We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Advance Auto Parts (AAP) Beats on Q3 Earnings, Revenues Miss
Read MoreHide Full Article
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.
Revenue
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.
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.
Check back later for our full write up on Advance Auto Parts earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Advance Auto Parts (AAP) Beats on Q3 Earnings, Revenues Miss
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.
Revenue
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.
Advance Auto Parts Inc Price and EPS Surprise
Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote
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.
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!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>