Advance Auto Parts (NYSE: AAP ) reported earnings on Aug. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 14 (Q2), Advance Auto Parts met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share contracted.
Gross margins expanded, operating margins dropped, net margins contracted.
Advance Auto Parts logged revenue of $1.46 billion. The 17 analysts polled by S&P Capital IQ expected revenue of $1.48 billion on the same basis. GAAP reported sales were 1.3% lower than the prior-year quarter's $1.48 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.34. The 20 earnings estimates compiled by S&P Capital IQ predicted $1.40 per share. GAAP EPS of $1.34 for Q2 were 8.2% lower than the prior-year quarter's $1.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 49.9%, 20 basis points better than the prior-year quarter. Operating margin was 11.6%, 120 basis points worse than the prior-year quarter. Net margin was 6.8%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.48 billion. On the bottom line, the average EPS estimate is $1.35.
Next year's average estimate for revenue is $6.28 billion. The average EPS estimate is $5.34.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 239 members out of 263 rating the stock outperform, and 24 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give Advance Auto Parts a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advance Auto Parts is hold, with an average price target of $82.06.
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