Advance Auto Parts Q2 2024 GAAP EPS $0.75 Misses $1.07 Estimate, Sales $2.683B Beat $2.679B Estimate
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts reported Q2 2024 earnings per share of $0.75, missing the analyst estimate of $1.07 by 29.91%. However, sales of $2.683 billion slightly beat the estimate of $2.679 billion. This reflects a 43.18% decrease in EPS and a 0.11% decrease in sales compared to the previous year.
August 22, 2024 | 10:31 am
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Advance Auto Parts reported Q2 2024 EPS of $0.75, missing estimates by 29.91%, and a 43.18% decrease from last year. Sales slightly beat estimates at $2.683B.
The significant miss on EPS compared to analyst expectations and the large year-over-year decrease in EPS are likely to negatively impact AAP's stock price in the short term. Although sales slightly beat expectations, the overall financial performance is weak.
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