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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100