Earnings Outlook For Advance Auto Parts
Portfolio Pulse from Benzinga Insights
Advance Auto Parts (NYSE:AAP) is expected to release its quarterly earnings report on Wednesday, 2023-11-15, with an estimated EPS of $1.45. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, AAP's stock price has reacted negatively to earnings misses. Shares are currently trading at $55.94, down 62.97% over the last 52 weeks. The upcoming earnings report could influence the stock's performance, especially if the actual results differ from expectations.
November 14, 2023 | 2:01 pm
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Advance Auto Parts is anticipated to report quarterly earnings with investors focusing on an earnings beat and positive future guidance. The stock has historically dropped following earnings misses and is down 62.97% over the past year.
The short-term impact on AAP's stock price will likely hinge on whether the company meets or exceeds the estimated EPS of $1.45 and provides positive guidance. Historical data shows that the stock tends to react negatively to earnings misses, but the anticipation of the report could already be factored into the current stock price. The 62.97% decline over the past year indicates a bearish trend, but a positive earnings report could provide a short-term boost or mitigate further declines.
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