Advance Auto Parts
The 10-second takeaway
For the quarter ended April 20 (Q1), Advance Auto Parts met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. GAAP earnings per share dropped.
Margins shrank across the board.
Advance Auto Parts chalked up revenue of $2.02 billion. The 15 analysts polled by S&P Capital IQ hoped for revenue of $2.01 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 $1.65. The 19 earnings estimates compiled by S&P Capital IQ averaged $1.62 per share. GAAP EPS of $1.65 for Q1 were 7.8% lower than the prior-year quarter's $1.79 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 50.0%, 10 basis points worse than the prior-year quarter. Operating margin was 10.1%, 140 basis points worse than the prior-year quarter. Net margin was 6.0%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.60 billion. On the bottom line, the average EPS estimate is $1.51.
Next year's average estimate for revenue is $6.65 billion. The average EPS estimate is $5.52.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 233 members out of 260 rating the stock outperform, and 27 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 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 outperform, with an average price target of $83.39.
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