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Advance Auto Soars on High Volume

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May 19, 2009 |Comments: 0
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AAP

Shares of Advance Auto Parts Inc. (AAP) advanced over 3% today on slightly higher volume of 2.7 million, compared with the daily average of 2.3 million.

Advance Auto is scheduled to report its first-quarter results tomorrow. Analysts are expecting the company to earn a profit of 90 cents per share.

The company posted EPS of 51 cents in its last quarter, topping estimates by an average of 37.84%.

Meanwhile, 3 analysts out of 17 raised projections, sending the 2009 consensus estimate up a penny to $2.81 per share in the past month.

Advance Auto is a Zacks #2 Rank ("Buy") stock.

Read the full analyst report on AAP

 
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