Countdown to Advance Auto Parts (AAP) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Viewpoint - Analysts project that Advance Auto Parts (AAP) will report a quarterly loss of $0.82 per share, a decline of 222.4% year over year, with revenues expected to reach $2.5 billion, down 26.6% from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been revised 3.6% lower over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Key Metrics Projections - Analysts predict the total number of retail stores for AAP will reach 4,452, down from 5,097 in the same quarter last year [5]. - The average estimate for the number of AAP stores is 4,174, compared to 4,483 a year ago [5]. - The consensus estimate for the number of stores opened is 4, a decrease from 7 in the same quarter last year [5]. - For CARQUEST, the estimated number of stores is 277, down from 294 a year ago [6]. Stock Performance - AAP shares have increased by 9.9% in the past month, while the Zacks S&P 500 composite has risen by 13.1% [7]. - AAP holds a Zacks Rank 1 (Strong Buy), indicating expectations of outperforming the overall market in the near term [7].