Advance Auto Parts (NYSE:AAP) reported its Q4 earnings results on Monday, February 14, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Advance Auto Parts beat estimated earnings by 5.61%, reporting an EPS of $2.07 versus an estimate of $1.96.
Revenue was up $32.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.34, which was followed by a 2.57% drop in the share price the next day.
Here's a look at Advance Auto Parts's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.87 | 3.03 | 3.08 | 1.97 |
| EPS Actual | 3.21 | 3.40 | 3.34 | 1.87 |
| Revenue Estimate | 2.58B | 2.62B | 3.28B | 2.36B |
| Revenue Actual | 2.62B | 2.65B | 3.33B | 2.37B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Advance Auto Parts management provided guidance for their next quarter, expecting earnings between $13.2 and $13.75 per share for the next quarter.
This represents a 550.97% in quarter-over-quarter growth for Advance Auto Parts, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
