Advance Auto Parts Inc. (AAP - Free Report) 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. It is the largest automotive parts provider in North America, serving the “do-it-yourself” or “DIY”, and “do-it-for me” or “DIFM” (or Commercial) customers.
Let’s take a quick look at this U.S.-based automotive aftermarket company’s first-quarter release.
Estimate Trend & Surprise History
Investors should note that prior to its second-quarter earnings release, Zacks Consensus Estimate is showing a declining trend in the last one month.
Last quarter, the company delivered a negative earnings surprise of 24.5%. In fact, in three of the trailing four quarters, the company recorded earnings miss and on one occasion, it beat the estimate. The average surprise in the trailing 12 months came in at negative 10.8%.
Earnings
Advance Auto Parts raked in adjusted earnings of $1.58 per share that missed the Zacks Consensus Estimate of $1.65. Adjusted earnings were lower than $1.90 recorded in the year-ago quarter.
Revenues
Advance Auto Parts logged revenues of $2.26 billion, almost in line with the Zacks Consensus Estimate. Revenues were slightly higher than the year-ago quarter figure.
Key Stats/Developments to Note
As of Jul 15, 2017, Advance Auto Parts operated 5,073 stores and 131 Worldpac branches and served approximately 1,250 independently owned Carquest stores.
Zacks Rank
Advance Auto Parts currently has a Zacks Rank #5 (Strong Sell). 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 earning report!
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Advance Auto Parts Inc. (AAP - Free Report) 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. It is the largest automotive parts provider in North America, serving the “do-it-yourself” or “DIY”, and “do-it-for me” or “DIFM” (or Commercial) customers.
Let’s take a quick look at this U.S.-based automotive aftermarket company’s first-quarter release.
Estimate Trend & Surprise History
Investors should note that prior to its second-quarter earnings release, Zacks Consensus Estimate is showing a declining trend in the last one month.
Last quarter, the company delivered a negative earnings surprise of 24.5%. In fact, in three of the trailing four quarters, the company recorded earnings miss and on one occasion, it beat the estimate. The average surprise in the trailing 12 months came in at negative 10.8%.
Earnings
Advance Auto Parts raked in adjusted earnings of $1.58 per share that missed the Zacks Consensus Estimate of $1.65. Adjusted earnings were lower than $1.90 recorded in the year-ago quarter.
Revenues
Advance Auto Parts logged revenues of $2.26 billion, almost in line with the Zacks Consensus Estimate. Revenues were slightly higher than the year-ago quarter figure.
Key Stats/Developments to Note
As of Jul 15, 2017, Advance Auto Parts operated 5,073 stores and 131 Worldpac branches and served approximately 1,250 independently owned Carquest stores.
Zacks Rank
Advance Auto Parts currently has a Zacks Rank #5 (Strong Sell). 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 earning report!
Zacks’ 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
Learn the secret >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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