Advertisement
Canada markets closed

  • S&P/TSX

    24,102.71
    -60.12 (-0.25%)
     

  • S&P 500

    5,695.94
    -55.13 (-0.96%)
     

  • DOW

    41,954.24
    -398.51 (-0.94%)
     

  • CAD/USD

    0.7340
    -0.0002 (-0.03%)
     

  • CRUDE OIL

    77.59
    +0.45 (+0.58%)
     

  • Bitcoin CAD

    85,196.92
    -188.81 (-0.22%)
     

  • XRP CAD

    0.73
    -0.00 (-0.03%)
     

  • GOLD FUTURES

    2,663.00
    -3.00 (-0.11%)
     

  • RUSSELL 2000

    2,193.09
    -19.71 (-0.89%)
     

  • 10-Yr Bond

    4.0260
    +0.0450 (+1.13%)
     

  • NASDAQ futures

    19,970.50
    -22.25 (-0.11%)
     

  • VOLATILITY

    22.64
    +3.43 (+17.86%)
     

  • FTSE

    8,303.62
    +22.99 (+0.28%)
     

  • NIKKEI 225

    39,332.74
    +697.12 (+1.80%)
     

  • CAD/EUR

    0.6684
    -0.0004 (-0.06%)
     

Advance Auto Parts (AAP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2 min read

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 determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Advance Auto Parts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Comparable store sales - YoY change: -0.2% compared to the 0.2% average estimate based on nine analysts.

  • Number of stores (Retail) - Total: 5,097 versus the three-analyst average estimate of 5,516.

  • Number of stores - WORLDPAC: 320 compared to the 323 average estimate based on three analysts.

  • Number of stores - AAP: 4,483 compared to the 4,494 average estimate based on three analysts.

  • Number of stores opened: 7 versus the two-analyst average estimate of 5.

  • Number of stores (BOP): 5,107 versus 5,107 estimated by two analysts on average.

  • Number of stores - CARQUEST: 294 versus the two-analyst average estimate of 299.

View all Key Company Metrics for Advance Auto Parts here>>>

Shares of Advance Auto Parts have returned -3.8% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research