Published on 27 Feb 2024 on Zacks via Yahoo Finance
Advance Auto (AAP) to Report Q4 Earnings: What's in Store?
Advance Auto Parts AAP is slated to release fourth-quarter 2023 results on Feb 28, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) and revenues is pegged at 24 cents and $2.47 billion, respectively.For the fourth quarter, the consensus estimate for AAP’s EPS has moved down 11 cents in the past 90 days. The bottom-line estimate implies a deterioration of 91.7% from the year-ago reported number. The Zacks Consensus Estimate for its quarterly revenues indicates a year-over-year decline of 0.20%.AAP's earnings surpassed estimates in one of the trailing four quarters and missed in the other three, delivering an average negative surprise of 56.86%. This is depicted in the graph below.
Advance Auto Parts, Inc. Price and EPS Surprise
