Advance Auto Parts Inc. (AAP - 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
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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Advance Auto Parts Inc. (AAP - 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
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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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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