Advance Auto Parts Inc 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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