Categories Analysis, Industrials

Earnings Preview: Can Advance Auto Parts surprise in Q3 as well?

Auto accessories retail giant Advance Auto Parts, Inc. (AAP) is set to report third-quarter 2018 results before the opening bell on Nov 13, Tuesday. The Street estimates $1.75-a-share earnings on revenue of $2.23 billion.

The company has been beating earnings estimates for the past four quarters, and the consensus is that it would continue to do so this time as well.

The aftermarket auto parts supplier posted better-than-expected results in second-quarter, beating both top-line and bottom-line analysts’ estimates. On an adjusted basis, the company posted a 24.7% jump in earnings of $1.97 per share, while GAAP EPS soared 35.9% to $1.59. The stock jumped on the news then.

Advance Auto Parts second quarter 2018 earnings

In the past three months, Advance Auto Parts stock has outperformed the industry, with it gaining 15.4% against the industry’s 5% rise. Shares have risen 8.13% in the period — that’s a 114.36% hike in the last year — when the S&P 500 has slipped 1.24%.

Last week, shares inched 0.27% higher, when most retail and wholesale auto shares slipped a bit. Advance Auto Parts have been consistently outperforming the market, and it is expected the results on Tuesday would be a testament to that.

 

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event

Most Popular

Key highlights from Autodesk (ADSK) Q4 2021 earnings results

Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per

Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%

Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus

Virgin Galactic stock tanks on delayed test flight

Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top