We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Countdown to Advance Auto Parts (AAP) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Read MoreHide Full Article
Analysts on Wall Street project that Advance Auto Parts (AAP - Free Report) will announce quarterly loss of $0.82 per share in its forthcoming report, representing a decline of 222.4% year over year. Revenues are projected to reach $2.5 billion, declining 26.6% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 3.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Advance Auto Parts metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Number of stores (Retail) - Total' will reach 4,452. Compared to the current estimate, the company reported 5,097 in the same quarter of the previous year.
The average prediction of analysts places 'Number of stores - AAP' at 4,174. The estimate is in contrast to the year-ago figure of 4,483.
The consensus estimate for 'Number of stores opened' stands at 4. Compared to the current estimate, the company reported 7 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Number of stores - CARQUEST' should arrive at 277. The estimate is in contrast to the year-ago figure of 294.
Advance Auto Parts shares have witnessed a change of +9.9% in the past month, in contrast to the Zacks S&P 500 composite's +13.1% move. With a Zacks Rank #1 (Strong Buy), AAP is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Countdown to Advance Auto Parts (AAP) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Analysts on Wall Street project that Advance Auto Parts (AAP - Free Report) will announce quarterly loss of $0.82 per share in its forthcoming report, representing a decline of 222.4% year over year. Revenues are projected to reach $2.5 billion, declining 26.6% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 3.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Advance Auto Parts metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Number of stores (Retail) - Total' will reach 4,452. Compared to the current estimate, the company reported 5,097 in the same quarter of the previous year.
The average prediction of analysts places 'Number of stores - AAP' at 4,174. The estimate is in contrast to the year-ago figure of 4,483.
The consensus estimate for 'Number of stores opened' stands at 4. Compared to the current estimate, the company reported 7 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Number of stores - CARQUEST' should arrive at 277. The estimate is in contrast to the year-ago figure of 294.
View all Key Company Metrics for Advance Auto Parts here>>>
Advance Auto Parts shares have witnessed a change of +9.9% in the past month, in contrast to the Zacks S&P 500 composite's +13.1% move. With a Zacks Rank #1 (Strong Buy), AAP is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>