Why U.S. Auto Parts (PRTS) Could Be Positioned for a Surge?

Zacks Equity Research
March 20, 2014

U.S. Auto Parts Network, Inc. (PRTS) is an automotive parts providing company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
 
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on PRTS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that U.S. Auto Parts could be a solid choice for investors.
 
Current Quarter Estimates for PRTS
 
In the past 30 days, 1 estimate has gone higher for U.S. Auto Parts with no downward revision in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 9 cents a share 30 days ago, to a loss of 5 cents a share today, a move of 44.4%.
 
Current Year Estimates for PTRS
 
Meanwhile, U.S. Auto Parts’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 27 cents per share 30 days ago to a loss of 15 cents per share today, an increase of 44.4%.
 
Bottom Line
 
The stock has also started to move higher lately, adding 60.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>




US AUTO PARTS NETWORK INC (PRTS): Free Stock Analysis Report


Zacks Investment Research