BETA
This is a BETA experience. You may opt-out by clicking here

More From Forbes

Edit Story

Earnings Increase Expected for Advance Auto Parts

This article is more than 9 years old.

Optimism surrounds Advance Auto Parts, as it gets ready to report its second quarter results on Thursday, August 14, 2014. Analysts are expecting the company to book a profit of $2.01 a share, up from $1.59 a year ago.

For the fiscal year, analysts are projecting earnings of $7.60 per share. Revenue is projected to eclipse the year-earlier total of $1.55 billion by 50%, finishing at $2.32 billion for the quarter. For the year, revenue is projected to roll in at $9.82 billion.

For the last two quarters, the company has seen an uptick in revenue. In the first quarter, revenue increased 92% to $2.97 billion from the year earlier quarter. In the fourth quarter, the figure rose 6%.

The company has seen steady earnings for the last eight quarters, and for the last four, net income has increased year-over-year by an average of 9%. The quarter with the biggest boost was the most recent quarter, which saw a 26% surge.

Advance Auto Parts is a specialty retailer of automotive aftermarket parts, accessories, batteries, and maintenance items, mainly operating within the United States. The Pep Boys - Manny, Moe & Jack, also in the retail (specialty) industry, will report earnings on Tuesday, September 9, 2014. Analysts are expecting earnings of 17 cents per share for The Pep Boys - Manny, Moe, the same as last year's results. AutoZone, another company in the retail (specialty) industry is also expected to report soon, on Thursday, September 25, 2014.

Earnings estimates provided by Zacks.

Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.