Advance Auto Parts Inc reports results for the quarter - Earnings Summary

Reuters
15 Nov 2024
<a href="https://laohu8.com/S/AAP">Advance Auto Parts Inc</a> reports results for the quarter - Earnings Summary
  • Advance Auto Parts Inc AAP.N reported a quarterly adjusted loss of 4 cents​​ per share for the quarter , higher than the same quarter last year, when the company reported EPS of -82 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 4 cents to 77 cents per share.

  • Revenue fell 21% to $2.15 billion from a year ago; analysts expected $2.65 billion.

  • Advance Auto Parts Inc's reported EPS for the quarter was a loss of 10 cents​.

  • The company reported a quarterly loss of $6.01 million.

  • Advance Auto Parts Inc shares had risen by 5.0% this quarter and lost 32.9% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 61.3% in the last three months.​

  • In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 22 "hold" and 4 "sell" or "strong sell."

  • The average consensus recommendation for the auto vehicles, parts & service retailers peer group is also "hold"

Wall Street's median 12-month price target for Advance Auto Parts Inc is $44.50

This summary was machine generated from LSEG data November 14 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Sep. 30 2024

0.49

-0.04

Missed

Jun. 30 2024

0.94

0.75

Missed

Mar. 31 2024

0.68

0.67

Missed

Dec. 31 2023

0.22

-0.59

Missed

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