Wall Street is high on Advance Auto Parts, expecting it to report earnings that are up 26% from a year ago when it reports its third-quarter earnings on Thursday, November 6, 2014. The consensus estimate is $1.87 per share, up from earnings of $1.48 per share a year ago.
Despite not changing over the past month, the consensus estimate is down from three months ago when it was $1.88. Analysts are expecting earnings of $7.71 per share for the fiscal year. Revenue is expected to be $2.29 billion for the quarter, 51% higher than the year-earlier total of $1.52 billion. For the year, revenue is expected to come in at $9.88 billion.
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 12%. The company enjoyed the boost in the most recent quarter when net income expanded 34%, marking the biggest gain.
Revenue has gone up for three straight quarters. In the second quarter, revenue rose 54% to $2.35 billion while the figure rose 47% in the first quarter from the year earlier and 6% in the fourth quarter.
Analysts are split on Advance Auto Parts, but nine of 18 analysts rate it hold.
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 Monday, December 8, 2014. Analysts are expecting earnings of $0.11 per share for The Pep Boys - Manny, Moe, up 120% from last year's earnings of $0.05 per share. AutoZone, another company in the retail (specialty) industry is also expected to report soon, on Wednesday, December 10, 2014.
Earnings estimates provided by Zacks.
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