Advance Auto Parts
The 10-second takeaway
For the quarter ended Dec. 29 (Q4), Advance Auto Parts met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share contracted slightly.
Gross margins expanded, operating margins were steady, net margins shrank.
Advance Auto Parts logged revenue of $1.33 billion. The 18 analysts polled by S&P Capital IQ expected revenue of $1.33 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.88. The 19 earnings estimates compiled by S&P Capital IQ averaged $0.75 per share. GAAP EPS of $0.88 for Q4 were 2.2% lower than the prior-year quarter's $0.90 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%, 90 basis points better than the prior-year quarter. Operating margin was 8.5%, about the same as the prior-year quarter. Net margin was 4.9%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.02 billion. On the bottom line, the average EPS estimate is $1.82.
Next year's average estimate for revenue is $6.50 billion. The average EPS estimate is $5.60.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 234 members out of 260 rating the stock outperform, and 26 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 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 $79.11.
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