A Preview Of Advance Auto Parts's Earnings
Portfolio Pulse from Benzinga Insights
Advance Auto Parts (NYSE:AAP) is set to release its quarterly earnings report on August 23, 2023. Analysts estimate an earnings per share (EPS) of $1.66. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. The stock is currently trading at $68.2, down 62.63% over the last 52-week period.
August 22, 2023 | 2:00 pm
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Advance Auto Parts is expected to report an EPS of $1.66. The company's stock has been on a downward trend, with a 62.63% drop over the last 52 weeks.
The company has a history of missing EPS estimates, which has led to drops in the share price. Given the negative returns, long-term shareholders are likely to be unhappy. This could lead to a further drop in the share price following the earnings release.
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IMPORTANCE 100
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