Advance Auto Parts Inc. (AAP Quick QuoteAAP - Free Report) , the leading provider of automotive aftermarket parts, reported first-quarter 2018 results, wherein adjusted earnings of $2.10 per share surpassed the Zacks Consensus Estimate of $1.98.

Revenue

Advance Auto Parts posted revenues of $2.87 billion, missing the Zacks Consensus Estimate of $2.91 billion. Revenues in the year-ago quarter were $2.89 billion.

Earnings Estimates Revision

In the trailing four quarters, the company beat estimates twice and missed twice with an average beat of 2.2%.

Advance Auto Parts, Inc. Price and EPS Surprise

Advance Auto Parts, Inc. Price and EPS Surprise | Advance Auto Parts, Inc. Quote

The stock has not seen the Zacks Consensus Estimate for annual or quarterly earnings being revised over the last 30 days.

Key Stats/Developments to Note

As of Apr 21, 2018, Advance Auto Parts operated 5,044 stores and 131 Worldpac branches and served approximately 1,225 independently-owned Carquest stores.

Zacks Rank

Currently, Advance Auto Parts carries a Zacks Rank #3 (Hold) 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!

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