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Advance Auto Parts' (AAP) Q4 Earnings Beat Estimate
Advance Auto Parts Inc. (AAP - Free Report) , the leading provider of automotive aftermarket parts, reported fourth-quarter 2017 results, wherein adjusted earnings of cents per share of 77 cents surpassed the Zacks Consensus Estimate of 65 cents.
Revenue
Advance Auto Parts posted revenues of $2.04 billion, beating the Zacks Consensus Estimate of $2.02 billion. Revenues in the year-ago quarter were $2.08 billion.
Earnings Estimates Revision
Before posting a beat in Q4, 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 4.5% 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 Dec 30, 2017, Advance Auto Parts operated 5,074 stores and 129 Worldpac branches and served approximately 1,218 independently owned Carquest stores.
Zacks Rank
Currently, Advance Auto Parts carries a Zacks Rank #2 (Buy) 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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