The upcoming report from Advance Auto Parts (AAP) is expected to reveal quarterly earnings of $1 per share, indicating a decline of 30.1% compared to the year-ago period. Analysts forecast revenues of $2.68 billion, representing a decrease of 0.3% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a comp ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Advance Auto Parts (AAP) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 22, 2024, might help the stock move higher if these key numbers are better than e ...

OKLAHOMA CITY, July 12, 2024 (GLOBE NEWSWIRE) -- Murphy Law Firm is investigating claims on behalf of all individuals whose personal and confidential information was compromised in the data breach involving Advance Auto Parts. On May 23, 2024, Advance Auto Parts detected suspicious activity on its computer network, indicating a data breach. Based on a subsequent forensic investigation, Advance Auto Parts determined that cybercriminals infiltrated its inadequately secured computer systems and thereby gained ...

A month has gone by since the last earnings report for Advance Auto Parts (AAP) . Shares have lost about 6.4% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Advance Auto Parts due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Advance Auto Q1 Earnings Miss Estimates ...

RiverNorthPhotography Thesis In today's top-heavy, tech-driven market, investors continue to chase the "shiny new object." For long-term investors, this sentiment has created attractive opportunities beneath the surface, leading to many "boring" companies being overlooked. One of those "off the beaten path" companies is Advance Auto Parts (NYSE:AAP). Shares of AAP have fallen by over 70% since all-time highs in 2021, largely, in my opinion, due to years of mismanagement and a flawed strategy of increa ...

Try to keep a healthy dose of skepticism -- but these two companies could be on the brink of shocking investors.Long-term investing requires optimism. This is why investing in turnaround opportunities is intrinsically dangerous. The danger to investors is the failure to properly assess the risks because they look at the opportunity through rose-colored glasses. Their optimism emphasizes the good possibilities instead of the bad ones and makes it harder to develop a balanced assessment.Businesses sometimes p ...

Advance Auto Parts, Inc. (AAP) reported adjusted earnings of 67 cents per share for first-quarter 2024, which missed the Zacks Consensus Estimate of 69 cents. The company reported an adjusted earnings per share (EPS) of 72 cents in the year-ago quarter.Advance Auto generated net revenues of $3.41 billion, which missed the Zacks Consensus Estimate of $3.43 billion on lower-than-expected comparable store sales. Comparable store sales decreased 0.2% year over year. We projected a rise of 0.7% for the same. The ...

The company isn't turning it around fast enough for investors.Auto parts retailer Advance Auto Parts (AAP -9.69%) is (hopefully) in the middle of a turnaround. But it's apparent that the turnaround isn't done yet.The company just reported financial results for its fiscal first quarter, which ended on April 20, and they were below investor expectations. Consequently, Advance Auto Parts stock was down 6% as of 11 a.m. ET on Wednesday.Still a business that needs workIn August 2023, Advance Auto Parts hired Sha ...

Advance Auto Parts, Inc. (NYSE:AAP) Q1 2024 Earnings Call Transcript May 29, 2024 8:00 AM ET Company Participants Elisabeth Eisleben - SVP, Communications and IR Shane O'Kelly - President and CEO Ryan Grimsland - EVP and CFO Tony Iskander - Treasurer Conference Call Participants Bret Jordan - Jefferies Michael Lasser - UBS Simeon Gutman - Morgan Stanley Greg Melich - Evercore ISI Scot Ciccarelli - Truist Christian Carlino - JPMorgan Zach Fadem - Wells Fargo Aaron Reed - Northcoast Research Rene Marin - Gugg ...

Advance Auto Parts (AAP) reported $3.41 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.3%. EPS of $0.67 for the same period compares to $0.72 a year ago.The reported revenue represents a surprise of -0.79% over the Zacks Consensus Estimate of $3.43 billion. With the consensus EPS estimate being $0.69, the EPS surprise was -2.90%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...