AAP Stock Recent News

Advance Auto (AAP) reports lower-than-expected fourth-quarter results and expects 2024 net sales in the band of $11.30-$11.40 billion, up from $11.29 billion reported in 2023.

Advance Auto Parts (AAP) posted a surprise fourth-quarter loss, but its earnings outlook sent shares higher on Wednesday.

Advance Auto Parts, Inc. (AAP) Q4 2023 Earnings Call Transcript

Advance Auto Parts (NYSE: AAP ) stock is on the move Wednesday after the company released its earnings report for the fourth quarter of 2023. The Advance Auto Parts earnings report starts with diluted earnings per share of -59 cents.

Although the revenue and EPS for Advance Auto Parts (AAP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Advance Auto Parts (AAP) came out with a quarterly loss of $0.59 per share versus the Zacks Consensus Estimate of $0.24. This compares to earnings of $2.88 per share a year ago.

Advance Auto Parts Inc.'s stock jumped 7.5% early Wednesday, after the car parts maker's upbeat profit guidance weighed against a quarterly loss as it continues to overhaul its business and rein in costs.

The car-parts company reports a fourth-quarter loss of 59 cents a share, while Wall Street expected earnings of 21 cents.

The Zacks Consensus Estimate for Advance Auto's (AAP) fourth-quarter earnings per share and revenues is pegged at 24 cents and $2.47 billion, respectively.

Evaluate the expected performance of Advance Auto Parts (AAP) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.