What Analyst Projections for Key Metrics Reveal About Advance Auto Parts (AAP) Q4 Earnings

Core Insights - Analysts expect Advance Auto Parts (AAP) to report a quarterly loss of $1.39 per share, reflecting a year-over-year decline of 135.6$1.92 billion, down 22.1% from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, indicating stability in analysts' assessments [1] Earnings Estimates and Market Reactions - Changes in earnings estimates are crucial for predicting investor reactions to stock performance [2] - Empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [2] Key Metrics Projections - Analysts forecast the total number of retail stores for AAP to reach 4,721, down from 5,107 a year ago [4] - The number of stores opened is projected to be 5, a decrease from 10 in the same quarter last year [4] - The estimated number of stores for AAP is 4,452, slightly down from 4,484 year-over-year [4] - For BOP, the number of stores is expected to be 4,781, down from 5,105 in the previous year [5] - The number of stores for CARQUEST is projected at 287, compared to 302 a year ago [5] Stock Performance - Over the past month, AAP shares have declined by 10.3%, while the Zacks S&P 500 composite has decreased by only 0.5% [6] - AAP holds a Zacks Rank of 3 (Hold), suggesting its performance may align with the overall market in the near term [6]