U.S. Auto Parts Network (PRTS) Tops Q3 EPS by 2c, Offers Outlook

U.S. Auto Parts Network (NASDAQ: PRTS) reported Q3 EPS of $0.00, $0.02 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $70.6 million versus the consensus estimate of $70.88 million.

2015 & 2016 Outlook

U.S. Auto Parts reaffirms its previously disclosed 2015 revenue outlook, expecting sales to increase by single digits on a percentage basis compared to 2014. The company also expects 2015 Adjusted EBITDA to range between $9-10 million, up from $8.1 million in 2014.

For 2016, U.S. Auto Parts expects revenues to be up low to mid-single digits on a percentage basis compared to 2015, and adjusted EBITDA to range between $11.5-14.0 million, or up 25%-50%. The company also expects private label sales to continue increasing by double-digits year-over-year.

We expect a similar rate of growth in our Adjusted EBITDA margins in 2017 over 2016 that we are experiencing this year over 2014.

For earnings history and earnings-related data on U.S. Auto Parts Network (PRTS) click here.

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