Plus   Neg

Stock Alert: Will Q4 Results Reverse Gear For Advance Auto Parts Stock?

Advance Auto Parts, Inc. (AAP) is scheduled to report Q4-19 results on Feb 18, before the opening bell. Analysts are modeling eps of $1.35 vs. year-ago $1.17, on revenues of $2.12 billion, a less-than 1% increase from last year.

The automotive retailer expects to deliver record free cash flow of at least $700 million for 2019, vs. $617.3 million for 2018. Sales numbers for FY19 are expected to be between $9.65 billion and $9.75 billion vs. $9.6 billion in FY18. Analysts expect $9.72 billion.

For Q3, the company delivered its sixth consecutive quarter of sales growth, while cost reduction efforts led to margin expansion. Besides, the Auto-parts provider has been investing in in critical information technology and supply chain initiatives to unlock significant productivity over the next several years.

The stock is lingering close to its 52-week low of $129.94 set on Feb 10, and trading currently at $134.11, down 0.42% from previous day's close.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Brooklyn, New York-based H&C Food Inc. is recalling select Enoki mushrooms citing the possible presence of Listeria monocytogenes, the U.S. Food and Drug Administration said in a statement. The recall involves 7.05 oz or 200G pack of Enoki mushrooms imported from Green Co. located in Korea. The affected Enoki mushrooms were distributed to New York, Maryland and Virginia areas. Tesla Inc. is planning to cut pays and furlough non-essential workers as the shut down of its vehicle production continues amid escalating coronavirus or Covid-19 cases. As per multiple reports citing an e-mail sent to all employees by North American HR Valerie Capers, the luxury electric car maker is taking certain actions starting April 13, aiming to manage costs. Facebook said it is launching new tools that will help health researchers to track and combat the spread of COVID-19 by using anonymized location data from users. The social media giant said its 'Data for Good' program is developing Disease Prevention Maps that provide details on how population movements around regions are influencing the spread of the disease.
Follow RTT