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On Tuesday, Advance Auto Parts (NYSE:AAP) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Based on Advance Auto Parts management projections, analysts predict EPS of $1.85 on revenue of $2.27 billion.
If the company were to match the consensus estimate when it reports Tuesday, EPS would be up 17.09 percent. Sales would be up 0.27 percent on a year-over-year basis. Here's how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
| EPS Estimate | 1.97 | 0.64 | 1.24 | 1.69 |
| EPS Actual | 2.1 | 0.77 | 1.43 | 1.58 |
Stock Performance
Over the last 52-week period, shares are up 34.04 percent. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release. Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Advance Auto Parts. The strength of this rating has maintained conviction over the past three months.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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