Advance Auto Parts (NYSE: AAP ) is expected to report Q2 earnings on Aug. 9. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Advance Auto Parts' revenues will improve 0.2% and EPS will drop -3.4%.
The average estimate for revenue is $1.48 billion. On the bottom line, the average EPS estimate is $1.41.
Last quarter, Advance Auto Parts notched revenue of $1.96 billion. GAAP reported sales were 3.1% higher than the prior-year quarter's $1.90 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.79. GAAP EPS of $1.79 for Q1 were 33% higher than the prior-year quarter's $1.35 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 50.1%, 40 basis points worse than the prior-year quarter. Operating margin was 11.5%, 170 basis points better than the prior-year quarter. Net margin was 6.8%, 100 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $6.34 billion. The average EPS estimate is $5.69.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 239 members out of 262 rating the stock outperform, and 23 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give Advance Auto Parts a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advance Auto Parts is outperform, with an average price target of $94.47.
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