Earnings Preview: Advance Auto Parts

Advance Auto Parts (AAP) is expected to report Q2 EPS Wednesday, August 12 after market close, with a conference call scheduled for August 13 at 10:00 am ET.

Guidance

Analysts are looking for EPS of 83c on revenue of $1.31B. The consensus range is 80c-87c for EPS, and $1.29B-$1.34B for revenue, according to First Call. The company might benefit from the prevailing trend of consumers putting off new car purchases to repair their old ones. Also, the revenue number might be helped by 30 net new Advance stores and 30 Autopart International stores. Risks for this earnings period include the sharp run up in the share price to date and the general economic weakness that might have curtailed spending.

Analyst Views

In late July, Wedbush initiated Advance Auto Parts initiated with a Neutral.The firm has a $50 price target on the shares.