Advance Auto Parts Revises FY23 Outlook: Revenue $11.25B - $11.35B ($11.2B - $11.3B Prior) Vs. $11.21B Estimate, EPS $4.50 - $5.10 ($6.00 - $6.50 Prior) Vs. $5.92 Estimate, Comparable store Sales (0.5%) - 0.5% Up From (1%) - Flat Prior
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts has revised its FY23 outlook. The company now expects revenue to be between $11.25B and $11.35B, up from the previous estimate of $11.2B to $11.3B. However, the EPS forecast has been lowered to $4.50 - $5.10 from the previous $6.00 - $6.50. Comparable store sales are expected to be between (0.5%) and 0.5%, an improvement from the previous forecast of (1%) to flat.
August 23, 2023 | 10:34 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Advance Auto Parts has revised its FY23 outlook, increasing its revenue forecast but lowering its EPS estimate. This mixed revision could lead to uncertainty among investors.
The revised outlook from Advance Auto Parts presents a mixed picture. While the increased revenue forecast is a positive sign, the lowered EPS estimate could be a cause for concern among investors. This could lead to uncertainty and potentially impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100