Advance Auto Parts Earnings Preview

Advance Auto Parts (NYSE: AAP) is scheduled to report third-quarter 2011 results today, November 9, after the closing bell. Its revenues have risen for three straight quarters, and it beat consensus per-share earnings in the previous quarter. No doubt investors will be hoping for more of the same.The consensus forecast calls for Advance Auto Parts to report earnings of $1.17 per share, which would be an increase from $1.03 in the same quarter of last year. That EPS estimate is unchanged over the past 90 days. Note that the company only fell short of consensus EPS estimates in one of the past six quarters, and then by three cents per share.Analysts also expect the company to post revenues of $1.5 billion, or a 3.8% increase from a year ago. Looking ahead to the current quarter, revenues are anticipated to increase 4.1% year over year. And for the full year, the forecast so far calls for revenues to be 4.0% higher, with per-share earnings up 15.4% from a year ago.The CompanyAdvance Auto Parts operates more than 3,300 stores offering automotive aftermarket parts and accessories. Its Advance Auto Parts segment operates stores and also loans tools and offers services such as wiper installation, battery charging, electrical testing and oil recycling. Its Autopart International segment offers replacement parts to customers and warehouse distributors. The company was founded in 1929 and currently has ...

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