Advance Auto Parts Q1 EPS $0.72 Misses $2.57 Estimate, Sales $3.42B Miss $3.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts reported Q1 earnings of $0.72 per share, missing the analyst consensus estimate of $2.57 by 71.98%. Sales were $3.42B, missing the $3.43B estimate. This is a 79.83% decrease in earnings and a 1.36% increase in sales compared to the same period last year.
May 31, 2023 | 10:33 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Advance Auto Parts' Q1 earnings missed estimates with a 71.98% lower EPS and a 0.29% lower sales figure compared to expectations.
Advance Auto Parts' Q1 earnings missed analyst estimates by a significant margin, with a 71.98% lower EPS and a 0.29% lower sales figure. This underperformance is likely to negatively impact the stock price in the short term as investors react to the disappointing results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100