Advance Auto Parts Q4 2023 GAAP EPS $(0.59) May Not Compare To $0.57 Estimate, Sales $2.46B Inline
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts (AAP) reported a Q4 2023 GAAP EPS of $(0.59), missing the analyst consensus estimate of $0.57 by 203.51%. Quarterly sales were $2.46B, in line with estimates but represent a 0.37% decrease from the previous year.
February 28, 2024 | 11:31 am
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Advance Auto Parts reported a significant miss in Q4 2023 EPS, underperforming analyst expectations by 203.51%, with sales in line but slightly down YOY.
The significant miss in EPS compared to analyst expectations is likely to negatively impact investor sentiment and stock price in the short term. The fact that sales were in line with expectations but showed a slight year-over-year decrease further compounds the negative outlook, as it indicates a potential stagnation or decrease in business growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100