Should You Buy Advance Auto Parts (AAP) Ahead of Earnings?


Traders are often on the lookout for shares that are poised to conquer at earnings time and Advance Vehicle Areas, Inc. AAP may possibly be 1 these business. The company has earnings coming up pretty quickly, and situations are shaping up pretty properly for their report.

That is for the reason that Progress Automobile Areas is viewing favorable earnings estimate revision action as of late, which is frequently a precursor to an earnings defeat. After all, analysts boosting estimates ideal just before earnings — with the most up-to-date info probable — is a fairly great indicator of some favorable trends beneath the surface area for AAP in this report.

In point, the Most Correct Estimate for the current quarter is currently at $3.67 per share for AAP, as opposed to a broader Zacks Consensus Estimate of $3.50 for each share. This implies that analysts have incredibly a short while ago bumped up their estimates for AAP, offering the stock a Zacks Earnings ESP of +4.89% heading into earnings year.

Progress Vehicle Elements, Inc. Price and EPS Surprise

Advance Auto Parts, Inc. Price and EPS Surprise

Progress Automobile Components, Inc. Price and EPS Shock

Progress Vehicle Pieces, Inc. cost-eps-shock | Progress Vehicle Parts, Inc. Quote

Why is this Critical?

A optimistic looking through for the Zacks Earnings ESP has tested to be incredibly strong in producing the two good surprises, and outperforming the current market. Our the latest 10-calendar year backtest exhibits that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or far better display a positive shock just about 70% of the time, and have returned more than 28% on common in yearly returns (see much more Best Earnings ESP shares listed here).

Presented that AAP has a Zacks Rank #3 and an ESP in beneficial territory, buyers may want to look at this inventory in advance of earnings. You can see the total list of today’s Zacks #1 Rank (Strong Acquire) shares in this article.

Clearly, recent earnings estimate revisions propose that very good items are forward for Progress Automobile Pieces, and that a beat may well be in the playing cards for the approaching report.

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Progress Car Parts, Inc. (AAP) : Totally free Inventory Analysis Report

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