Q2 EPS Estimate for Advance Auto Parts Reduced by Analyst

Key Points

• Zacks Research lowered Advance Auto Parts’ Q2 2027 EPS estimate to $0.96 from $1.19, while projecting full-year 2027 EPS of $3.51.
• Advance Auto Parts recently reported quarterly EPS of $1.03, beating expectations of $0.81, but revenue fell 0.5% year over year to approximately $2 billion.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $50.19; the company also declared a quarterly dividend of $0.25 per share.

Advance Auto Parts, Inc. (NYSE:AAP - Free Report) - Investment analysts at Zacks Research decreased their Q2 2027 earnings per share (EPS) estimates for shares of Advance Auto Parts in a report issued on Thursday, September 3rd. Zacks Research analyst Team now expects that the company will earn $0.96 per share for the quarter, down from their prior forecast of $1.19. The consensus estimate for Advance Auto Parts' current full-year earnings is $2.98 per share. Zacks Research also issued estimates for Advance Auto Parts' Q3 2027 earnings at $0.96 EPS, Q4 2027 earnings at $0.79 EPS, FY2027 earnings at $3.51 EPS, Q1 2028 earnings at $1.12 EPS, Q2 2028 earnings at $0.91 EPS and FY2028 earnings at $4.13 EPS.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.81 by $0.22. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.04 billion. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS.

AAP has been the subject of a number of other research reports. TD Cowen reduced their price objective on Advance Auto Parts from $61.00 to $45.00 and set a "hold" rating for the company in a research report on Thursday, August 20th. Evercore set a $65.00 target price on Advance Auto Parts in a research report on Tuesday, August 4th. Morgan Stanley cut their price target on Advance Auto Parts from $65.00 to $52.00 and set an "equal weight" rating for the company in a research note on Friday, August 21st. Citigroup reduced their price target on Advance Auto Parts from $57.00 to $45.00 and set a "neutral" rating for the company in a report on Friday, August 21st. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Advance Auto Parts in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $50.19.

Advance Auto Parts Trading Down 0.0%

Advance Auto Parts stock opened at $44.17 on Monday. Advance Auto Parts has a 12 month low of $37.89 and a 12 month high of $65.21. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 1.50. The stock has a market cap of $2.67 billion, a P/E ratio of 32.24, a P/E/G ratio of 0.71 and a beta of 1.01. The company's fifty day simple moving average is $53.43 and its 200-day simple moving average is $54.49.

Institutional Trading of Advance Auto Parts

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Advance Auto Parts during the second quarter worth approximately $581,909,000. Price T Rowe Associates Inc. MD boosted its position in shares of Advance Auto Parts by 18.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company's stock valued at $293,751,000 after acquiring an additional 1,190,094 shares during the period. California State Teachers Retirement System grew its stake in shares of Advance Auto Parts by 7,208.9% in the second quarter. California State Teachers Retirement System now owns 5,135,203 shares of the company's stock worth $319,512,000 after acquiring an additional 5,064,943 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Advance Auto Parts in the second quarter worth $273,115,000. Finally, Federated Hermes Inc. increased its position in Advance Auto Parts by 4.4% during the fourth quarter. Federated Hermes Inc. now owns 2,811,675 shares of the company's stock worth $110,499,000 after acquiring an additional 117,648 shares during the period. Institutional investors own 88.70% of the company's stock.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, October 9th. Advance Auto Parts's payout ratio is currently 72.99%.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc NYSE: AAP is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company's product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.

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