Advance Auto Parts Inc. (AAP - Free Report) , the leading provider of automotive aftermarket parts, reported third-quarter 2017 results, wherein adjusted earnings of cents per share of $1.43 surpassed the Zacks Consensus Estimate of $1.22.
Advance Auto Parts posted revenues of $2.18 billion, missing the Zacks Consensus Estimate of $2.21 billion.
Earnings Estimates Revision
The Zacks Consensus Estimate for third quarter earnings has declined 2.4% to $1.22 over the past 30 days.
Before posting a beat in Q3, 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 9.1% in the trailing four quarters.
Key Stats/Developments to Note
As of Oct 7, 2017, Advance Auto Parts operated 5,074 stores and 129 Worldpac branches and served approximately 1,250 independently owned Carquest stores.
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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