What to Expect From Advance Auto Parts' Earnings Report Wednesday

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 |  About: Advance Auto Parts, Inc. (AAP)
by: Robert Weinstein

Advance Auto Parts, Inc. (NYSE:AAP) is a $4.06 billion market cap company that trades an average of 1.39 million shares per day. Analysts are expecting an improvement of $0.04 in earnings per share compared to last quarter's results of $1.35. The company was founded in 1929 and is based in Roanoke, Virginia.

  • Time Released: After Closing Bell
  • Industry: Retail (Specialty)
  • Recent Price: $52.79
  • 52-Week High: $72.32
  • 52-Week Low: $51.69
  • Book Value: $11.35

Next quarter estimated mean earnings are $1.39 per share. Analyst estimates range between $1.32 and $1.47 per share. The P/E ratio has trended lower, as the current trailing 12 months (ttm) P/E ratio is 12.88, while the forward P/E ratio is now 10.1. Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $5.93 billion for 2010 vs. $5.41 billion for 2009. The bottom line has rising earnings year-over-year of $346.05 million for 2010 vs. $270.37 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $584.93 million for 2010 vs. $454.39 million for 2009. Revenue growth is at an annual rate of 9.47%.


Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 1.92 b $ 1.90B $ -23.59M -1.23%
Dec-10 $ 1.25 b $ 1.27B $ 19.34M 1.55%
Sep-10 $ 1.36 b $ 1.41B $ 42.08M 3.08%
Jun-10 $ 1.41 b $ 1.42B $ 4.20M 0.3%
Mar-10 $ 1.70 b $ 1.83B $ 126.16M 7.4%
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M = millions, B = billions.

Reported earnings per share compared to the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 1.38 1.35 -0.03 -2.17%
Dec-10 0.54 0.57 0.03 5.56%
Sep-10 0.93 1.03 0.1 10.75%
Jun-10 1.03 1.16 0.13 12.62%
Mar-10 1.00 1.19 0.19 19%
Click to enlarge

(Some onetime items are often excluded in reported EPS.)

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.