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Advance Auto Parts' (AAP) Q4 Earnings Beat Estimate
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Advance Auto Parts Inc. (AAP - Free Report) , the leading provider of automotive aftermarket parts, reported fourth-quarter 2017 results, wherein adjusted earnings of cents per share of 77 cents surpassed the Zacks Consensus Estimate of 65 cents.
Revenue
Advance Auto Parts posted revenues of $2.04 billion, beating the Zacks Consensus Estimate of $2.02 billion. Revenues in the year-ago quarter were $2.08 billion.
Earnings Estimates Revision
Before posting a beat in Q4, the company delivered negative surprise in three out of prior four quarters and beat in the other occasion.
Overall, the company missed the Zacks Consensus Estimate by an average of 4.5% in the trailing four quarters.
As of Dec 30, 2017, Advance Auto Parts operated 5,074 stores and 129 Worldpac branches and served approximately 1,218 independently owned Carquest stores.
Check back later for our full write up on Advance Auto Parts earnings report!
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Advance Auto Parts' (AAP) Q4 Earnings Beat Estimate
Advance Auto Parts Inc. (AAP - Free Report) , the leading provider of automotive aftermarket parts, reported fourth-quarter 2017 results, wherein adjusted earnings of cents per share of 77 cents surpassed the Zacks Consensus Estimate of 65 cents.
Revenue
Advance Auto Parts posted revenues of $2.04 billion, beating the Zacks Consensus Estimate of $2.02 billion. Revenues in the year-ago quarter were $2.08 billion.
Earnings Estimates Revision
Before posting a beat in Q4, the company delivered negative surprise in three out of prior four quarters and beat in the other occasion.
Overall, the company missed the Zacks Consensus Estimate by an average of 4.5% in the trailing four quarters.
Advance Auto Parts, Inc. Price and EPS Surprise
Advance Auto Parts, Inc. Price and EPS Surprise | Advance Auto Parts, Inc. Quote
Key Stats/Developments to Note
As of Dec 30, 2017, Advance Auto Parts operated 5,074 stores and 129 Worldpac branches and served approximately 1,218 independently owned Carquest stores.
Zacks Rank
Currently, Advance Auto Parts carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Advance Auto Parts earnings report!
Today’s Stocks from Zacks’ Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>