Advance Auto Parts Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
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Advance Auto Parts, Inc. (AAP) is set to release its Q1 earnings on May 22, with analysts predicting a loss of 69 cents per share, down from a profit of 67 cents a year ago. Revenue is expected to be $2.51 billion, compared to $3.41 billion last year. The company has completed its store closures and is focusing on growth. AAP shares fell 8.3% to $31.31. Recent analyst ratings include Wells Fargo maintaining an Equal-Weight rating with a price target cut from $40 to $35, and Evercore ISI Group maintaining an In-Line rating with a target cut from $37 to $35.
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