Advance Auto Parts Likely To Post Sharp Decline In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Advance Auto Parts, Inc. (NYSE:AAP) is expected to report a sharp decline in its Q2 2023 earnings, with analysts predicting earnings of $1.66 per share, down from $3.74 per share in the same period last year. The company's revenue is expected to be $2.66 billion, slightly lower than the $2.67 billion reported in the year-ago period. Several analysts have recently downgraded their price targets for the company's stock.
August 23, 2023 | 6:54 am
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Advance Auto Parts is expected to report a significant decline in Q2 2023 earnings, which has led to several analysts downgrading their price targets for the company's stock.
The expected sharp decline in Advance Auto Parts' Q2 2023 earnings is likely to negatively impact the company's stock price in the short term. This is reflected in the recent downgrades of the company's stock by several analysts.
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