Advance Auto Parts Inc. (NYSE: AAP) has reported E.P.S. of $-0.82 for its third fiscal quarter (ending September 30) versus $1.93 for the same period a year ago — a decline of -142%. Relative to the consensus estimate of $1.44, this was a shortfall of $-2.26. For the latest four quarters through September 30, E.P.S. were $3.32 compared to $7.69 a year ago — a decline of -57%.
Recent Price Action
On 11/15/23, Advance Auto Parts Inc. (NYSE: AAP) stock suffered a large decline of -4.7%, closing at $55.67. Relative to the market the stock has been extremely weak over the last nine months and has declined -4.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AAP is expected to continue to be a Value Builder.
Advance Auto Parts has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Advance Auto Parts has a good Appreciation Score of 76 but a very low Power Rating of 1, and the Negative Value Trend Rating results.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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