnings call. U.S. Auto Parts shares have introduced approximately nine.9%, given the start of the 12 months versus the S&P 500’s advantage of 14.9%.

Auto Parts

What’s Next for U.S. Auto Parts? While U.S. Auto Parts has underperformed the market 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, the agency’s profit outlook is one reliable measure that can help investors cope with that. Not most effective does this include current consensus profits expectations for the approaching area(s) and how those expectancies have changed. Empirical studies show a strong correlation between near-time period stock movements and tendencies in income estimate revisions. Investors can tune such modifications with their aid of themselves or depend upon an attempted-and-examined score device just like the Zacks Rank, which has an excellent tune document for harnessing the strength of profits estimate revisions. Ahead of this earnings release, the estimate revisions trend for U.S. Auto Parts has 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 consistently with the marketplace soon. You can see the list of the latest Zacks #1 Rank (Strong Buy) shares here.

It might be thrilling to see how estimates for the coming quarters and cutting-edge economic yr alternate within the days beforehand. The contemporary consensus EPS estimate -$zero.03 on $ seventy-seven. Seventy-four million in sales for the coming quarter and -$0.14 on $292.14 million for the cutting-edge fiscal 12 months. Investors have to consider that the outlook for the industry will have a fabric impact on the stock’s performance as well. Regarding 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 greater than 2 to 1. Want state-of-the-art pointers from Zacks Investment Research? Today, you may download 7 Best Stocks for the Next 30 Days. Click to get this loose document.nt

402 posts

About author
I am interested in automobiles, cars. I love driving and always try to drive better to improve the cars. I started this blog to share my knowledge of automobiles with others. I hope to make this blog useful for both newbies and experts. I am also working with some good friends to get a new car and modify it. We are looking forward to sharing the process.
    Related posts
    Auto Parts

    Preferred Airparts: Great For Your Business

    4 Mins read
    In the current business environment, companies that do not stick to their budgets and try new strategies and methods for garnering more…
    Auto Parts

    What To Look for When Buying Used Auto Parts

    4 Mins read
    You can find some used auto parts online for sale, but the real question is whether you should buy them. Many people…
    Auto Parts

    Sibar Auto Parts Ltd. - Board Meeting Intimation for Allotment Of 9,25,000 Equity Shares Of Face Value Rs. 10/- Each Upon Conversion Of Convertible Warrants Allotted On Preferential Basis To Promoter And Non-Promoter Category Of The Company

    1 Mins read
    SABAR AUTO PARTS LTD.Has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/03/2019, among…