Advance Auto Parts (AAP) is slated to release fourth-quarter 2023 results on Feb 28, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) and revenues is pegged at 24 cents and $2.47 billion, respectively.For the fourth quarter, the consensus estimate for AAP’s EPS has moved down 11 cents in the past 90 days. The bottom-line estimate implies a deterioration of 91.7% from the year-ago reported number. The Zacks Consensus Estimate for its quarterly revenue ...

In its upcoming report, Advance Auto Parts (AAP) is predicted by Wall Street analysts to post quarterly earnings of $0.24 per share, reflecting a decline of 91.7% compared to the same period last year. Revenues are forecasted to be $2.47 billion, representing a year-over-year decrease of 0.2%.The consensus EPS estimate for the quarter has undergone a downward revision of 11.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their ...

Core Viewpoint - Advance Auto Parts (AAP) is experiencing a decline in stock price and is expected to report significantly lower earnings in the upcoming earnings release, indicating potential challenges ahead for the company [1][2]. Company Performance - The stock closed at $61.17, reflecting a -1.04% change from the previous trading day, which is less than the S&P 500's daily gain of 0.13% [1]. - Over the past month, shares of Advance Auto Parts have decreased by 6.46%, underperforming the Retail-Wholesale sector's gain of 4.57% and the S&P 500's gain of 2.99% [1]. Upcoming Earnings - The earnings report is expected on February 28, 2024, with analysts predicting earnings of $0.24 per share, representing a year-over-year decline of 91.67% [1]. - Revenue is estimated to be $2.47 billion, indicating a 0.2% decrease compared to the same quarter of the previous year [1]. Analyst Estimates - Recent changes to analyst estimates for Advance Auto Parts indicate a decrease of 2.98% in the Zacks Consensus EPS estimate over the last 30 days [2]. - The company currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook from analysts [2]. Valuation Metrics - Advance Auto Parts has a Forward P/E ratio of 16.46, which is lower than the industry average of 24.56, indicating it is trading at a discount [3]. - The company has a PEG ratio of 1.18, compared to the industry average PEG ratio of 1.49, suggesting a more favorable valuation relative to expected earnings growth [3]. Industry Context - The Automotive - Retail and Wholesale - Parts industry is ranked 185 in the Zacks Industry Rank, placing it within the bottom 27% of over 250 industries [3]. - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the competitive landscape within the sector [4].

RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its fourth quarter and full year 2023 results before the market opens on Wednesday, February 28, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, February 28, 2024. The webcast will be accessible via the company’s Investor ...

Customers who visit their local Advance Auto Parts store on National Battery Day, Sunday, February 18, may be randomly selected to receive a free DieHard auto battery. (Photo: Business Wire)Customers who visit their local Advance Auto Parts store on National Battery Day, Sunday, February 18, may be randomly selected to receive a free DieHard auto battery. (Photo: Business Wire)RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts provider, is jump-starting mo ...

Advance Auto Parts (AAP) closed the latest trading day at $66.37, indicating a +1.9% change from the previous session's end. This change outpaced the S&P 500's 0.23% gain on the day. On the other hand, the Dow registered a gain of 0.37%, and the technology-centric Nasdaq increased by 0.07%.Coming into today, shares of the auto parts retailer had gained 5.2% in the past month. In that same time, the Retail-Wholesale sector gained 6.9%, while the S&P 500 gained 5.3%.The upcoming earnings release of Advance Au ...

RALEIGH, N.C.--(BUSINESS WIRE)--Nonprofit organizations providing employment support for women veterans, custom designed homes for injured veterans and frontline support for veterans at risk for suicide are among the recent recipients of gifts announced by the Advance Auto Parts Foundation (AAPF). Totaling $1.75 million, the gifts were made possible by donations to the foundation by more than 100 Advance Auto Parts supplier partners. This is the second year AAPF has made gifts to Hire Heroes USA of Alphare ...

The most recent trading session ended with Advance Auto Parts (AAP) standing at $67.25, reflecting a +0.43% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.The auto parts retailer's shares have seen an increase of 9.72% over the last month, surpassing the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36%. ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Advance Auto Parts, Inc. (AAP) is an auto parts company. The Zacks Consensus Estimate for its current year earnings has been revised 21.3% downward over the last 60 days.Algoma Steel Group Inc. (ASTL) is a steel manufacturing company. The Zacks Consensus Estimate for its current year earnings has been revised 6.3% downward over the last 60 days.Banner Corporation (BANR) is a bank holding company for Banner Bank. The Zacks Consensus Es ...

In the latest market close, Advance Auto Parts (AAP) reached $61.30, with a -1.81% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.02%.Coming into today, shares of the auto parts retailer had lost 2.41% in the past month. In that same time, the Retail-Wholesale sector gained 4.89%, while the S&P 500 gained 3.52%.Investors will be eagerly watching ...