Advance Auto Parts Sees 2024 Diluted EPS $3.75-$4.25 vs $3.57 Est., Net Sales $11.3B-$11.4B vs $11.46B Est.
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts projects its 2024 diluted EPS to be between $3.75 and $4.25, surpassing the estimated $3.57. However, its forecasted net sales of $11.3B to $11.4B fall slightly short of the $11.46B estimate.
February 28, 2024 | 11:34 am
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NEUTRAL IMPACT
Advance Auto Parts projects a higher 2024 diluted EPS than estimated but slightly lower net sales.
The positive EPS forecast could boost investor confidence and potentially increase the stock price. However, the slightly lower net sales projection might temper this optimism, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100