Advance Auto Parts Inc (NYSE:AAP) auto parts stores, is reporting third quarter earnings results on Tuesday 10th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.66 per share.
For the full year, analysts predict revenues of $ 9972.78 million, while looking forward to income of $ 8.31 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 9,880.00 million ~ $ 10,100.00 million
Click Here For More Historical Outlooks Of Advance Auto Parts Inc
Previous Quarter Performance
Advance Auto Parts Inc posted income for the second quarter of $ 2.92 per share, from the revenue of $ 2,501.00 million. The quarterly earnings 46.00 percent while revenues expanded 7.24 percent compared with the same quarter last year.
According to street consensus, AAP was expected to report 2Q20 income of $ 1.96 per share from revenue of $ 2375.02 million. The bottom line results beat street analysts by $ 0.96 or 48.98 percent, at the same time, top line results outshined analysts by $ 125.98 million or 5.30 percent.
Stock Performance
Shares of Advance Auto Parts Inc traded up $ 0.38 or 0.24 percent on Monday, reaching $ 156.76 with volume of 1.88 million shares. Advance Auto Parts Inc has traded high as $ 164.08 and has cracked $ 156.33 on the downward trend
According to the previous trading day, closing price of $ 156.76, representing a 119.23 % increase from the 52 week low of $ 71.33 and a 8.78 % decrease over the 52 week high of $ 171.43.
The company has a market capital of $ 10.84 billion and is part of the Services sector and Auto Parts Stores industry.
Recent Analyst recommendations
- On 6th October 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating, with $ 190.00 target price.
- On 14th September 2020, maintained by Argus at Buy rating, with $ 177.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.25 per share on August 11, 2020. The dividend were payable on October 2, 2020 to holders of record as of the close of business on September 18, 2020 and ex-dividend date on September 17, 2020.
Conference Call
Advance Auto Parts Inc will be hosting a conference call at 8:00 AM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.advanceautoparts.com
Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.
