Advance Auto Earnings Preview (AAP)
Advance Auto Parts Inc. (AAP) (AAP)
Background:Advance Auto Parts, Inc., together with its subsidiaries, operates as a retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP), and Autopart International (AI). Advance Auto trades an average of 1 million shares per day with a marketcap of $5 billion.
Investors aren't expecting an improvement in earnings. Analysts forecast per share results below last year in the same quarter. The earnings release is planned before the market opens on November 8, 2012.
The average estimate is currently $1.23 a share, backsliding 18 cents (12.8%) from $1.41 during the matching period in the previous year. Analysts are estimating as low as $1.21 per share, up to the most optimistic estimate of $1.35 per share.
Investors are receiving 24 cents in dividends for a yield of 0.4%.
Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Right now, Advance Auto has 6 buy recommendations out of 22 analysts covering the company, 16 holds, and no analysts recommend selling. In the last 12 months, the shares have modestly moved higher. The one year return is 3.3%, and the average analyst target price for Advance Auto is $72.31.