Advance Auto Parts Earnings: Your Sneak Peek to the Big Announcement

Advance Auto Parts (NYSE:AAP) will report earnings before markets open on Thursday, May 23rd. Advance Auto Parts, Inc. is a retailer of auto parts and accessories. The Company operates stores in various states, primarily located in the northeastern, southeastern, and midwestern regions of the United States, and in Puerto Rico and the Virgin Islands.

Here is your Cheat Sheet to Advance Auto Parts Earnings:

Earnings Expectations: Analysts expect earnings of $1.62 per share on revenues of $2.01 billion. Currently, the company’s P/E ratio stands at 16.50.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.52 and has not changed. For the current year, the average estimate is a profit of $5.54, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Advance Auto Parts has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 5,142 5,413 5,925 6,170 6,205
Diluted EPS ($) 2.50 2.83 3.95 5.11 5.22

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,957.29 1,460.98 1,457.53 1,329.20
Diluted EPS ($) 1.79 1.34 1.21 0.88

Past Performance:
Advance Auto Parts has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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