Advance Auto Parts (AAP – Free Report) reported $2.72 billion in revenue for the quarter that ended September 2023, representing a year-over-year increase of 2.9%. EPS of -$0.82 for the same period compares to $2.84 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.68 billion, representing a surprise of +1.48%. The company delivered an EPS surprise of -157.75%, with the consensus EPS estimate being $1.42.While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.Here is how Advance Auto Parts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Shares of Advance Auto Parts have returned +6.8% over the past month versus the Zacks S&P 500 composite’s +4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.More By This Author:Macy’s To Report Q3 Earnings: What’s In The Cards?
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