Advance Auto Parts Sees 2024 EPS Expectation Of $3.75-$4.25 Vs $3.82 Consensus; Sees Net Sales Of $11.3B- $11.4B Vs $11.349B Consensus
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts has reaffirmed its 2024 EPS expectation of $3.75-$4.25, compared to the consensus of $3.82. The company also sees net sales of $11.3B-$11.5B, slightly above the consensus of $11.349B.
May 29, 2024 | 10:36 am
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Advance Auto Parts reaffirmed its 2024 EPS expectation of $3.75-$4.25, which is in line with the consensus of $3.82. The company also projects net sales of $11.3B-$11.5B, slightly above the consensus of $11.349B.
The reaffirmation of EPS and net sales projections slightly above consensus is a positive indicator for the stock. This suggests that the company is on track to meet or exceed market expectations, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100