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Countdown to Advance Auto Parts (AAP) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
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The upcoming report from Advance Auto Parts (AAP - Free Report) is expected to reveal quarterly earnings of $0.38 per share, indicating an increase of 272.7% compared to the year-ago period. Analysts forecast revenues of $2.55 billion, representing a decline of 1.1% year over year.
Over the last 30 days, there has been an upward revision of 2.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
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.
The average prediction of analysts places 'Number of stores (Retail) - Total' at 4,317 . The estimate compares to the year-ago value of 4,285 .
It is projected by analysts that the 'Number of stores - AAP' will reach 4,077 . The estimate compares to the year-ago value of 4,050 .
Analysts predict that the 'Number of stores opened' will reach 13 . The estimate compares to the year-ago value of 10 .
The collective assessment of analysts points to an estimated 'Number of stores - CARQUEST' of 241 . Compared to the present estimate, the company reported 235 in the same quarter last year.
Over the past month, shares of Advance Auto Parts have returned -18% versus the Zacks S&P 500 composite's +5.6% change. Currently, AAP carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Advance Auto Parts (AAP) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
The upcoming report from Advance Auto Parts (AAP - Free Report) is expected to reveal quarterly earnings of $0.38 per share, indicating an increase of 272.7% compared to the year-ago period. Analysts forecast revenues of $2.55 billion, representing a decline of 1.1% year over year.
Over the last 30 days, there has been an upward revision of 2.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
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.
The average prediction of analysts places 'Number of stores (Retail) - Total' at 4,317 . The estimate compares to the year-ago value of 4,285 .
It is projected by analysts that the 'Number of stores - AAP' will reach 4,077 . The estimate compares to the year-ago value of 4,050 .
Analysts predict that the 'Number of stores opened' will reach 13 . The estimate compares to the year-ago value of 10 .
The collective assessment of analysts points to an estimated 'Number of stores - CARQUEST' of 241 . Compared to the present estimate, the company reported 235 in the same quarter last year.
View all Key Company Metrics for Advance Auto Parts here>>>Over the past month, shares of Advance Auto Parts have returned -18% versus the Zacks S&P 500 composite's +5.6% change. Currently, AAP carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .