Advance Auto Earnings Estimate
| AAP Stock | USD 75.14 0.43 0.58% |
Advance |
Advance Auto Earnings Estimation Breakdown
The calculation of Advance Auto's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Advance Auto is estimated to be 0.71 with the future projection ranging from a low of 0.18 to a high of 1.39. Please be aware that this consensus of annual earnings estimates for Advance Auto Parts is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.18 Lowest | Expected EPS | 1.39 Highest |
Advance Auto Earnings Projection Consensus
Suppose the current estimates of Advance Auto's value are higher than the current market price of the Advance Auto stock. In this case, investors may conclude that Advance Auto is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Advance Auto's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2024 | Current EPS (TTM) | |
| 27 | 63.86% | -0.59 | 0.71 | 0.5 |
Advance Auto Earnings per Share Projection vs Actual
Actual Earning per Share of Advance Auto refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Advance Auto Parts predict the company's earnings will be in the future. The higher the earnings per share of Advance Auto, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Advance Auto Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Advance Auto, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Advance Auto should always be considered in relation to other companies to make a more educated investment decision.Advance Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Advance Auto's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-02-28 | 2023-12-31 | 0.22 | -0.59 | -0.81 | 368 | ||
2023-11-15 | 2023-09-30 | 1.45 | -0.82 | -2.27 | 156 | ||
2023-08-23 | 2023-06-30 | 1.66 | 1.43 | -0.23 | 13 | ||
2023-05-31 | 2023-03-31 | 2.57 | 0.72 | -1.85 | 71 | ||
2023-02-28 | 2022-12-31 | 2.39 | 2.88 | 0.49 | 20 | ||
2022-11-15 | 2022-09-30 | 3.34 | 2.84 | -0.5 | 14 | ||
2022-08-23 | 2022-06-30 | 3.76 | 3.74 | -0.02 | 0 | ||
2022-05-23 | 2022-03-31 | 3.59 | 3.57 | -0.02 | 0 | ||
2022-02-14 | 2021-12-31 | 1.97 | 2.07 | 0.1 | 5 | ||
2021-11-15 | 2021-09-30 | 2.87 | 3.21 | 0.34 | 11 | ||
2021-08-24 | 2021-06-30 | 3.04 | 3.4 | 0.36 | 11 | ||
2021-06-02 | 2021-03-31 | 3.08 | 3.34 | 0.26 | 8 | ||
2021-02-16 | 2020-12-31 | 1.97 | 1.87 | -0.1 | 5 | ||
2020-11-10 | 2020-09-30 | 2.66 | 2.81 | 0.15 | 5 | ||
2020-08-18 | 2020-06-30 | 1.98 | 2.92 | 0.94 | 47 | ||
2020-05-19 | 2020-03-31 | 1.73 | 0.91 | -0.82 | 47 | ||
2020-02-18 | 2019-12-31 | 1.35 | 1.64 | 0.29 | 21 | ||
2019-11-12 | 2019-09-30 | 2.05 | 2.1 | 0.05 | 2 | ||
2019-08-13 | 2019-06-30 | 2.21 | 2.0 | -0.21 | 9 | ||
2019-05-22 | 2019-03-31 | 2.35 | 2.46 | 0.11 | 4 | ||
2019-02-19 | 2018-12-31 | 1.13 | 1.17 | 0.04 | 3 | ||
2018-11-13 | 2018-09-30 | 1.75 | 1.89 | 0.14 | 8 | ||
2018-08-14 | 2018-06-30 | 1.86 | 1.97 | 0.11 | 5 | ||
2018-05-22 | 2018-03-31 | 1.97 | 2.1 | 0.13 | 6 | ||
2018-02-21 | 2017-12-31 | 0.63 | 0.77 | 0.14 | 22 | ||
2017-11-14 | 2017-09-30 | 1.21 | 1.43 | 0.22 | 18 | ||
2017-08-15 | 2017-06-30 | 1.65 | 1.58 | -0.07 | 4 | ||
2017-05-24 | 2017-03-31 | 2.17 | 1.6 | -0.57 | 26 | ||
2017-02-21 | 2016-12-31 | 1.09 | 1.0 | -0.09 | 8 | ||
2016-11-14 | 2016-09-30 | 1.7 | 1.73 | 0.03 | 1 | ||
2016-08-16 | 2016-06-30 | 2.12 | 1.9 | -0.22 | 10 | ||
2016-05-19 | 2016-03-31 | 2.6 | 2.51 | -0.09 | 3 | ||
2016-02-11 | 2015-12-31 | 1.2 | 1.22 | 0.02 | 1 | ||
2015-11-12 | 2015-09-30 | 2.09 | 1.95 | -0.14 | 6 | ||
2015-08-13 | 2015-06-30 | 2.25 | 2.27 | 0.02 | 0 | ||
2015-05-21 | 2015-03-31 | 2.48 | 2.39 | -0.09 | 3 | ||
2015-02-12 | 2014-12-31 | 1.48 | 1.54 | 0.06 | 4 | ||
2014-11-06 | 2014-09-30 | 1.87 | 1.89 | 0.02 | 1 | ||
2014-08-14 | 2014-06-30 | 2.01 | 2.08 | 0.07 | 3 | ||
2014-05-15 | 2014-03-31 | 2.16 | 2.25 | 0.09 | 4 | ||
2014-02-06 | 2013-12-31 | 0.79 | 0.67 | -0.12 | 15 | ||
2013-10-31 | 2013-09-30 | 1.4 | 1.42 | 0.02 | 1 | ||
2013-08-08 | 2013-06-30 | 1.48 | 1.59 | 0.11 | 7 | ||
2013-05-23 | 2013-03-31 | 1.62 | 1.65 | 0.03 | 1 | ||
2013-02-07 | 2012-12-31 | 0.75 | 0.88 | 0.13 | 17 | ||
2012-11-08 | 2012-09-30 | 1.21 | 1.21 | 0.0 | 0 | ||
2012-08-09 | 2012-06-30 | 1.39 | 1.34 | -0.05 | 3 | ||
2012-05-17 | 2012-03-31 | 1.81 | 1.79 | -0.02 | 1 | ||
2012-02-16 | 2011-12-31 | 0.75 | 0.9 | 0.15 | 20 | ||
2011-11-09 | 2011-09-30 | 1.18 | 1.41 | 0.23 | 19 | ||
2011-08-10 | 2011-06-30 | 1.38 | 1.46 | 0.08 | 5 | ||
2011-05-18 | 2011-03-31 | 1.38 | 1.35 | -0.03 | 2 | ||
2011-02-09 | 2010-12-31 | 0.54 | 0.57 | 0.03 | 5 | ||
2010-11-10 | 2010-09-30 | 0.93 | 1.03 | 0.1 | 10 | ||
2010-08-11 | 2010-06-30 | 1.03 | 1.16 | 0.13 | 12 | ||
2010-05-19 | 2010-03-31 | 1 | 1.19 | 0.19 | 19 | ||
2010-02-17 | 2009-12-31 | 0.46 | 0.39 | -0.07 | 15 | ||
2009-11-11 | 2009-09-30 | 0.66 | 0.69 | 0.03 | 4 | ||
2009-08-12 | 2009-06-30 | 0.84 | 0.89 | 0.05 | 5 | ||
2009-05-20 | 2009-03-31 | 0.92 | 1.02 | 0.1 | 10 | ||
2009-02-18 | 2008-12-31 | 0.37 | 0.51 | 0.14 | 37 | ||
2008-10-29 | 2008-09-30 | 0.57 | 0.59 | 0.02 | 3 | ||
2008-08-06 | 2008-06-30 | 0.72 | 0.79 | 0.07 | 9 | ||
2008-05-15 | 2008-03-31 | 0.78 | 0.86 | 0.08 | 10 | ||
2008-02-13 | 2007-12-31 | 0.37 | 0.35 | -0.02 | 5 | ||
2007-10-31 | 2007-09-30 | 0.58 | 0.61 | 0.03 | 5 | ||
2007-08-08 | 2007-06-30 | 0.66 | 0.64 | -0.02 | 3 | ||
2007-05-16 | 2007-03-31 | 0.71 | 0.71 | 0.0 | 0 | ||
2007-02-15 | 2006-12-31 | 0.33 | 0.33 | 0.0 | 0 | ||
2006-11-02 | 2006-09-30 | 0.53 | 0.56 | 0.03 | 5 | ||
2006-08-10 | 2006-06-30 | 0.58 | 0.59 | 0.01 | 1 | ||
2006-05-18 | 2006-03-31 | 0.69 | 0.68 | -0.01 | 1 | ||
2006-02-16 | 2005-12-31 | 0.36 | 0.36 | 0.0 | 0 | ||
2005-11-03 | 2005-09-30 | 0.55 | 0.55 | 0.0 | 0 | ||
2005-08-10 | 2005-06-30 | 0.58 | 0.6 | 0.02 | 3 | ||
2005-05-18 | 2005-03-31 | 0.58 | 0.63 | 0.05 | 8 | ||
2005-02-16 | 2004-12-31 | 0.3 | 0.31 | 0.01 | 3 | ||
2004-11-03 | 2004-09-30 | 0.45 | 0.45 | 0.0 | 0 | ||
2004-08-11 | 2004-06-30 | 0.46 | 0.47 | 0.01 | 2 | ||
2004-05-19 | 2004-03-31 | 0.44 | 0.45 | 0.01 | 2 | ||
2004-02-18 | 2003-12-31 | 0.27 | 0.3 | 0.03 | 11 | ||
2003-10-29 | 2003-09-30 | 0.41 | 0.41 | 0.0 | 0 | ||
2003-08-07 | 2003-06-30 | 0.35 | 0.4 | 0.05 | 14 | ||
2003-05-14 | 2003-03-31 | 0.25 | 0.33 | 0.08 | 32 | ||
2003-02-12 | 2002-12-31 | 0.14 | 0.14 | 0.0 | 0 | ||
2002-11-18 | 2002-09-30 | 0.29 | 0.31 | 0.02 | 6 | ||
2002-08-14 | 2002-06-30 | 0.24 | 0.26 | 0.02 | 8 | ||
2002-05-22 | 2002-03-31 | 0.18 | 0.18 | 0.0 | 0 | ||
2002-02-20 | 2001-12-31 | 0.01 | 0.01 | 0.0 | 0 |
About Advance Auto Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Advance Auto earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Advance Auto estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Advance Auto fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | 4.6 B | 4.8 B | |
| Retained Earnings Total Equity | 5.3 B | 2.7 B | |
| Earnings Yield | 0.05 | 0.03 | |
| Price Earnings Ratio | 17.20 | 9.72 | |
| Price Earnings To Growth Ratio | (1.10) | (1.05) |
Advance Auto Investors Sentiment
The influence of Advance Auto's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Advance. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Advance Auto's public news can be used to forecast risks associated with an investment in Advance. The trend in average sentiment can be used to explain how an investor holding Advance can time the market purely based on public headlines and social activities around Advance Auto Parts. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Advance Auto's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Advance Auto's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Advance Auto's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Advance Auto.
Advance Auto Implied Volatility | 39.38 |
Advance Auto's implied volatility exposes the market's sentiment of Advance Auto Parts stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Advance Auto's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Advance Auto stock will not fluctuate a lot when Advance Auto's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Advance Auto in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Advance Auto's short interest history, or implied volatility extrapolated from Advance Auto options trading.
Pair Trading with Advance Auto
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Advance Auto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Advance Auto will appreciate offsetting losses from the drop in the long position's value.Moving together with Advance Stock
| 0.79 | W | Wayfair Earnings Call This Week | PairCorr |
| 0.91 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.89 | AN | AutoNation Buyout Trend | PairCorr |
Moving against Advance Stock
| 0.83 | VSCO | Victorias Secret Financial Report 29th of May 2024 | PairCorr |
| 0.81 | AAN | Aarons | PairCorr |
| 0.73 | FNKO | Funko Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.72 | GCO | Genesco Financial Report 23rd of May 2024 | PairCorr |
| 0.66 | BQ | Boqii Holding Limited | PairCorr |
The ability to find closely correlated positions to Advance Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advance Auto when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Advance Auto - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Advance Auto Parts to buy it.
The correlation of Advance Auto is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Advance Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advance Auto Parts moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Advance Auto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advance Auto Parts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Advance Auto Parts information on this page should be used as a complementary analysis to other Advance Auto's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Advance Stock analysis
When running Advance Auto's price analysis, check to measure Advance Auto's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.
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Is Advance Auto's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Advance Auto. If investors know Advance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Advance Auto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.40) | Dividend Share 2.25 | Earnings Share 0.5 | Revenue Per Share 189.925 | Quarterly Revenue Growth (0) |
The market value of Advance Auto Parts is measured differently than its book value, which is the value of Advance that is recorded on the company's balance sheet. Investors also form their own opinion of Advance Auto's value that differs from its market value or its book value, called intrinsic value, which is Advance Auto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Advance Auto's market value can be influenced by many factors that don't directly affect Advance Auto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Advance Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advance Auto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advance Auto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.