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Advance Auto Parts (AAP) Q4 Earnings Trail Estimates
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Advance Auto Parts Inc. (AAP - Free Report) is the largest automotive parts provider in North America, serving the “do-it-yourself” or “DIY”, and “do-it-for me” or “DIFM” customers. It operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks.
Advance Auto Parts enhances profits through its relentless focus on store expansion. The company is poised to benefit as the auto industry continues to show stability with the increasing average age of vehicles, along with a rise in the number of miles driven.
Let’s take a quick look at the company’s fourth-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Advance Auto Parts for the fourth quarter has remained stable over the last month.
The company has delivered mixed earnings surprises. It has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters and missed in 2, with an average negative surprise of around 3.31%.
Advance Auto Parts reported adjusted earnings of $1.00 per share, which missed the Zacks Consensus Estimate of $1.09. Adjusted earnings also decreased 18% from $1.22 recorded in the year-ago quarter.
Revenues
Advance Auto Parts logged revenues of $2.08 billion, surpassing the Zacks Consensus Estimate of $2.01 billion. Revenues increased year over year from $2.03 billion posted a year-ago quarter.
Key Stats/Developments to Note
Advance Auto Parts enhances profits through its relentless focus on store expansion. As of Dec 31, 2016, the company’s total store count was 5,062, including 127 Worldpac branches. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of that date.
Zacks Rank
Advance Auto Parts currently has a Zacks Rank #2 (Buy), but that could change following its earnings report which was just released.
Market Reaction
Advance Auto Parts’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Advance Auto Parts’ earnings report!
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Advance Auto Parts (AAP) Q4 Earnings Trail Estimates
Advance Auto Parts Inc. (AAP - Free Report) is the largest automotive parts provider in North America, serving the “do-it-yourself” or “DIY”, and “do-it-for me” or “DIFM” customers. It operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks.
Advance Auto Parts enhances profits through its relentless focus on store expansion. The company is poised to benefit as the auto industry continues to show stability with the increasing average age of vehicles, along with a rise in the number of miles driven.
Let’s take a quick look at the company’s fourth-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Advance Auto Parts for the fourth quarter has remained stable over the last month.
The company has delivered mixed earnings surprises. It has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters and missed in 2, with an average negative surprise of around 3.31%.
Advance Auto Parts Inc Price and EPS Surprise
Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote
Earnings
Advance Auto Parts reported adjusted earnings of $1.00 per share, which missed the Zacks Consensus Estimate of $1.09. Adjusted earnings also decreased 18% from $1.22 recorded in the year-ago quarter.
Revenues
Advance Auto Parts logged revenues of $2.08 billion, surpassing the Zacks Consensus Estimate of $2.01 billion. Revenues increased year over year from $2.03 billion posted a year-ago quarter.
Key Stats/Developments to Note
Advance Auto Parts enhances profits through its relentless focus on store expansion. As of Dec 31, 2016, the company’s total store count was 5,062, including 127 Worldpac branches. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of that date.
Zacks Rank
Advance Auto Parts currently has a Zacks Rank #2 (Buy), but that could change following its earnings report which was just released.
Market Reaction
Advance Auto Parts’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Advance Auto Parts’ earnings report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank.See the 2017 Top 10 right now>>