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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.

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