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Advance Auto Parts (AAP) Q4 Earnings Trail Estimates

Advance Auto Parts Inc.AAP is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" customers. It operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks.

Advance Auto Parts enhances profits through its relentless focus on store expansion. The company is poised to benefit as the auto industry continues to show stability with the increasing average age of vehicles, along with a rise in the number of miles driven.

Let's take a quick look at the company's fourth-quarter 2016 release.

Estimate Trend & Surprise History

Investors should note that the earnings estimate for Advance Auto Parts for the fourth quarter has remained stable over the last month.

The company has delivered mixed earnings surprises. It has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters and missed in 2, with an average negative surprise of around 3.31%.

Advance Auto Parts Inc Price and EPS Surprise

Advance Auto Parts Inc Price and EPS Surprise | Advance Auto Parts Inc Quote

Earnings

Advance Auto Parts reported adjusted earnings of $1.00 per share, which missed the Zacks Consensus Estimate of $1.09. Adjusted earnings also decreased 18% from $1.22 recorded in the year-ago quarter.

Revenues

Advance Auto Parts logged revenues of $2.08 billion, surpassing the Zacks Consensus Estimate of $2.01 billion. Revenues increased year over year from $2.03 billion posted a year-ago quarter.

Key Stats/Developments to Note

Advance Auto Parts enhances profits through its relentless focus on store expansion. As of Dec 31, 2016, the company's total store count was 5,062, including 127 Worldpac branches. Advance Auto Parts served roughly 1,250 independently owned Carquest stores as of that date.

Zacks Rank

Advance Auto Parts currently has a Zacks Rank #2 (Buy), but that could change following its earnings report which was just released.

Market Reaction

Advance Auto Parts' shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on Advance Auto Parts' earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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