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10900.0
|
2022-08-26 00:00:00 UTC
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Why Investors Were Slamming the Brakes on Advance Auto Parts This Week
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AAP
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https://www.nasdaq.com/articles/why-investors-were-slamming-the-brakes-on-advance-auto-parts-this-week
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nan
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nan
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What happened
Advance Auto Parts' (NYSE: AAP) stock shifted violently into reverse this week. According to data provided by S&P Global Market Intelligence, the auto parts retailer's shares were down by nearly 13% week to date as of Thursday evening. It isn't hard to figure out why.
So what
The culprit is Advance's fiscal second-quarter results, for the period ended July 16, which were released after market hours on Tuesday. These revealed that the company's net sales rose, albeit slightly, by under 1% year over year to $2.67 billion for the period. That was on the back of a decline at roughly the same rate for same-store sales.
Advance's net profit also advanced, but again this wasn't at an inspiring rate. The quarter's non-GAAP (adjusted) net income was a shade under $228 million ($3.74 per share), less than 3% higher than in the second quarter of 2021.
Neither headline figure met the consensus analyst estimates, although the whiffs weren't too bad. On average, prognosticators tracking Advance stock were modeling $2.75 billion on the top line, and a per-share adjusted net income of $3.76.
Now what
Citing macroeconomic concerns, Advance management trimmed its guidance for the full year. It now expects to book $11 billion to $11.2 billion in net sales, with adjusted earnings per share coming in at $12.75 to $13.25. Under the previous guidance those two ranges were, respectively, $11.2 billion to $11.5 billion and $13.30 to $13.85.
Compounding the twin misses and the guidance cut were a raft of price target cuts from analysts. Among the cutters was Evercore ISI's Greg Melich. Melich not only lowered the stock's price target to $215 from $230, he also removed Advance stock from his company's SMID Cap Best Idea List. Other analysts made similar chops to their price targets, although as of late Thursday none had downgraded their recommendations.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Advance Auto Parts' (NYSE: AAP) stock shifted violently into reverse this week. The quarter's non-GAAP (adjusted) net income was a shade under $228 million ($3.74 per share), less than 3% higher than in the second quarter of 2021. According to data provided by S&P Global Market Intelligence, the auto parts retailer's shares were down by nearly 13% week to date as of Thursday evening.
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The quarter's non-GAAP (adjusted) net income was a shade under $228 million ($3.74 per share), less than 3% higher than in the second quarter of 2021. What happened Advance Auto Parts' (NYSE: AAP) stock shifted violently into reverse this week. It now expects to book $11 billion to $11.2 billion in net sales, with adjusted earnings per share coming in at $12.75 to $13.25.
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What happened Advance Auto Parts' (NYSE: AAP) stock shifted violently into reverse this week. The quarter's non-GAAP (adjusted) net income was a shade under $228 million ($3.74 per share), less than 3% higher than in the second quarter of 2021. Melich not only lowered the stock's price target to $215 from $230, he also removed Advance stock from his company's SMID Cap Best Idea List.
|
What happened Advance Auto Parts' (NYSE: AAP) stock shifted violently into reverse this week. The quarter's non-GAAP (adjusted) net income was a shade under $228 million ($3.74 per share), less than 3% higher than in the second quarter of 2021. These revealed that the company's net sales rose, albeit slightly, by under 1% year over year to $2.67 billion for the period.
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10901.0
|
2022-08-24 00:00:00 UTC
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Advance Auto (AAP) Q2 Earnings Meet Estimates, 2022 View Cut
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AAP
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https://www.nasdaq.com/articles/advance-auto-aap-q2-earnings-meet-estimates-2022-view-cut
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nan
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nan
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $3.74 per share for second-quarter 2022 (ended Jul 16, 2022), up 10% from the year-ago quarter figure. The reported figure was in line with the Zacks Consensus Estimate. Our estimate for second-quarter 2022 EPS was $3.79. Advance Auto generated net revenues of $2,665.4 million, falling short of the Zacks Consensus Estimate of $2,748 million but edging up 0.6% from the year-ago reported figure.Our estimate for the top line was $2,762.3 million.
Comparable same-store declined 0.60%. Adjusted operating income was up 3.6% year over year to $312.8 million despite a rise in SG&A costs. Adjusted SG&A expenses totaled $984 million for second-quarter 2022, up from $944.3 million in the year-ago period.
Advance Auto Parts currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise
Advance Auto Parts, Inc. price-consensus-eps-surprise-chart | Advance Auto Parts, Inc. Quote
Financial Position
Advance Auto had cash and cash equivalents of $240.5 million as of Jul 16, 2022 compared with $601.4 million on Jan 1, 2022. Total long-term debt was $1,187.5 million as of Jul 16, 2022, up from $1,034.3 million on Jan 1, 2022. During the reported quarter, net cash provided by operating activities totaled $308.5 million, down from $776.2 million recorded in the second quarter of 2021. AAP recorded an FCF of $97.3 million in the quarter under review, down from $646.6 million in the comparable year-ago period.
Dividend & Share Repurchase
AAP’s board declared a cash dividend of $1.50 a share, which would be payable on Sep 30, 2022 to all common shareholders of record as of Sep 16, 2022.
During the quarter under discussion, AAP repurchased around 1 million shares for $200 million at an average price of $199.02 per share. At the end of second-quarter 2022, AAP had $1.1 billion remaining under the share-repurchase program.
Store Update
As of Jul 16, 2022, AAP operated 4,724 stores and 312 Worldpac branches in the United States, Canada, Puerto Rico, and U.S. Virgin Islands. It also served 1,329 independently-owned Carquest-branded stores across these locations, in addition to Mexico and various Caribbean Islands.
2022 Guidance Trimmed
Advance Auto estimates 2022 net sales in the band of $11-$11.2 billion, down from the previous guided range of $11.2-$11.5 billion. Comparable store sales are now envisioned to decline up to 1% as against the prior forecast of 1-3% growth. Adjusted operating income margin is envisioned in the range of 9.8-10%, down from the prior estimate of 10-10.2%. Advance Auto expects capex in the $300-$350 million range, implying no change from the prior outlook. The company now targets FCF of a minimum of $700 million, down from $775 million estimated earlier. Adjusted EPS is now forecast between $12.75 and $13.25, down from the previously guided range of $13.30-$13.85. The auto parts retailer now intends to buy back stocks worth $500-$600 million in 2022. It aims to open 125-150 new stores this year.
How Did ORLY Fare in Q2?
Advance Auto’s close peer O’Reilly Automotive ORLY reported second-quarter 2022 adjusted earnings per share of $8.78, missing the Zacks Consensus Estimate of $8.98. The bottom line, however, increased 5.4% from $8.33 recorded in the prior-year quarter. O’Reilly registered quarterly revenues of $3,670.7 million, missing the consensus mark of $3,696 million. The top line, however, was nearly 6% higher than the prior-year figure of $3,465.6 million.
During the quarter, ORLY opened 62 new stores in the United States. It did not open any new stores in Mexico. The total store count was 5,900 as of Jun 30, 2022. The company had cash and cash equivalents of $253.9 million at the end of the second quarter, falling from $631.6 million in the year-ago quarter. Its long-term debt was $4,669.8 million, higher than the year-ago level of $3,825.2 million.
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O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $3.74 per share for second-quarter 2022 (ended Jul 16, 2022), up 10% from the year-ago quarter figure. AAP recorded an FCF of $97.3 million in the quarter under review, down from $646.6 million in the comparable year-ago period. Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 a share, which would be payable on Sep 30, 2022 to all common shareholders of record as of Sep 16, 2022.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $3.74 per share for second-quarter 2022 (ended Jul 16, 2022), up 10% from the year-ago quarter figure. AAP recorded an FCF of $97.3 million in the quarter under review, down from $646.6 million in the comparable year-ago period. Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 a share, which would be payable on Sep 30, 2022 to all common shareholders of record as of Sep 16, 2022.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $3.74 per share for second-quarter 2022 (ended Jul 16, 2022), up 10% from the year-ago quarter figure. AAP recorded an FCF of $97.3 million in the quarter under review, down from $646.6 million in the comparable year-ago period. Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 a share, which would be payable on Sep 30, 2022 to all common shareholders of record as of Sep 16, 2022.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $3.74 per share for second-quarter 2022 (ended Jul 16, 2022), up 10% from the year-ago quarter figure. AAP recorded an FCF of $97.3 million in the quarter under review, down from $646.6 million in the comparable year-ago period. Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 a share, which would be payable on Sep 30, 2022 to all common shareholders of record as of Sep 16, 2022.
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10902.0
|
2022-08-24 00:00:00 UTC
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Advance Auto Parts Slips On Lower Q2 Profit, Cut In FY22 Outlook
|
AAP
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https://www.nasdaq.com/articles/advance-auto-parts-slips-on-lower-q2-profit-cut-in-fy22-outlook
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nan
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nan
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(RTTNews) - Advance Auto Parts, Inc. (AAP) shares are down more than 10 percent on Wednesday morning trade after the company reported a fall in profit for the second quarter and a decrease in comparable sales. Further, the provider of automotive replacement parts, accessories, batteries, and maintenance items are expecting a lower sales and adjusted earnings outlook.
Looking ahead to the full year 2022, the company expects adjusted earnings of $12.75-$13.25, lower than its previous projection of $13.30-$13.85. Net sales for the full year is now expected in a range of $11,000 to $11,200 million, while the previous expectation was in a range of $11,200 to $11,500 million.
Currently, shares are at $178.65, down 10.25 percent from the previous close of $199.05 on a volume of 857,367.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts, Inc. (AAP) shares are down more than 10 percent on Wednesday morning trade after the company reported a fall in profit for the second quarter and a decrease in comparable sales. Further, the provider of automotive replacement parts, accessories, batteries, and maintenance items are expecting a lower sales and adjusted earnings outlook. Looking ahead to the full year 2022, the company expects adjusted earnings of $12.75-$13.25, lower than its previous projection of $13.30-$13.85.
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(RTTNews) - Advance Auto Parts, Inc. (AAP) shares are down more than 10 percent on Wednesday morning trade after the company reported a fall in profit for the second quarter and a decrease in comparable sales. Further, the provider of automotive replacement parts, accessories, batteries, and maintenance items are expecting a lower sales and adjusted earnings outlook. Looking ahead to the full year 2022, the company expects adjusted earnings of $12.75-$13.25, lower than its previous projection of $13.30-$13.85.
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(RTTNews) - Advance Auto Parts, Inc. (AAP) shares are down more than 10 percent on Wednesday morning trade after the company reported a fall in profit for the second quarter and a decrease in comparable sales. Looking ahead to the full year 2022, the company expects adjusted earnings of $12.75-$13.25, lower than its previous projection of $13.30-$13.85. Net sales for the full year is now expected in a range of $11,000 to $11,200 million, while the previous expectation was in a range of $11,200 to $11,500 million.
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(RTTNews) - Advance Auto Parts, Inc. (AAP) shares are down more than 10 percent on Wednesday morning trade after the company reported a fall in profit for the second quarter and a decrease in comparable sales. Looking ahead to the full year 2022, the company expects adjusted earnings of $12.75-$13.25, lower than its previous projection of $13.30-$13.85. Currently, shares are at $178.65, down 10.25 percent from the previous close of $199.05 on a volume of 857,367.
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10903.0
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2022-08-24 00:00:00 UTC
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S&P 500 Movers: AAP, INTU
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AAP
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https://www.nasdaq.com/articles/sp-500-movers%3A-aap-intu
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nan
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nan
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In early trading on Wednesday, shares of Intuit (INTU) topped the list of the day's best performing components of the S&P 500 index, trading up 6.4%. Year to date, Intuit has lost about 25.6% of its value.
And the worst performing S&P 500 component thus far on the day is Advance Auto Parts (AAP), trading down 9.5%. Advance Auto Parts is lower by about 24.9% looking at the year to date performance.
Two other components making moves today are AutoZone (AZO), trading down 3.1%, and Illumina (ILMN), trading up 4.5% on the day.
VIDEO: S&P 500 Movers: AAP, INTU
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
And the worst performing S&P 500 component thus far on the day is Advance Auto Parts (AAP), trading down 9.5%. VIDEO: S&P 500 Movers: AAP, INTU The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts is lower by about 24.9% looking at the year to date performance.
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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts (AAP), trading down 9.5%. VIDEO: S&P 500 Movers: AAP, INTU The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts is lower by about 24.9% looking at the year to date performance.
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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts (AAP), trading down 9.5%. VIDEO: S&P 500 Movers: AAP, INTU The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Wednesday, shares of Intuit (INTU) topped the list of the day's best performing components of the S&P 500 index, trading up 6.4%.
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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts (AAP), trading down 9.5%. VIDEO: S&P 500 Movers: AAP, INTU The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts is lower by about 24.9% looking at the year to date performance.
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10904.0
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2022-08-24 00:00:00 UTC
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Advance Auto Parts Q2 22 Earnings Conference Call At 8:00 AM ET
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q2-22-earnings-conference-call-at-8%3A00-am-et
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nan
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nan
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(RTTNews) - Advance Auto Parts, Inc. (AAP) will host a conference call at 8:00 AM ET on August 24, 2022, to discuss Q2 22 earnings results.
To access the live webcast, log on to https://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/default.aspx
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts, Inc. (AAP) will host a conference call at 8:00 AM ET on August 24, 2022, to discuss Q2 22 earnings results. To access the live webcast, log on to https://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts, Inc. (AAP) will host a conference call at 8:00 AM ET on August 24, 2022, to discuss Q2 22 earnings results. To access the live webcast, log on to https://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts, Inc. (AAP) will host a conference call at 8:00 AM ET on August 24, 2022, to discuss Q2 22 earnings results. To access the live webcast, log on to https://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts, Inc. (AAP) will host a conference call at 8:00 AM ET on August 24, 2022, to discuss Q2 22 earnings results. To access the live webcast, log on to https://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10905.0
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2022-08-23 00:00:00 UTC
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Advance Auto Parts (AAP) Meets Q2 Earnings Estimates
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-meets-q2-earnings-estimates
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nan
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nan
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Advance Auto Parts (AAP) came out with quarterly earnings of $3.74 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $3.40 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this auto parts retailer would post earnings of $3.53 per share when it actually produced earnings of $3.57, delivering a surprise of 1.13%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $2.67 billion for the quarter ended June 2022, missing the Zacks Consensus Estimate by 2.99%. This compares to year-ago revenues of $2.65 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Advance Auto Parts shares have lost about 17.3% since the beginning of the year versus the S&P 500's decline of -13.2%.
What's Next for Advance Auto Parts?
While Advance Auto Parts has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Advance Auto Parts: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.69 on $2.74 billion in revenues for the coming quarter and $13.68 on $11.38 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Wholesale - Parts is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
AutoZone (AZO), another stock in the same industry, has yet to report results for the quarter ended August 2022.
This auto parts retailer is expected to post quarterly earnings of $38.38 per share in its upcoming report, which represents a year-over-year change of +7.5%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level.
AutoZone's revenues are expected to be $5.14 billion, up 4.5% from the year-ago quarter.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Advance Auto Parts (AAP) came out with quarterly earnings of $3.74 per share, in line with the Zacks Consensus Estimate. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts (AAP) came out with quarterly earnings of $3.74 per share, in line with the Zacks Consensus Estimate. Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $2.67 billion for the quarter ended June 2022, missing the Zacks Consensus Estimate by 2.99%.
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Advance Auto Parts (AAP) came out with quarterly earnings of $3.74 per share, in line with the Zacks Consensus Estimate. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $2.67 billion for the quarter ended June 2022, missing the Zacks Consensus Estimate by 2.99%.
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Advance Auto Parts (AAP) came out with quarterly earnings of $3.74 per share, in line with the Zacks Consensus Estimate. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $2.67 billion for the quarter ended June 2022, missing the Zacks Consensus Estimate by 2.99%.
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10906.0
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2022-08-23 00:00:00 UTC
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Advance Auto Parts Q2 Profit Decreases, misses estimates
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q2-profit-decreases-misses-estimates
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nan
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nan
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(RTTNews) - Advance Auto Parts (AAP) released a profit for second quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $144.40 million, or $2.38 per share. This compares with $178.70 million, or $2.74 per share, in last year's second quarter.
Excluding items, Advance Auto Parts reported adjusted earnings of $227.78 million or $3.74 per share for the period.
Analysts on average had expected the company to earn $3.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.8% to $2.67 billion from $2.65 billion last year.
Advance Auto Parts earnings at a glance (GAAP) :
-Earnings (Q2): $144.40 Mln. vs. $178.70 Mln. last year. -EPS (Q2): $2.38 vs. $2.74 last year. -Analyst Estimates: $3.76 -Revenue (Q2): $2.67 Bln vs. $2.65 Bln last year.
-Guidance: Full year EPS guidance: $12.75 - $13.25 Full year revenue guidance: $11.00 - $11.20 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) released a profit for second quarter that decreased from last year and missed the Street estimates. Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q2): $144.40 Mln. Excluding items, Advance Auto Parts reported adjusted earnings of $227.78 million or $3.74 per share for the period.
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Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q2): $144.40 Mln. (RTTNews) - Advance Auto Parts (AAP) released a profit for second quarter that decreased from last year and missed the Street estimates. Excluding items, Advance Auto Parts reported adjusted earnings of $227.78 million or $3.74 per share for the period.
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(RTTNews) - Advance Auto Parts (AAP) released a profit for second quarter that decreased from last year and missed the Street estimates. Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q2): $144.40 Mln. Excluding items, Advance Auto Parts reported adjusted earnings of $227.78 million or $3.74 per share for the period.
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Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q2): $144.40 Mln. (RTTNews) - Advance Auto Parts (AAP) released a profit for second quarter that decreased from last year and missed the Street estimates. This compares with $178.70 million, or $2.74 per share, in last year's second quarter.
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10907.0
|
2022-08-23 00:00:00 UTC
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Noteworthy Tuesday Option Activity: SPB, AAP, APO
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AAP
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-spb-aap-apo
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Spectrum Brands Holdings Inc (Symbol: SPB), where a total of 2,530 contracts have traded so far, representing approximately 253,000 underlying shares. That amounts to about 63.1% of SPB's average daily trading volume over the past month of 400,855 shares. Especially high volume was seen for the $65 strike put option expiring September 16, 2022, with 1,502 contracts trading so far today, representing approximately 150,200 underlying shares of SPB. Below is a chart showing SPB's trailing twelve month trading history, with the $65 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 3,529 contracts thus far today. That number of contracts represents approximately 352,900 underlying shares, working out to a sizeable 62% of AAP's average daily trading volume over the past month, of 568,750 shares. Especially high volume was seen for the $190 strike put option expiring September 16, 2022, with 379 contracts trading so far today, representing approximately 37,900 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $190 strike highlighted in orange:
And Apollo Global Management Inc (new (Symbol: APO) options are showing a volume of 13,093 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 61.9% of APO's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $47.50 strike put option expiring September 16, 2022, with 5,160 contracts trading so far today, representing approximately 516,000 underlying shares of APO. Below is a chart showing APO's trailing twelve month trading history, with the $47.50 strike highlighted in orange:
For the various different available expirations for SPB options, AAP options, or APO options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $190 strike put option expiring September 16, 2022, with 379 contracts trading so far today, representing approximately 37,900 underlying shares of AAP. Below is a chart showing SPB's trailing twelve month trading history, with the $65 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 3,529 contracts thus far today. That number of contracts represents approximately 352,900 underlying shares, working out to a sizeable 62% of AAP's average daily trading volume over the past month, of 568,750 shares.
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That number of contracts represents approximately 352,900 underlying shares, working out to a sizeable 62% of AAP's average daily trading volume over the past month, of 568,750 shares. Below is a chart showing SPB's trailing twelve month trading history, with the $65 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 3,529 contracts thus far today. Especially high volume was seen for the $190 strike put option expiring September 16, 2022, with 379 contracts trading so far today, representing approximately 37,900 underlying shares of AAP.
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Especially high volume was seen for the $190 strike put option expiring September 16, 2022, with 379 contracts trading so far today, representing approximately 37,900 underlying shares of AAP. Below is a chart showing SPB's trailing twelve month trading history, with the $65 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 3,529 contracts thus far today. That number of contracts represents approximately 352,900 underlying shares, working out to a sizeable 62% of AAP's average daily trading volume over the past month, of 568,750 shares.
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That number of contracts represents approximately 352,900 underlying shares, working out to a sizeable 62% of AAP's average daily trading volume over the past month, of 568,750 shares. Below is a chart showing APO's trailing twelve month trading history, with the $47.50 strike highlighted in orange: For the various different available expirations for SPB options, AAP options, or APO options, visit StockOptionsChannel.com. Below is a chart showing SPB's trailing twelve month trading history, with the $65 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 3,529 contracts thus far today.
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10908.0
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2022-08-22 00:00:00 UTC
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First Week of October 21st Options Trading For Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/first-week-of-october-21st-options-trading-for-advance-auto-parts
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading this week, for the October 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new October 21st contracts and identified one put and one call contract of particular interest.
The put contract at the $195.00 strike price has a current bid of $7.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $195.00, but will also collect the premium, putting the cost basis of the shares at $187.50 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $202.65/share today.
Because the $195.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.85% return on the cash commitment, or 23.40% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $195.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $210.00 strike price has a current bid of $6.90. If an investor was to purchase shares of AAP stock at the current price level of $202.65/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $210.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.03% if the stock gets called away at the October 21st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $210.00 strike highlighted in red:
Considering the fact that the $210.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 60%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.40% boost of extra return to the investor, or 20.71% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 38%, while the implied volatility in the call contract example is 33%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $202.65) to be 31%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $210.00 strike highlighted in red: Considering the fact that the $210.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading this week, for the October 21st expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $210.00 strike highlighted in red: Considering the fact that the $210.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading this week, for the October 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new October 21st contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $210.00 strike highlighted in red: Considering the fact that the $210.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading this week, for the October 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new October 21st contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new October 21st contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $210.00 strike highlighted in red: Considering the fact that the $210.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading this week, for the October 21st expiration.
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10909.0
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2022-08-22 00:00:00 UTC
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This 1 Retail and Wholesale Stock Could Beat Earnings: Why It Should Be on Your Radar
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AAP
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https://www.nasdaq.com/articles/this-1-retail-and-wholesale-stock-could-beat-earnings%3A-why-it-should-be-on-your-radar-14
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nan
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nan
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Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Advance Auto Parts?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $3.77 a share, just one day from its upcoming earnings release on August 23, 2022.
By taking the percentage difference between the $3.77 Most Accurate Estimate and the $3.75 Zacks Consensus Estimate, Advance Auto Parts has an Earnings ESP of +0.48%. Investors should also know that AAP is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
AAP is one of just a large database of Retail and Wholesale stocks with positive ESPs. Another solid-looking stock is Fastenal (FAST).
Fastenal is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on October 11, 2022. FAST's Most Accurate Estimate sits at $0.48 a share 50 days from its next earnings release.
Fastenal's Earnings ESP figure currently stands at +0.35% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.48.
AAP and FAST's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
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Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Fastenal Company (FAST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $3.77 a share, just one day from its upcoming earnings release on August 23, 2022. Investors should also know that AAP is one of a large group of stocks with positive ESPs. AAP is one of just a large database of Retail and Wholesale stocks with positive ESPs.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $3.77 a share, just one day from its upcoming earnings release on August 23, 2022. Investors should also know that AAP is one of a large group of stocks with positive ESPs.
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Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $3.77 a share, just one day from its upcoming earnings release on August 23, 2022. Investors should also know that AAP is one of a large group of stocks with positive ESPs. AAP is one of just a large database of Retail and Wholesale stocks with positive ESPs.
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AAP and FAST's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report. Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $3.77 a share, just one day from its upcoming earnings release on August 23, 2022. Investors should also know that AAP is one of a large group of stocks with positive ESPs.
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10910.0
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2022-08-21 00:00:00 UTC
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One Advance Auto Parts, Inc. (NYSE:AAP) insider reduced their stake by 24% in the previous year
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AAP
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https://www.nasdaq.com/articles/one-advance-auto-parts-inc.-nyse%3Aaap-insider-reduced-their-stake-by-24-in-the-previous
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Viewing insider transactions for Advance Auto Parts, Inc.'s (NYSE:AAP ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Advance Auto Parts
The Executive Vice President of Professional, Robert Cushing, made the biggest insider sale in the last 12 months. That single transaction was for US$708k worth of shares at a price of US$202 each. That means that even when the share price was below the current price of US$207, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 24% of Robert Cushing's holding. Robert Cushing was the only individual insider to sell shares in the last twelve months.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:AAP Insider Trading Volume August 21st 2022
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Advance Auto Parts
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Advance Auto Parts insiders own 0.3% of the company, worth about US$36m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Advance Auto Parts Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Advance Auto Parts shares in the last quarter. Still, the insider transactions at Advance Auto Parts in the last 12 months are not very heartening. The modest level of insider ownership is, at least, some comfort. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, we've identified 1 warning sign with Advance Auto Parts and understanding this should be part of your investment process.
Of course Advance Auto Parts may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Viewing insider transactions for Advance Auto Parts, Inc.'s (NYSE:AAP ) over the last year, we see that insiders were net sellers. NYSE:AAP Insider Trading Volume August 21st 2022 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. A high insider ownership often makes company leadership more mindful of shareholder interests.
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Viewing insider transactions for Advance Auto Parts, Inc.'s (NYSE:AAP ) over the last year, we see that insiders were net sellers. NYSE:AAP Insider Trading Volume August 21st 2022 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. So What Do The Advance Auto Parts Insider Transactions Indicate?
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Viewing insider transactions for Advance Auto Parts, Inc.'s (NYSE:AAP ) over the last year, we see that insiders were net sellers. NYSE:AAP Insider Trading Volume August 21st 2022 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. The Last 12 Months Of Insider Transactions At Advance Auto Parts The Executive Vice President of Professional, Robert Cushing, made the biggest insider sale in the last 12 months.
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Viewing insider transactions for Advance Auto Parts, Inc.'s (NYSE:AAP ) over the last year, we see that insiders were net sellers. NYSE:AAP Insider Trading Volume August 21st 2022 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. It doesn't really mean much that no insider has traded Advance Auto Parts shares in the last quarter.
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10911.0
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2022-08-19 00:00:00 UTC
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Here's Why Dollar Tree (DLTR) is Poised for Q2 Earnings Beat
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AAP
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https://www.nasdaq.com/articles/heres-why-dollar-tree-dltr-is-poised-for-q2-earnings-beat
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nan
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Dollar Tree, Inc. DLTR is likely to register increases in the top and bottom lines when it reports second-quarter fiscal 2022 results on Aug 25, before market open. The Zacks Consensus Estimate for revenues is pegged at $6.79 billion, indicating an improvement of 7% from the prior-year quarter’s reported figure.
The bottom line of the operator of discount variety retail stores is also expected to increase year over year. The Zacks Consensus Estimate for fiscal second-quarter earnings is pegged at $1.57 per share, suggesting growth of 27.6% from the year-ago period. The consensus mark has been unchanged in the past 30 days.
The company has a trailing four-quarter earnings surprise of 13.1%, on average. In the last reported quarter, the Chesapeake, VA-based company outperformed the Zacks Consensus Estimate by 19.7%.
Dollar Tree, Inc. Price and EPS Surprise
Dollar Tree, Inc. price-eps-surprise | Dollar Tree, Inc. Quote
Factors to Consider
Dollar Tree’s second-quarter fiscal 2022 results are likely to have gained from the completion of the conversion of the Dollar Tree banner’s $1.25 price point initiative. This is expected to have boosted the top line and margins in the fiscal second quarter. Its Combo store and H2 renovation initiatives also bode well.
The company’s restructuring and expansion initiatives, including store openings and improvement of distribution centers, are likely to have boosted revenues in the to-be-reported quarter. Dollar Tree has been on track to leverage Family Dollar and Dollar Tree distribution center systems, and combined merchandise.
The company’s digital and omni-channel capabilities, and same-day delivery service with Instacart are also expected to have driven traffic trends in the fiscal second quarter. The aforementioned factors instill optimism regarding the upcoming results.
Dollar Tree’s margins are likely to have benefited from measures to control costs. Despite the continued increase in freight costs and SG&A expenses, the gross margin is expected to reflect gains from improved initial mark-on, favorable product mix at the Dollar Tree banner, and distribution and occupancy cost leverage. On the last reported quarter’searnings call management anticipated improved margins for the Dollar Tree banner in the quarters ahead, driven by strategic initiatives and leverage on SG&A.
On the last reported quarter’searnings call management predicted consolidated net sales of $6.65-$6.78 billion for second-quarter fiscal 2022, with enterprise same-store sales growth in the low to mid-single digits. DLTR anticipated earnings of $1.45-$1.55 per share.
However, elevated freight costs have been weighing on the company’s gross margin for a while now. On the last quarter’searnings call the company expected freight and supply-chain disruptions to remain headwinds in the near term. It anticipated the cost pressures from domestic import freight to continue in the first half of 2022 due to the annualization of fiscal 2021 rates. Additionally, management predicted significantly higher diesel fuel prices for fiscal 2022. These are likely to have dented the company’s margins and bottom line to some extent in the to-be-reported quarter.
Moreover, Dollar Tree’s earnings view for the fiscal second quarter includes a 24-cent-per-share impact from the West Memphis distribution center matter and stock compensation expenses.
What the Zacks Model Unveils
Our proven conclusively predicts an earnings beat for Dollar Tree this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Dollar Tree has a Zacks Rank #2 and an Earnings ESP of +1.75%.
Other Stocks With Favorable Combination
Here are some other companies you may want to consider, as our model shows that these also have the right combination of elements to post an earnings beat this season:
Ulta Beauty ULTA currently has an Earnings ESP of +2.37% and a Zacks Rank of 2. The company is likely to register top and bottom-line growth when it reports second-quarter fiscal 2022 results. The consensus mark for ULTA’s quarterly revenues is pegged at $2.2 billion, which suggests a rise of 11.7% from the figure reported in the prior-year quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ulta Beauty’s earnings has moved up 0.4% to $4.86 per share in the past seven days. The consensus estimate indicates 6.6% growth from $4.56 reported in the year-ago quarter. ULTA delivered an earnings beat of 49.8%, on average, in the trailing four quarters.
Dollar General DG currently has an Earnings ESP of +1.14% and a Zacks Rank of 2. The company is likely to register increases in the top and bottom lines when it reports second-quarter fiscal 2022 numbers. The consensus mark for DG’s quarterly earnings has moved down by a penny in the past seven days to $2.91 per share. The consensus estimate suggests 8.2% growth from the year-ago quarter’s reported number.
The Zacks Consensus Estimate for Dollar General’s quarterly revenues is pegged at $9.4 billion, which suggests growth of 8.5% from the figure reported in the prior-year quarter. DG delivered an earnings beat of 2.8%, on average, in the trailing four quarters.
Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. The Zacks Consensus Estimate for its second-quarter 2022 earnings has moved 0.5% south to $3.75 per share in the past 30 days. However, the consensus mark suggests 10.3% growth from the year-ago quarter’s reported number.
Advance Auto Parts’ top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.75 billion, which suggests a rise of 3.7% from the figure reported in the prior-year quarter. AAP delivered an earnings beat of 9.2%, on average, in the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Dollar General Corporation (DG): Free Stock Analysis Report
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Ulta Beauty Inc. (ULTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP delivered an earnings beat of 9.2%, on average, in the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP delivered an earnings beat of 9.2%, on average, in the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP delivered an earnings beat of 9.2%, on average, in the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP delivered an earnings beat of 9.2%, on average, in the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10912.0
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2022-08-19 00:00:00 UTC
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Williams-Sonoma (WSM) to Report Q2 Earnings: What to Expect?
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AAP
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https://www.nasdaq.com/articles/williams-sonoma-wsm-to-report-q2-earnings%3A-what-to-expect
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nan
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nan
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Williams-Sonoma, Inc. WSM is scheduled to report second-quarter fiscal 2022 results on Aug 24, after the closing bell.
In the last reported quarter, the company’s earnings and revenues surpassed the Zacks Consensus Estimate by 17.1% and 3.3%, respectively. On a year-over-year basis, earnings and revenues of this multi-channel specialty retailer of premium quality home products improved 19.5% and 8.1%, respectively.
Markedly, Williams-Sonoma reported better-than-expected earnings in the last four quarters, with the average being 16.1%.
Trend in Estimate Revision
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has decreased to $3.47 from $3.49 over the past 30 days. That said, the estimated figure indicates an increase of 7.1% from $3.24 per share reported in the year-ago quarter. The consensus mark for revenues is pegged at $2.03 billion, suggesting 4.1% growth from the year-ago figure of $1.95 billion.
WilliamsSonoma, Inc. Price and EPS Surprise
WilliamsSonoma, Inc. price-eps-surprise | WilliamsSonoma, Inc. Quote
Factors to Note
Strength across all brands, along with rising e-commerce growth, accelerating growth initiatives, and operational improvements are expected to have contributed to Williams-Sonoma’s fiscal second-quarter performance. Notably, the accelerating online sales trend is expected to have meaningfully contributed to its top line in the to-be-reported quarter.
The multi-channel multi-brand platform, strong e-commerce growth, solid execution of strategic initiatives, digital leadership, product innovation, retail transformation and operational excellence across businesses are also expected to have provided some support to the top line. Also, cross-brand initiatives are expected to have positively contributed to consolidated comps to some extent.
However, supply-chain disruptions and rising raw material and labor costs are likely to have weighed on its quarterly performance.
Importantly, weak results from home-furnishing peers suggest slowing discretionary demand conditions. Also, key leading indicators for WSM’s business, like existing home sales, are still depicting worrisome pictures. Softening category demand owing to inflationary pressure and macro as well as geo-political concerns have been weighing on consumers’ capacity to spend on discretionary products.
The Zacks Consensus Estimate for Pottery Barn Kids and Teen’s comps growth is pegged at down 2%. The same had improved 18% a year ago. In first-quarter fiscal 2022, comps declined 3.1% year over year.
The Zacks Consensus Estimate for Pottery Barn’s comps growth is pegged at 9.3%. The same improved 29.6% a year ago. In first-quarter fiscal 2022, comps grew 14.6% year over year.
The Zacks Consensus Estimate for West Elm’s comps growth is pegged at 9.3%. The metric was 27.8% a year ago and 12.8% in the last reported quarter.
The Zacks Consensus Estimate for the namesake brand’s comps is pegged at down 1.3%. The metric came in at 29.8% growth a year ago and 9.5% in the last reported quarter.
What the Zacks Model Says
Our proven model does not conclusively predict an earnings beat for Williams-Sonoma this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here, as you will see below.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Williams-Sonoma currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks With Favorable Combination
Here are some stocks from the broader Retail-Wholesale sector that you may want to consider, as our model shows that they have the right combination of elements to post an earnings beat for the to-be-reported quarter:
Dollar Tree, Inc. DLTR has an Earnings ESP of +1.75% and a Zacks Rank #2.
Shares of Dollar Tree’s have increased 63.7% in the past year. DLTR’s earnings surpassed the consensus mark in all of the trailing four quarters, with the average surprise being 13.1%.
Dollar General Corporation DG has an Earnings ESP of +1.14% and a Zacks Rank #2.
Shares of Dollar General have gained 9.8% in the past year. DG’s earnings beat the consensus mark in each of the last four quarters. The company has a trailing four-quarter earnings surprise of 2.8%, on average.
Advance Auto Parts, Inc. AAP has an Earnings ESP of +0.48% and a Zacks Rank #3.
Shares of Advance Auto Parts have declined 1% in the past year. AAP’s earnings topped the consensus mark in each of the trailing four quarters. The company has a trailing four-quarter earnings surprise of 9.2%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dollar General Corporation (DG): Free Stock Analysis Report
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
WilliamsSonoma, Inc. (WSM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP has an Earnings ESP of +0.48% and a Zacks Rank #3. AAP’s earnings topped the consensus mark in each of the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, Inc. AAP has an Earnings ESP of +0.48% and a Zacks Rank #3. AAP’s earnings topped the consensus mark in each of the trailing four quarters.
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Advance Auto Parts, Inc. AAP has an Earnings ESP of +0.48% and a Zacks Rank #3. AAP’s earnings topped the consensus mark in each of the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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AAP’s earnings topped the consensus mark in each of the trailing four quarters. Advance Auto Parts, Inc. AAP has an Earnings ESP of +0.48% and a Zacks Rank #3. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10913.0
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2022-08-19 00:00:00 UTC
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Will Advance Auto (AAP) Q2 Earnings Sustain the Beat Streak?
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AAP
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https://www.nasdaq.com/articles/will-advance-auto-aap-q2-earnings-sustain-the-beat-streak
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nan
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Advance Auto Parts, Inc. AAP is slated to announce second-quarter 2022 results on Aug 23, after the closing bell. The Zacks Consensus Estimate for the quarter’s earnings and revenues is pegged at $3.75 per share and $2.75 billion, respectively.
The Zacks Consensus Estimate for Advance Auto Parts’ second-quarter earnings per share has been revised downward by 2 cents in the past 30 days. The bottom-line projection, however, implies year-over-year growth of 10.3%. The Zacks Consensus Estimate for quarterly revenues suggests an increase of 3.7% on a year-over-year basis.
This aftermarket auto parts distributor delivered better-than-anticipated earnings in the last reported quarter on higher-than-expected comparable store sales growth. Over the trailing four quarters, Advance Auto Parts surpassed estimates on all occasions, with the average surprise being 9.23%.
Advance Auto Parts, Inc. Price and EPS Surprise
Advance Auto Parts, Inc. price-eps-surprise | Advance Auto Parts, Inc. Quote
What Does Our Model Say?
Our proven model predicts an earnings beat for Advance Auto Parts this time around as well. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This has been elaborated below.
Earnings ESP: Advance Auto Parts has an Earnings ESP of +0.48%. This is because the Most Accurate Estimate is pegged 2 cents higher than the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Advance Auto Parts currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors to Note
Increasing customer demand for personal vehicles is anticipated to have fueled the demand for automotive replacement parts, accessories, batteries and maintenance items. Advance Auto Parts’ upcoming results are likely to get a boost from the same.
AAP is also likely to have gained from the digital ramp-up and rising e-commerce initiatives. The significant advancement of its DIY omni-channel digital platform and enhancements to the online portal, MyAdvance, are expected to have increased traffic and resulted in higher conversion rates, which are likely to have boosted revenues during the quarter in discussion. The consensus mark for comparable same-store sales growth for the quarter is 2.30%, indicating an increase from 0.60% recorded in the last quarter.
The completion of the rollout of cross-banner replenishment is likely to have delivered savings. The firm’s Warehouse Management Systems and Labor Management System initiatives remained on track and are expected to have driven productivity.
AAP’s second-quarter results are likely to reflect the benefits from its strengthening foothold through the opening of new stores. The Zacks Consensus Estimate for the total number of retail stores at second quarter-end is pegged at 5,016, indicating growth from the last quarter and the year-ago quarter’s store count of 4,998 and 4,963, respectively.
The upbeat 2022 sales and profit outlook sparks optimism for the upcoming results. Advance Auto estimates 2022 net sales in the band of $11.2-$11.5 billion, up from 2021 sales of $10.99 billion. Adjusted EPS is forecast between $13.30 and $13.85, up from $12.02 in 2021.
How Did ORLY Fare in Q2?
Advance Auto’s close peer O’Reilly Automotive ORLY reported second-quarter 2022 adjusted earnings per share of $8.78, missing the Zacks Consensus Estimate of $8.98.The bottom line, however, increased 5.4% from $8.33 recorded in the prior-year quarter. O’Reilly registered quarterly revenues of $3,670.7 million, missing the consensus mark of $3,696 million. The top line, however, was nearly 6% higher than the prior-year figure of $3,465.6 million.
During the quarter, ORLY opened 62 new stores in the United States. It did not open any new stores in Mexico. The total store count was 5,900 as of Jun 30, 2022. The company had cash and cash equivalents of $253.9 million at the end of the second quarter, falling from $631.6 million in the year-ago quarter. Its long-term debt was $4,669.8 million, higher than the year-ago level of $3,825.2 million.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP is slated to announce second-quarter 2022 results on Aug 23, after the closing bell. AAP is also likely to have gained from the digital ramp-up and rising e-commerce initiatives. AAP’s second-quarter results are likely to reflect the benefits from its strengthening foothold through the opening of new stores.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, Inc. AAP is slated to announce second-quarter 2022 results on Aug 23, after the closing bell. AAP is also likely to have gained from the digital ramp-up and rising e-commerce initiatives.
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Advance Auto Parts, Inc. AAP is slated to announce second-quarter 2022 results on Aug 23, after the closing bell. AAP is also likely to have gained from the digital ramp-up and rising e-commerce initiatives. AAP’s second-quarter results are likely to reflect the benefits from its strengthening foothold through the opening of new stores.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, Inc. AAP is slated to announce second-quarter 2022 results on Aug 23, after the closing bell. AAP is also likely to have gained from the digital ramp-up and rising e-commerce initiatives.
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10914.0
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2022-08-18 00:00:00 UTC
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Advanced Auto Parts Q2 Preview: Another EPS Beat Inbound?
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AAP
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https://www.nasdaq.com/articles/advanced-auto-parts-q2-preview%3A-another-eps-beat-inbound
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nan
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nan
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The Zacks Retail and Wholesale Sector has been scorching hot over the last month, increasing by more than 13% in value and outperforming the S&P 500 by a fair margin. However, the sector is still deep in the red YTD.
A big-time player in the sector, Advanced Auto Parts AAP, is on deck to reveal Q2 results on Tuesday, August 23rd, after market close.
Advanced Auto Parts primarily sells replacement parts (excluding tires), accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy-duty trucks.
In addition, the company sports a Zacks Rank #3 (Hold) with an overall VGM Score of a B. How does the auto retailer stack up heading into its print? Let’s take a closer look.
Share Performance & Valuation
Year-to-date, Advanced Auto Parts shares have struggled, losing 12% in value and marginally underperforming the S&P 500.
Image Source: Zacks Investment Research
However, over the last month, AAP shares have posted market-beating returns, tacking on an impressive 9% in value.
Image Source: Zacks Investment Research
Additionally, the company carries enticing valuation levels, further bolstered by its Style Score of a B for Value. AAP’s 15.4X forward earnings multiple is well beneath its five-year median of 18.8X and represents a steep 43% discount relative to its Zacks Sector.
Image Source: Zacks Investment Research
Quarterly Estimates
A singular analyst has lowered their earnings outlook for the quarter to be reported over the last 60 days. Still, the Zacks Consensus EPS Estimate of $3.75 reflects a double-digit 10.3% Y/Y uptick in quarterly earnings.
Image Source: Zacks Investment Research
AAP’s top-line appears to be in excellent health as well – the company is forecasted to have generated $2.8 billion in revenue throughout the quarter, penciling in a modest 3.7% year-over-year uptick.
Quarterly Performance & Market Reactions
Advanced Auto has consistently reported strong bottom-line results, exceeding the Zacks Consensus EPS Estimate in five consecutive quarters. Just in its latest print, the auto retailer registered a 1.1% bottom-line beat.
Top-line results have also been rock-solid, with AAP recording eight top-line beats over its last nine quarters. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
In addition, the market hasn’t reacted well in response to AAP’s previous three quarterly prints, with shares moving down following all three.
Putting Everything Together
AAP shares still reside in the red year-to-date, but buyers have stepped up significantly over the past month, driving shares upwards.
Furthermore, the company sports solid valuation levels, with shares trading well below their five-year median and nowhere near their Zacks Sector.
A singular analyst has lowered their outlook for the quarter, but estimates still reflect strong growth on both the top and bottom-lines.
The company has consistently beaten quarterly estimates, but the market hasn’t reacted well as of late following its quarterly prints.
Heading into the release, Advanced Auto Parts AAP carries a Zacks Rank #3 (Hold) with an Earnings ESP Score of 0.5%.
Free: Top Stocks for the $30 Trillion Metaverse Boom
The metaverse is a quantum leap for the internet as we currently know it - and it will make some investors rich. Just like the internet, the metaverse is expected to transform how we live, work and play. Zacks has put together a new special report to help readers like you target big profits. The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks reveals specific stocks set to skyrocket as this emerging technology develops and expands.
Download Zacks’ Metaverse Report now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A big-time player in the sector, Advanced Auto Parts AAP, is on deck to reveal Q2 results on Tuesday, August 23rd, after market close. Image Source: Zacks Investment Research AAP’s top-line appears to be in excellent health as well – the company is forecasted to have generated $2.8 billion in revenue throughout the quarter, penciling in a modest 3.7% year-over-year uptick. Image Source: Zacks Investment Research In addition, the market hasn’t reacted well in response to AAP’s previous three quarterly prints, with shares moving down following all three.
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A big-time player in the sector, Advanced Auto Parts AAP, is on deck to reveal Q2 results on Tuesday, August 23rd, after market close. Image Source: Zacks Investment Research However, over the last month, AAP shares have posted market-beating returns, tacking on an impressive 9% in value. AAP’s 15.4X forward earnings multiple is well beneath its five-year median of 18.8X and represents a steep 43% discount relative to its Zacks Sector.
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Image Source: Zacks Investment Research In addition, the market hasn’t reacted well in response to AAP’s previous three quarterly prints, with shares moving down following all three. A big-time player in the sector, Advanced Auto Parts AAP, is on deck to reveal Q2 results on Tuesday, August 23rd, after market close. Image Source: Zacks Investment Research However, over the last month, AAP shares have posted market-beating returns, tacking on an impressive 9% in value.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report A big-time player in the sector, Advanced Auto Parts AAP, is on deck to reveal Q2 results on Tuesday, August 23rd, after market close. Image Source: Zacks Investment Research However, over the last month, AAP shares have posted market-beating returns, tacking on an impressive 9% in value.
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10915.0
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2022-08-18 00:00:00 UTC
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Factors to Decide the Fate of Hibbett (HIBB) in Q2 Earnings
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AAP
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https://www.nasdaq.com/articles/factors-to-decide-the-fate-of-hibbett-hibb-in-q2-earnings
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nan
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nan
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Hibbett, Inc. HIBB is likely to witness a year-over-year decline in the top and bottom lines when it reports second-quarter fiscal 2023 earnings on Aug 25. The Zacks Consensus Estimate for revenues is pegged at $399.4 million, suggesting a decline of 4.7% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for earnings has remained unchanged in the past 30 days at $2.31 per share, indicating a decline of 19.2% from the figure reported in the prior-year period.
Hibbett, which engages in the retail of athletic-inspired fashion products, has a trailing four-quarter earnings surprise of 31.6%, on average. HIBB’s earnings missed the Zacks Consensus Estimate by 12.2% in the last reported quarter.
Hibbett, Inc. Price and EPS Surprise
Hibbett, Inc. price-eps-surprise | Hibbett, Inc. Quote
Key Factors to Consider
Hibbett’s second-quarter fiscal 2023 results are expected to reflect the adverse impacts of the ongoing supply-chain disruption, lack of stimulus and unemployment benefits, inflation, and higher wages. Adverse changes in customers' spending habits, stemming from lower discretionary income due to the absence of stimulus payments, have been weighing on the company’s top line.
On the last reported quarter’searnings call management anticipated comps to decline in the low teens in the first half of fiscal 2023, indicating continued soft performance in the fiscal second quarter. The company expected supply-chain disruptions to continue in the fiscal second quarter, leading to higher freight expenses. It also predicted elevated shipping costs and deleverage from store occupancy costs.
Elevated store occupancy, rising average product costs, and higher freight and transportation costs, have been hurting the company’s gross margin. Continued impacts from these factors are likely to have marred the gross margin in the fiscal second quarter. Higher store operating, selling and administrative (SG&A) expenses, as a percentage of sales, due to lower sales and rising costs associated with advertising, professional services and increased supplies to support a larger store base and higher e-commerce volume are expected to have weighed on the operating margin in the to-be-reported quarter.
However, Hibbett has been benefiting from increased investments in customer acquisition and retentions, store growth, improved store productivity, and better omni-channel capabilities. Also, strong vendor relationships have been contributing to growth in the Hibbett and City Gear brands. The company is also likely to have gained from the progress on the e-commerce front and the expansion of the loyalty program.
The company remains focused on increasing the customer base by connecting with more customers through e-commerce and selective store expansion. Further, it has been leveraging its omni-channel capabilities to fulfill online orders and serve customers. Growth in e-commerce sales is likely to have contributed to sales gains in the to-be-reported quarter.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Hibbett this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Hibbett currently has a Zacks Rank #3 and an Earnings ESP of 0.00%.
Stocks With Favorable Combination
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Ulta Beauty ULTA currently has an Earnings ESP of +2.37% and a Zacks Rank of 2. The company is likely to register top and bottom-line growth when it reports second-quarter fiscal 2022 results. The consensus mark for ULTA’s quarterly revenues is pegged at $2.2 billion, which suggests a rise of 11.7% from the figure reported in the prior-year quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ulta Beauty’s earnings has moved up 0.4% to $4.86 per share in the past seven days. The consensus estimate indicates 6.6% growth from $4.56 reported in the year-ago quarter. ULTA delivered an earnings beat of 49.8%, on average, in the trailing four quarters.
Dollar General DG currently has an Earnings ESP of +1.14% and a Zacks Rank of 2. The company is likely to register increases in the top and bottom lines when it reports second-quarter fiscal 2022 numbers. The consensus mark for DG’s quarterly earnings has moved down by a penny in the past seven days to $2.91 per share. The consensus estimate suggests 8.2% growth from the year-ago quarter’s reported number.
The Zacks Consensus Estimate for Dollar General’s quarterly revenues is pegged at $9.4 billion, which suggests growth of 8.4% from the figure reported in the prior-year quarter. DG delivered an earnings beat of 2.8%, on average, in the trailing four quarters.
Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. The Zacks Consensus Estimate for its second-quarter 2022 earnings has moved south by 0.5% to $3.75 per share in the past 30 days. However, the consensus mark suggests 10.3% growth from the year-ago quarter’s reported number.
Advance Auto Parts’ top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.75 billion, which suggests a rise of 3.7% from the figure reported in the prior-year quarter. AAP delivered an earnings beat of 9.2%, on average, in the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free: Top Stocks for the $30 Trillion Metaverse Boom
The metaverse is a quantum leap for the internet as we currently know it - and it will make some investors rich. Just like the internet, the metaverse is expected to transform how we live, work and play. Zacks has put together a new special report to help readers like you target big profits. The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks reveals specific stocks set to skyrocket as this emerging technology develops and expands.
Download Zacks’ Metaverse Report now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dollar General Corporation (DG): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Ulta Beauty Inc. (ULTA): Free Stock Analysis Report
Hibbett, Inc. (HIBB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP delivered an earnings beat of 9.2%, on average, in the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP delivered an earnings beat of 9.2%, on average, in the trailing four quarters.
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Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP delivered an earnings beat of 9.2%, on average, in the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP delivered an earnings beat of 9.2%, on average, in the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10916.0
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2022-08-17 00:00:00 UTC
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After Hours Most Active for Aug 17, 2022 : VTRS, BBBY, CSCO, KR, CLVT, QQQ, CHWY, SQ, RDN, ACWI, KEY, AAPL
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AAP
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https://www.nasdaq.com/articles/after-hours-most-active-for-aug-17-2022-%3A-vtrs-bbby-csco-kr-clvt-qqq-chwy-sq-rdn-acwi-key
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nan
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The NASDAQ 100 After Hours Indicator is up 13.92 to 13,484.78. The total After hours volume is currently 88,398,302 shares traded.
The following are the most active stocks for the after hours session:
Viatris Inc. (VTRS) is unchanged at $10.75, with 8,371,580 shares traded. VTRS's current last sale is 82.69% of the target price of $13.
Bed Bath & Beyond Inc. (BBBY) is -1.76 at $21.32, with 7,980,694 shares traded. BBBY's current last sale is 533% of the target price of $4.
Cisco Systems, Inc. (CSCO) is +1.41 at $48.07, with 2,383,794 shares traded. Smarter Analyst Reports: Understanding Lumen Technologies’ Newly Added Risk Factors
Kroger Company (The) (KR) is unchanged at $48.55, with 2,338,596 shares traded. KR's current last sale is 90.75% of the target price of $53.5.
Clarivate Plc (CLVT) is unchanged at $13.15, with 2,046,259 shares traded. As reported by Zacks, the current mean recommendation for CLVT is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +0.19 at $328.68, with 1,864,564 shares traded. This represents a 22.06% increase from its 52 Week Low.
Chewy, Inc. (CHWY) is unchanged at $48.25, with 1,637,988 shares traded. CHWY's current last sale is 108.43% of the target price of $44.5.
Block, Inc. (SQ) is +0.15 at $80.48, with 1,398,055 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2022. The consensus EPS forecast is $-0.12. As reported by Zacks, the current mean recommendation for SQ is in the "buy range".
Radian Group Inc. (RDN) is unchanged at $23.32, with 1,344,290 shares traded. RDN's current last sale is 89.69% of the target price of $26.
iShares MSCI ACWI Index Fund (ACWI) is unchanged at $92.03, with 1,100,109 shares traded. This represents a 13.25% increase from its 52 Week Low.
KeyCorp (KEY) is -0.04 at $19.40, with 1,032,034 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2022. The consensus EPS forecast is $0.61. KEY's current last sale is 92.38% of the target price of $21.
Apple Inc. (AAPL) is +0.1644 at $174.71, with 949,092 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2022. Apple Inc. (AAPL) is +0.1644 at $174.71, with 949,092 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2022. Apple Inc. (AAPL) is +0.1644 at $174.71, with 949,092 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2022. Apple Inc. (AAPL) is +0.1644 at $174.71, with 949,092 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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Apple Inc. (AAPL) is +0.1644 at $174.71, with 949,092 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The NASDAQ 100 After Hours Indicator is up 13.92 to 13,484.78.
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10917.0
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2022-08-17 00:00:00 UTC
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Factors Likely to Influence Nordstrom's (JWN) Q2 Earnings
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AAP
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https://www.nasdaq.com/articles/factors-likely-to-influence-nordstroms-jwn-q2-earnings
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nan
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nan
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Nordstrom, Inc. JWN is scheduled to release second-quarter fiscal 2022 numbers on Aug 23, after the closing bell. The fashion specialty retailer is expected to have witnessed revenue and earnings growth in the to-be-reported quarter.
The Zacks Consensus Estimate for the fiscal second-quarter earnings is pegged at 81 cents per share, suggesting a 65.3% improvement from the year-ago quarter's reported figure. The consensus mark has been unchanged in the past 30 days. The consensus mark for revenues is pegged at $3.97 billion, indicating a rise of 8.5% from the figure reported in the year-ago quarter.
In the last reported quarter, the company posted an earnings surprise of 25%. Also, it delivered an earnings surprise of 25.3%, on average, in the trailing four quarters.
Nordstrom, Inc. Price and EPS Surprise
Nordstrom, Inc. price-eps-surprise | Nordstrom, Inc. Quote
Key Factors to Note
Nordstrom has been gaining from the solid demand for apparel and footwear, positive pricing, lower markdowns, and broad-based growth across core categories and regions. Robust digital growth and compelling merchandise have also been drivers. Core categories, including men's and women's apparel, shoes, and designer, have been performing well. Consumers refreshing their wardrobes for office, travel and other social activities contributed to quarterly growth.
The company has been on track to enhance the performance of Nordstrom Rack and improve inventory. It has been progressing well with its More Reasons to Rack campaign, which is likely to have increased brand awareness and boosted traffic in the to-be-reported quarter.
Nordstrom has been focused on technology advancement by boosting e-commerce and digital networks, improving its supply-chain channels, and marketing efforts. The digital business has been witnessing gains from improved digital traffic across both Nordstrom and Nordstrom Rack, as well as increased utilization of Buy Online, Pick Up In-Store service. Its mobile app has also been performing well. Alongside these, the integration of Rack.com onto Nordstrom.com should have contributed to the company's top line in the to-be-reported quarter.
The company's fiscal second-quarter performance is expected to have benefited from its market strategy, which helps engage with customers through better service and greater access to products, irrespective of the shopping mode. As part of the strategy, Nordstrom expanded services, including order pickup and ship-to-store, to all Nordstrom Rack stores.
JWN has also been focused on the closer-to-you strategy, aiming to link stores and services to expedite deliveries, expand online offerings and add cheaper merchandise to its Rack off-price stores to improve customers' shopping experiences. A rise in new customers, enhanced personalization and expanded product offering are likely to have aided the fiscal second-quarter performance. The company is also likely to have benefited from efforts to expedite delivery, expand distribution and fulfillment centers, and the market level selection for in-store shopping, as well as same-day and next-day pickup.
However, the company's sales and earnings performances are expected to have been impacted by higher freight and labor expenses. It has also been witnessing ongoing industry-wide supply-chain disruptions for quite some time now, leading to a lack of product availability, order cancellations, and shipment delays.
What Does the Zacks Model Say?
Our proven model does not conclusively predict an earnings beat for Nordstrom this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Nordstrom has an Earnings ESP of -1.49% and a Zacks Rank #3.
Stocks With Favorable Combination
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Ulta Beauty ULTA currently has an Earnings ESP of +2.37% and a Zacks Rank of 2. The company is likely to register top and bottom-line growth when it reports second-quarter fiscal 2022 results. The consensus mark for ULTA’s quarterly revenues is pegged at $2.2 billion, which suggests a rise of 11.7% from the figure reported in the prior-year quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ulta Beauty’s earnings has moved up 0.4% to $4.86 per share in the past seven days. The consensus estimate indicates 6.6% growth from $4.56 reported in the year-ago quarter. ULTA has delivered an earnings beat of 49.8%, on average, in the trailing four quarters.
Dollar General DG currently has an Earnings ESP of +1.14% and a Zacks Rank of 2. The company is likely to register increases in the top and bottom lines when it reports second-quarter fiscal 2022 numbers. The consensus mark for DG’s quarterly earnings has moved down by a penny in the past seven days to $2.91 per share. The consensus estimate suggests 8.2% growth from the year-ago quarter’s reported number.
The Zacks Consensus Estimate for Dollar General’s quarterly revenues is pegged at $9.4 billion, which suggests growth of 8.4% from the figure reported in the prior-year quarter. DG has delivered an earnings beat of 2.8%, on average, in the trailing four quarters.
Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. The Zacks Consensus Estimate for its second-quarter 2022 earnings has moved south by 0.5% to $3.75 per share in the past 30 days. However, the consensus mark suggests 10.3% growth from the year-ago quarter’s reported number.
Advance Auto Parts’ top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.75 billion, which suggests a rise of 3.7% from the figure reported in the prior-year quarter. AAP has delivered an earnings beat of 9.2%, on average, in the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Want to Know the #1 Semiconductor Stock for 2022?
Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries.
This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most.
Today, it's yours free with no obligation.
>>Give me access to my free special report.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dollar General Corporation (DG): Free Stock Analysis Report
Nordstrom, Inc. (JWN): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Ulta Beauty Inc. (ULTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP has delivered an earnings beat of 9.2%, on average, in the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP has delivered an earnings beat of 9.2%, on average, in the trailing four quarters.
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Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP has delivered an earnings beat of 9.2%, on average, in the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP currently has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP has delivered an earnings beat of 9.2%, on average, in the trailing four quarters. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10918.0
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2022-08-17 00:00:00 UTC
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This 1 Retail and Wholesale Stock Could Beat Earnings: Why It Should Be on Your Radar
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AAP
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https://www.nasdaq.com/articles/this-1-retail-and-wholesale-stock-could-beat-earnings%3A-why-it-should-be-on-your-radar-12
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nan
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nan
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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider Ulta Beauty?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Ulta Beauty (ULTA) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $4.98 a share eight days away from its upcoming earnings release on August 25, 2022.
By taking the percentage difference between the $4.98 Most Accurate Estimate and the $4.86 Zacks Consensus Estimate, Ulta Beauty has an Earnings ESP of +2.37%. Investors should also know that ULTA is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
ULTA is just one of a large group of Retail and Wholesale stocks with a positive ESP figure. Advance Auto Parts (AAP) is another qualifying stock you may want to consider.
Advance Auto Parts is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on August 23, 2022. AAP's Most Accurate Estimate sits at $3.77 a share six days from its next earnings release.
The Zacks Consensus Estimate for Advance Auto Parts is $3.75, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +0.48%.
ULTA and AAP's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Want to Know the #1 Semiconductor Stock for 2022?
Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries.
This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most.
Today, it's yours free with no obligation.
>>Give me access to my free special report.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ulta Beauty Inc. (ULTA): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) is another qualifying stock you may want to consider. AAP's Most Accurate Estimate sits at $3.77 a share six days from its next earnings release. ULTA and AAP's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts (AAP) is another qualifying stock you may want to consider. AAP's Most Accurate Estimate sits at $3.77 a share six days from its next earnings release.
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Advance Auto Parts (AAP) is another qualifying stock you may want to consider. AAP's Most Accurate Estimate sits at $3.77 a share six days from its next earnings release. ULTA and AAP's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
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ULTA and AAP's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon. Advance Auto Parts (AAP) is another qualifying stock you may want to consider. AAP's Most Accurate Estimate sits at $3.77 a share six days from its next earnings release.
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10919.0
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2022-08-16 00:00:00 UTC
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Nordson (NDSN) to Report Q3 Earnings: What's in the Cards?
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AAP
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https://www.nasdaq.com/articles/nordson-ndsn-to-report-q3-earnings%3A-whats-in-the-cards
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nan
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nan
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Nordson Corporation NDSN is set to release third-quarter fiscal 2022 (ended July 2022) results on Aug 22, after market close.
The Zacks Consensus Estimate for NDSN’s earnings for the fiscal third quarter has been revised 3.1% upward in the past 90 days. Nordson’s earnings surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missed the mark in one, the average beat being 4.5%.
Let’s see how things are shaping up for Nordson this earnings season.
Key Factors and Estimates for Q3
Nordson is expected to have benefited from solid demand in the electronics, medical and industrial end markets in the fiscal third quarter. Also, a well-diversified business structure, product launches and a large customer base in various industries, including packaging, electronics, non-wovens and others are likely to have augmented its top line in the to-be-reported quarter.
NDSN’s NDC Technologies takeover (November 2021) expanded its test and inspection platform and strengthened its position in the electronics end market. The buyout of vivaMOS Ltd. (in September 2020) added vigor to its test and inspection capabilities. Also, NDSN acquired Fluortek, Inc. in June 2020, strengthening its medical product lines. These acquisitions are expected to have contributed to Nordson’s top line in the fiscal third quarter. However, raw material cost-inflation, supply-chain disruptions and labor constraints are likely to have weighed on NDSN’s performance in the fiscal third quarter. Given Nordson’s international presence, a stronger U.S. dollar might have depressed its overseas business performance in the fiscal quarter under review.
The Zacks Consensus Estimate for Nordson’s revenues is pegged at $652 million for the fiscal third quarter, suggesting a 0.8% increase from the year-ago fiscal quarter’s reported number. Earnings estimates are pegged at $2.45, indicating an increase of 1.2% from the year-ago fiscal quarter’s reported figure.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Nordson this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But this is not the case here, as you will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. You can see the the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Nordson has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $2.45.
Zacks Rank: Nordson currently carries a Zacks Rank #3.
Nordson Corporation Price, Consensus and EPS Surprise
Nordson Corporation price-consensus-eps-surprise-chart | Nordson Corporation Quote
Highlights of Q2 Earnings
Nordson reported mixed second-quarter fiscal 2022 (ended Apr 30, 2022) results, wherein earnings beat the Zacks Consensus Estimate by 7.1%, while sales missed estimates by 0.7%. NDSN’s adjusted earnings were $2.43 per share in the reported quarter, beating the Zacks Consensus Estimate of $2.27. The bottom line increased 14.6% from $2.12 reported in the last fiscal year’s comparable quarter. NDSN’s revenues were $635.4 million, reflecting an increase of 7.8% from the year-ago fiscal quarter’s reported number. Organic sales expanded 7%, driven by healthy end-market businesses, including industrial and electronics.
Stocks to Consider
Here are some companies that you may want to consider, as according to our model, these have the right combination of elements to beat on earnings this reporting cycle.
Deere & Company DE has an Earnings ESP of +1.83% and a Zacks Rank #3. DE is slated to release fiscal third-quarter 2022 financial numbers on Aug 19.
The Zacks Consensus Estimate for DE fiscal third-quarter earnings has increased 0.3% over the past 60 days. Deere has a stellar surprise history, with earnings having outperformed the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being approximately 14.2%.
Advance Auto Parts, Inc. AAP has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP is set to release fiscal second-quarter 2022 results on Aug 23.
The Zacks Consensus Estimate for Advance Auto’s fiscal second-quarter earnings has been revised 0.5% downward in the past 60 days. AAP’s earnings surpassed the Zacks Consensus Estimate in three of the preceding four quarters, missing estimates in one. The average surprise is 9.2%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP is set to release fiscal second-quarter 2022 results on Aug 23. AAP’s earnings surpassed the Zacks Consensus Estimate in three of the preceding four quarters, missing estimates in one.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, Inc. AAP has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP is set to release fiscal second-quarter 2022 results on Aug 23.
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Advance Auto Parts, Inc. AAP has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP is set to release fiscal second-quarter 2022 results on Aug 23. AAP’s earnings surpassed the Zacks Consensus Estimate in three of the preceding four quarters, missing estimates in one.
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Advance Auto Parts, Inc. AAP has an Earnings ESP of +0.48% and a Zacks Rank of 3. AAP is set to release fiscal second-quarter 2022 results on Aug 23. AAP’s earnings surpassed the Zacks Consensus Estimate in three of the preceding four quarters, missing estimates in one.
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10920.0
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2022-08-16 00:00:00 UTC
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Advance Auto Parts (AAP) Earnings Expected to Grow: Should You Buy?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-earnings-expected-to-grow%3A-should-you-buy
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nan
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nan
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The market expects Advance Auto Parts (AAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 23. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This auto parts retailer is expected to post quarterly earnings of $3.75 per share in its upcoming report, which represents a year-over-year change of +10.3%.
Revenues are expected to be $2.75 billion, up 3.7% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.05% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Advance Auto Parts?
For Advance Auto Parts, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.48%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Advance Auto Parts will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Advance Auto Parts would post earnings of $3.53 per share when it actually produced earnings of $3.57, delivering a surprise of +1.13%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Advance Auto Parts appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The market expects Advance Auto Parts (AAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
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The market expects Advance Auto Parts (AAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
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The market expects Advance Auto Parts (AAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
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The market expects Advance Auto Parts (AAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report For Advance Auto Parts, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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10921.0
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2022-08-16 00:00:00 UTC
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Is a Surprise Coming for Advance Auto Parts (AAP) This Earnings Season?
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AAP
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https://www.nasdaq.com/articles/is-a-surprise-coming-for-advance-auto-parts-aap-this-earnings-season-0
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nan
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nan
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Investors are always looking for stocks that are poised to beat at earnings season and Advance Auto Parts, Inc. AAP may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because for Advance Auto Parts is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAP in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $3.77 per share for AAP, compared to a broader Zacks Consensus Estimate of $3.75 per share. This suggests that analysts have very recently bumped up their estimates for AAP, giving the stock a Zacks Earnings ESP of +0.48% heading into earnings season.
Advance Auto Parts, Inc. Price and EPS Surprise
Advance Auto Parts, Inc. price-eps-surprise | Advance Auto Parts, Inc. Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that AAP has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Advance Auto Parts, and that a beat might be in the cards for the upcoming report.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors are always looking for stocks that are poised to beat at earnings season and Advance Auto Parts, Inc. AAP may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAP in this report. In fact, the Most Accurate Estimate for the current quarter is currently at $3.77 per share for AAP, compared to a broader Zacks Consensus Estimate of $3.75 per share.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Investors are always looking for stocks that are poised to beat at earnings season and Advance Auto Parts, Inc. AAP may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAP in this report.
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This suggests that analysts have very recently bumped up their estimates for AAP, giving the stock a Zacks Earnings ESP of +0.48% heading into earnings season. Investors are always looking for stocks that are poised to beat at earnings season and Advance Auto Parts, Inc. AAP may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAP in this report.
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This suggests that analysts have very recently bumped up their estimates for AAP, giving the stock a Zacks Earnings ESP of +0.48% heading into earnings season. Given that AAP has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Advance Auto Parts, Inc. AAP may be one such company.
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10922.0
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2022-08-09 00:00:00 UTC
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Coupang (CPNG) to Report Q2 Earnings: What's in the Cards?
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AAP
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https://www.nasdaq.com/articles/coupang-cpng-to-report-q2-earnings%3A-whats-in-the-cards
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nan
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nan
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Coupang, Inc. CPNG is scheduled to report second-quarter 2022 results on Aug 10.
For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $5.15 billion, indicating growth of 15.1% from the year-ago reported figure.
The Zacks Consensus Estimate for the bottom line is pegged at a loss of 11 cents per share, narrower than a loss of 13 cents per share reported in the prior-year quarter.
The company’s bottom line beat the Zacks Consensus Estimate in one of the trailing four quarters, delivering a negative earnings surprise of 6.3%, on average.
Coupang, Inc. Price and EPS Surprise
Coupang, Inc. price-eps-surprise | Coupang, Inc. Quote
Factors at Play
Coupang’s strength in its e-commerce business is expected to have continued to aid its performance in the to-be-reported quarter.
The impacts of the company’s dominant position in the e-commerce market of South Korea are expected to get reflected in the second-quarter results.
Increasing demand for door-to-door delivery of essentials and other items is likely to have continued driving the customer momentum of Coupang in the quarter under discussion.
The growing momentum across the company’s fresh grocery offering and food delivery offering, Rocket fresh and Coupang eats, respectively, is expected to have aided the company’s second-quarter performance.
Strengthening momentum across the company’s Product Commerce and Developing Offerings is anticipated to have driven Coupang’s top-line growth in the quarter-to-be-reported.
The growing proliferation of Internet use and ultra-fast delivery services are anticipated to have aided growth in Coupang’s logistics business, Rocket Delivery, in the quarter under discussion.
The company’s strong efforts toward operational efficiency, supply-chain optimization, and scaling of merchant services are likely to have aided its second-quarter performance.
However, uncertainties related to the ongoing coronavirus pandemic, supply-chain constraints, productivity declines and underutilized capacities are expected to have been headwinds for the company in the quarter under review.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Coupang this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Coupang has an Earnings ESP of 0.00% and currently sports a Zacks Rank #1.
Stocks to Consider
Here are some stocks that you may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Keysight Technologies KEYS has an Earnings ESP of +1.23% and a Zacks Rank # 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Keysight Technologies is scheduled to release third-quarter fiscal 2022 results on Aug 17. The Zacks Consensus Estimate for KEYS’ earnings is pegged at $1.79 per share, suggesting an increase of 16.2% from the prior-year quarter’s reported figure.
Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present.
Advance Auto Parts is set to report second-quarter 2022 results on Aug 23. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year period’s reported figure.
Box BOX has an Earnings ESP of +1.20% and a Zacks Rank #3 at present.
Box is scheduled to release second-quarter 2022 results on Aug 24. The Zacks Consensus Estimate for BOX’s earnings is pegged at 28 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Keysight Technologies Inc. (KEYS): Free Stock Analysis Report
Box, Inc. (BOX): Free Stock Analysis Report
Coupang, Inc. (CPNG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year period’s reported figure.
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The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year period’s reported figure. Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10923.0
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2022-08-08 00:00:00 UTC
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Trivago (TRVG) to Report Q2 Earnings: What's in the Offing?
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AAP
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https://www.nasdaq.com/articles/trivago-trvg-to-report-q2-earnings%3A-whats-in-the-offing
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nan
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nan
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Trivago TRVG is scheduled to report second-quarter 2022 results on Aug 9.
For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $152.6 million, suggesting growth of 32.6% from the year-ago reported figure.
The consensus mark for the bottom line stands at 1 cent per share, which has been unchanged over the past 30 days. TRVG incurred a loss of 1 cent per share in the year-ago quarter.
Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and matched the same on one occasion, the average beat being 137.5%.
Trivago N.V. ADS Price and EPS Surprise
Trivago N.V. ADS price-eps-surprise | Trivago N.V. ADS Quote
Key Factors to Note
Trivago’s second-quarter performance is likely to have been driven by increasing travel demand among people in the peak summer season.
Easing global travel restrictions might have created optimism among travelers. This is anticipated to have driven traffic at TRVG’s marketplace in the quarter under review.
Trivago has been performing well in the Americas region so far. This is expected to get reflected in the upcoming quarterly results.
Improvement in referral revenues, qualified referrals and revenue per qualified referral might have aided the quarterly performance.
Trivago is consistently focusing on developing new features to enhance users’ experience. This is likely to have supported its performance in the to-be-reported quarter.
Growing product offerings and rising investments in brand marketing are expected to have continued aiding TRVG’s performance in the quarter under discussion.
However, uncertainties related to the coronavirus pandemic prevailing in the global travel industry are expected to have been a concern.
The impacts of the ongoing Russia-Ukraine war and the rising inflation might get reflected in the upcoming quarterly results.
Increasing expenses related to sales & marketing and general & administrative are likely to have hurt TRVG’s profitability in the second quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Trivago this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But, that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Trivago has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell) at present.
Stocks to Consider
Here are some stocks worth considering as our model shows that these have the right combination of elements to beat on earnings this season.
Keysight Technologies KEYS has an Earnings ESP of +1.23% and a Zacks Rank # 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Keysight Technologies is scheduled to release third-quarter fiscal 2022 results on Aug 17. The Zacks Consensus Estimate for KEYS’ earnings is pegged at $1.79 per share, suggesting an increase of 16.2% from the prior-year fiscal quarter’s reported figure.
Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present.
Advance Auto Parts is set to report second-quarter 2022 results on Aug 23. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year period’s reported figure.
Box BOX has an Earnings ESP of +1.20% and a Zacks Rank #3 at present.
Box is scheduled to release second-quarter 2022 results on Aug 24. The Zacks Consensus Estimate for BOX’s earnings is pegged at 28 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Keysight Technologies Inc. (KEYS): Free Stock Analysis Report
Box, Inc. (BOX): Free Stock Analysis Report
Trivago N.V. ADS (TRVG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year period’s reported figure.
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Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10924.0
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2022-08-08 00:00:00 UTC
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What's in Store for Alpha and Omega's (AOSL) Q4 Earnings?
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AAP
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https://www.nasdaq.com/articles/whats-in-store-for-alpha-and-omegas-aosl-q4-earnings
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nan
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nan
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Alpha and Omega Semiconductor Limited AOSL is scheduled to report fourth-quarter fiscal 2022 results on Aug 10.
For the fiscal fourth quarter, the company expects revenues of $190 million (+/- $10 million). The Zacks Consensus Estimate for the same is also pegged at $190 million, indicating an improvement of 7.2% from the prior-year quarter’s reported number.
The Zacks Consensus Estimate for earnings is pinned at 86 cents per share, indicating a decline of 9.5% from the year-ago quarter’s reported figure.
The company’s bottom line beat the Zacks Consensus Estimate in all of the trailing four quarters, delivering an earnings surprise of 16.5%, on average.
Alpha and Omega Semiconductor Limited Price and EPS Surprise
Alpha and Omega Semiconductor Limited price-eps-surprise | Alpha and Omega Semiconductor Limited Quote
Factors at Play
Alpha and Omega is expected to have gained from the strong battery protection business in the soon-to-be-reported quarter.
The pandemic-induced growing sales of gaming, TVs and home appliances are expected to have benefited the company’s performance in the consumer end-market in the fiscal fourth quarter.
The growing shipments of Alpha and Omega’s products required in computing and gaming applications are expected to have contributed well to its performance in the quarter to be reported.
Strengthening momentum across new gaming systems and PC graphics card platforms is anticipated to have aided the company’s multi-socket design wins in the fiscal fourth quarter.
The increasing uptake of gaming applications and digital power solutions is expected to have driven growth in the company’s graphics card business.
The company’s growing momentum among power tools customers is expected to have benefited its fiscal fourth-quarter performance.
However, supply-chain disruptions due to the coronavirus pandemic are likely to have continued acting as headwinds for the company.
The pandemic-led lockdowns in Shanghai, which impacted AOSL’s back-end packaging and testing operations in April, are expected to have hurt top-line growth of the company in the quarter under review.
Additionally, sluggish demand for home appliances in the consumer market is likely to have been concerning.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Alpha and Omega this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Alpha and Omega has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks to Consider
Here are some stocks that you may consider as our model shows that these have the right combination of elements to beat on earnings this season.
Keysight Technologies KEYS has an Earnings ESP of +1.23% and a Zacks Rank # 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Keysight Technologies is scheduled to release third-quarter fiscal 2022 results on Aug 17. The Zacks Consensus Estimate for KEYS’ earnings is pegged at $1.79 per share, suggesting an increase of 16.2% from the prior-year fiscal quarter’s reported figure.
Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present.
Advance Auto Parts is set to report second-quarter 2022 results on Aug 23. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year fiscal period’s reported figure.
Box BOX has an Earnings ESP of +1.20% and a Zacks Rank #3 at present.
Box is scheduled to release second-quarter 2022 results on Aug 24. The Zacks Consensus Estimate for BOX’s earnings is pegged at 28 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Alpha and Omega Semiconductor Limited (AOSL): Free Stock Analysis Report
Keysight Technologies Inc. (KEYS): Free Stock Analysis Report
Box, Inc. (BOX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year fiscal period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year fiscal period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year fiscal period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year fiscal period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10925.0
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2022-08-04 00:00:00 UTC
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Here's How Investors Can Find Strong Retail and Wholesale Stocks with the Zacks ESP Screener
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AAP
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https://www.nasdaq.com/articles/heres-how-investors-can-find-strong-retail-and-wholesale-stocks-with-the-zacks-esp-26
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nan
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nan
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Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Advance Auto Parts?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $3.78 a share, just 19 days from its upcoming earnings release on August 23, 2022.
AAP has an Earnings ESP figure of +0.75%, which, as explained above, is calculated by taking the percentage difference between the $3.78 Most Accurate Estimate and the Zacks Consensus Estimate of $3.75. Advance Auto Parts is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
AAP is just one of a large group of Retail and Wholesale stocks with a positive ESP figure. Domino's Pizza (DPZ) is another qualifying stock you may want to consider.
Domino's Pizza is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on October 13, 2022. DPZ's Most Accurate Estimate sits at $2.99 a share 70 days from its next earnings release.
Domino's Pizza's Earnings ESP figure currently stands at +0.65% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $2.97.
AAP and DPZ's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Domino's Pizza Inc (DPZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $3.78 a share, just 19 days from its upcoming earnings release on August 23, 2022. AAP has an Earnings ESP figure of +0.75%, which, as explained above, is calculated by taking the percentage difference between the $3.78 Most Accurate Estimate and the Zacks Consensus Estimate of $3.75. AAP is just one of a large group of Retail and Wholesale stocks with a positive ESP figure.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $3.78 a share, just 19 days from its upcoming earnings release on August 23, 2022. AAP has an Earnings ESP figure of +0.75%, which, as explained above, is calculated by taking the percentage difference between the $3.78 Most Accurate Estimate and the Zacks Consensus Estimate of $3.75.
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Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $3.78 a share, just 19 days from its upcoming earnings release on August 23, 2022. AAP has an Earnings ESP figure of +0.75%, which, as explained above, is calculated by taking the percentage difference between the $3.78 Most Accurate Estimate and the Zacks Consensus Estimate of $3.75. AAP is just one of a large group of Retail and Wholesale stocks with a positive ESP figure.
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Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $3.78 a share, just 19 days from its upcoming earnings release on August 23, 2022. AAP has an Earnings ESP figure of +0.75%, which, as explained above, is calculated by taking the percentage difference between the $3.78 Most Accurate Estimate and the Zacks Consensus Estimate of $3.75. AAP is just one of a large group of Retail and Wholesale stocks with a positive ESP figure.
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10926.0
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2022-08-04 00:00:00 UTC
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Seeking Recession-Proof Stocks? These 3 Companies Look Attractive
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AAP
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https://www.nasdaq.com/articles/seeking-recession-proof-stocks-these-3-companies-look-attractive
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nan
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nan
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As concerns about a possible recession grow, many investors are looking for recession-proof stocks. Of course, no stock is recession-proof, but some sectors are a bit more resistant to recessions than others. One such sector is auto parts retailers, and some other secular trends are making these companies look even more attractive. In this piece, we used TipRanks' Comparison Tool to evaluate three auto parts retailers. The companies are O'Reilly Automotive (ORLY), CarParts.com (PRTS), and Advance Auto Parts (AAP),
Of course, some retailers in the space look better than others. There are different reasons to be bullish on each company, although CarParts.com looks riskier than the other two.
The Bull Thesis for Auto Parts Retailers
In general, the auto parts retail sector looks attractive right now. Chip shortages are still affecting new car sales. Of course, a shortage of supply means higher prices, and that's certainly the case. New vehicle prices rose 12.6% year-over-year in June, while prices for used vehicles rose 16% from last year. Due to the higher prices, drivers are holding onto their vehicles for much longer than usual. Therefore, more people are buying auto parts because they're fixing their vehicles instead of replacing them.
Auto parts retailers are also recession-resistant because they have the ability to pass their higher costs onto customers. Most people are willing or required to pay those higher prices because they need to continue getting from point A to point B, no matter how high the prices go.
As a result, even in the event of a recession, auto parts retailers should continue to grow, and the vehicle shortage won't be going away anytime soon. Experts expect the shortage of new vehicles to last into next year or even 2024.
1. O'Reilly Automotive
O'Reilly Automotive shares have been moving higher over the last month, rising about 10.9% to wipe away the difficult period they had between the end of April and late June. The company used that weakness to buy back 2.2 million shares for $1.38 billion — a smart move in the current environment. O'Reilly repurchased another 400,000 shares between the end of the second quarter and the date of its earnings release.
Although the retailer missed the consensus estimates for earnings and revenue, its fundamentals are in decent shape. One metric that should be pointed out is the company's net profit margin. Although it declined 120 basis points year-over-year in the second quarter, probably due to inflation, at 15.7%, O'Reilly has the best profit margin of all three of the retailers in this article.
The company also guided for comparable-sales growth for 2022 to be between 3% and 5%, which looks conservative compared to the 4.8% and 4.3% it recorded in the first and second quarters, respectively. O'Reilly also appears to have some long-term staying power, recording an increase of 30.4% in three-year comparable store sales stacks.
Turning to Wall Street, O'Reilly Automotive has a Strong Buy consensus rating based on nine Buys, two Holds, and zero Sells assigned over the last three months. At $744.73, the average O'Reilly Automotive price target implies upside potential of 5.6%.
2. CarParts.com
At the other end of the spectrum, we have CarParts.com, which has been extremely volatile this year compared to O'Reilly. CarParts.com is up 17.6% in the last month, although it's still off 24% year-to-date. However, investors who timed their purchases right have enjoyed some sizable gains recently.
That said, investors may need to be willing to accept the volatility associated with this stock in exchange for the possibility of larger gains. Additionally, CarParts.com has been on many funds' radars for some time.
For example, Khrom Capital highlighted the company last year, noting that its new CEO had reinvented it. The fund bought its shares for about $15, with the expectation that they would rise to between $29 and $48, but the stock has plunged. It's possible that Khrom was too early with its thesis because a turnaround does take time.
One concern is that the company's net profit margin is minuscule, at 2.3%, although it has almost doubled year-over-year. Of course, Amazon (AMZN) revealed just how e-commerce firms could operate on razor-thin margins, but CarParts.com has mostly been unprofitable.
The company's net change in cash was negative but gradually shrunk quarter by quarter until it became positive in Q1, only to turn negative again in Q2. CarParts.com also became free cash flow positive in its first quarter this year, but it was negative in Q2.
This suggests that the stock is risky. Perhaps a neutral rating would be more appropriate in the near term until it becomes clear which direction it will move in, but investors do risk losing out on some major gains by waiting. At the end of the day, it just depends on a trader's risk tolerance.
Turning to Wall Street, CarParts.com has a Moderate Buy consensus rating based on two Buys, zero Holds, and zero Sell ratings assigned over the last three months. At $14.50, the average CarParts.com price target implies upside potential of 69.8%.
3. Advance Auto Parts
Advance Auto Parts shares are up almost 13% over the last month, although they are down 18.6% year-to-date.
Unfortunately, Advance Auto Parts just barely missed the consensus estimates for its first-quarter earnings and revenue. It came in at $3.57 per share on $3.37 billion in revenue compared to the consensus of $3.59 per share on $3.39 billion in sales.
Advance Auto Parts recorded a net profit margin of 4%, which is quite small for a brick-and-mortar retailer, and it declined by 150 basis points year-over-year, possibly due to inflation.
Unfortunately, the retailer's net change in cash has been negative over the last several quarters, and it dropped further to -$462.7 million in the April quarter. Advance Auto Parts recorded negative free cash flow in the April quarter, another troubling sign.
Turning to Wall Street, Advance Auto Parts has a Moderate Buy consensus rating based on 11 Buys, five Holds, and zero Sell ratings assigned over the last three months. At $231, the average Advance Auto Parts price target implies upside potential of 18.3%.
Conclusion: CarParts.com Offers the Highest Upside Potential and Risk
At the end of the day, it appears that CarParts.com could offer higher returns than either Advance Auto Parts or O'Reilly Automotive. However, its choppy stock price and ongoing turnaround present a greater risk.
There is also one other consideration, which is that CarParts.com has significantly less debt compared to assets than either of the other two. All in all, the auto parts sector, in general, looks attractive, especially if a recession ensues, but investors must consider their risk tolerance when selecting names in the space.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The companies are O'Reilly Automotive (ORLY), CarParts.com (PRTS), and Advance Auto Parts (AAP), Of course, some retailers in the space look better than others. As a result, even in the event of a recession, auto parts retailers should continue to grow, and the vehicle shortage won't be going away anytime soon. Advance Auto Parts recorded a net profit margin of 4%, which is quite small for a brick-and-mortar retailer, and it declined by 150 basis points year-over-year, possibly due to inflation.
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The companies are O'Reilly Automotive (ORLY), CarParts.com (PRTS), and Advance Auto Parts (AAP), Of course, some retailers in the space look better than others. Advance Auto Parts recorded negative free cash flow in the April quarter, another troubling sign. Turning to Wall Street, Advance Auto Parts has a Moderate Buy consensus rating based on 11 Buys, five Holds, and zero Sell ratings assigned over the last three months.
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The companies are O'Reilly Automotive (ORLY), CarParts.com (PRTS), and Advance Auto Parts (AAP), Of course, some retailers in the space look better than others. The Bull Thesis for Auto Parts Retailers In general, the auto parts retail sector looks attractive right now. Advance Auto Parts Advance Auto Parts shares are up almost 13% over the last month, although they are down 18.6% year-to-date.
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The companies are O'Reilly Automotive (ORLY), CarParts.com (PRTS), and Advance Auto Parts (AAP), Of course, some retailers in the space look better than others. The Bull Thesis for Auto Parts Retailers In general, the auto parts retail sector looks attractive right now. CarParts.com At the other end of the spectrum, we have CarParts.com, which has been extremely volatile this year compared to O'Reilly.
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10927.0
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2022-08-03 00:00:00 UTC
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Expedia (EXPE) to Report Q2 Earnings: What's in the Offing?
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AAP
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https://www.nasdaq.com/articles/expedia-expe-to-report-q2-earnings%3A-whats-in-the-offing
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nan
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nan
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Expedia Group, Inc. EXPE is scheduled to report second-quarter 2022 results on Aug 4.
For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $3.04 billion, suggesting growth of 44.1% from the year-ago reported figure.
The consensus mark for earnings stands at $1.57 per share, which has been unchanged over the past 30 days. EXPE incurred a loss of $1.13 per share in the year-ago quarter.
It surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed the same twice, with a loss of 0.16%, on average.
Expedia Group, Inc. Price and EPS Surprise
Expedia Group, Inc. price-eps-surprise | Expedia Group, Inc. Quote
Key Factors to Note
Expedia’s second-quarter performance is likely to have benefited from increasing gross bookings owing to growing travel demand among people.
EXPE has been witnessing an increase in room nights stayed across hotels and alternative accommodations. This might have driven lodging revenues in the underlined quarter. Growth in Average Daily Rate (ADR) is likely to have remained a catalyst.
Strength of Expedia Group Media Solutions and trivago is expected to have contributed well to Advertising & Media and Other revenues in the to-be-reported quarter.
Continuous improvement in air travel demand is increasing the number of air tickets sold. This might have constantly driven air revenues in the quarter under review.
EXPE’s deepening focus on brand marketing and maintaining long-term customer relationships might have continued aiding its quarterly performance.
EXPE is consistently making strong efforts to strengthen its platform. This is expected to have driven its B2C and B2B businesses in the quarter to be reported.
EXPE’s vacation rental platform Vrbo is anticipated to have performed well in the second quarter, given the growing optimism about travel plans.
However, uncertainties related to the coronavirus pandemic persisting in the global travel industry are expected to have been a concern for Expedia.
The impacts of the ongoing Russia-Ukraine war and the rising inflation might get reflected in the upcoming quarterly results.
Increasing expenses related to sales & marketing, and technology & content are likely to have affected the quarterly performance.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Expedia this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Expediahas an Earnings ESP of -4.07% and a Zacks Rank #3 at present.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Keysight Technologies KEYS has an Earnings ESP of +1.23% and a Zacks Rank # 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Keysight Technologies is scheduled to release third-quarter fiscal 2022 results on Aug 17. The Zacks Consensus Estimate for KEYS’ earnings is pegged at $1.79 per share, suggesting an increase of 16.2% from the prior-year fiscal quarter’s reported figure.
Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present.
Advance Auto Parts is set to report second-quarter 2022 results on Aug 23. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year fiscal period’s reported figure.
Box BOX has an Earnings ESP of +1.20% and a Zacks Rank #3 at present.
Box is scheduled to release second-quarter 2022 results on Aug 24. The Zacks Consensus Estimate for BOX’s earnings is pegged at 28 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Expedia Group, Inc. (EXPE): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Keysight Technologies Inc. (KEYS): Free Stock Analysis Report
Box, Inc. (BOX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year fiscal period’s reported figure. Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year fiscal period’s reported figure.
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The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year fiscal period’s reported figure. Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.75 per share, suggesting an increase of 10.3% from the prior-year fiscal period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10928.0
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2022-08-03 00:00:00 UTC
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Surprising Analyst 12-Month Target For OMFL
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AAP
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https://www.nasdaq.com/articles/surprising-analyst-12-month-target-for-omfl-0
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco Russell 1000—Dynamic Multifactor ETF (Symbol: OMFL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $48.65 per unit.
With OMFL trading at a recent price near $43.16 per unit, that means that analysts see 12.72% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of OMFL's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Snap-On, Inc. (Symbol: SNA), and Weyerhaeuser Co (Symbol: WY). Although AAP has traded at a recent price of $195.02/share, the average analyst target is 15.96% higher at $226.14/share. Similarly, SNA has 15.81% upside from the recent share price of $221.62 if the average analyst target price of $256.67/share is reached, and analysts on average are expecting WY to reach a target price of $40.57/share, which is 13.11% above the recent price of $35.87. Below is a twelve month price history chart comparing the stock performance of AAP, SNA, and WY:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco Russell 1000—Dynamic Multifactor ETF OMFL $43.16 $48.65 12.72%
Advance Auto Parts Inc AAP $195.02 $226.14 15.96%
Snap-On, Inc. SNA $221.62 $256.67 15.81%
Weyerhaeuser Co WY $35.87 $40.57 13.11%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although AAP has traded at a recent price of $195.02/share, the average analyst target is 15.96% higher at $226.14/share. Invesco Russell 1000—Dynamic Multifactor ETF OMFL $43.16 $48.65 12.72% Advance Auto Parts Inc AAP $195.02 $226.14 15.96% Snap-On, Inc. SNA $221.62 $256.67 15.81% Weyerhaeuser Co WY $35.87 $40.57 13.11% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of OMFL's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Snap-On, Inc. (Symbol: SNA), and Weyerhaeuser Co (Symbol: WY).
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Three of OMFL's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Snap-On, Inc. (Symbol: SNA), and Weyerhaeuser Co (Symbol: WY). Invesco Russell 1000—Dynamic Multifactor ETF OMFL $43.16 $48.65 12.72% Advance Auto Parts Inc AAP $195.02 $226.14 15.96% Snap-On, Inc. SNA $221.62 $256.67 15.81% Weyerhaeuser Co WY $35.87 $40.57 13.11% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although AAP has traded at a recent price of $195.02/share, the average analyst target is 15.96% higher at $226.14/share.
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Three of OMFL's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Snap-On, Inc. (Symbol: SNA), and Weyerhaeuser Co (Symbol: WY). Although AAP has traded at a recent price of $195.02/share, the average analyst target is 15.96% higher at $226.14/share. Below is a twelve month price history chart comparing the stock performance of AAP, SNA, and WY: Below is a summary table of the current analyst target prices discussed above:
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Invesco Russell 1000—Dynamic Multifactor ETF OMFL $43.16 $48.65 12.72% Advance Auto Parts Inc AAP $195.02 $226.14 15.96% Snap-On, Inc. SNA $221.62 $256.67 15.81% Weyerhaeuser Co WY $35.87 $40.57 13.11% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of OMFL's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Snap-On, Inc. (Symbol: SNA), and Weyerhaeuser Co (Symbol: WY). Although AAP has traded at a recent price of $195.02/share, the average analyst target is 15.96% higher at $226.14/share.
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10929.0
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2022-07-29 00:00:00 UTC
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These 4 Measures Indicate That Advance Auto Parts (NYSE:AAP) Is Using Debt Extensively
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AAP
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https://www.nasdaq.com/articles/these-4-measures-indicate-that-advance-auto-parts-nyse%3Aaap-is-using-debt-extensively
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nan
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nan
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Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Advance Auto Parts, Inc. (NYSE:AAP) does use debt in its business. But should shareholders be worried about its use of debt?
When Is Debt A Problem?
Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. When we think about a company's use of debt, we first look at cash and debt together.
What Is Advance Auto Parts's Net Debt?
As you can see below, at the end of April 2022, Advance Auto Parts had US$1.19b of debt, up from US$1.03b a year ago. Click the image for more detail. However, it does have US$138.7m in cash offsetting this, leading to net debt of about US$1.05b.
NYSE:AAP Debt to Equity History July 29th 2022
A Look At Advance Auto Parts' Liabilities
We can see from the most recent balance sheet that Advance Auto Parts had liabilities of US$5.05b falling due within a year, and liabilities of US$4.04b due beyond that. On the other hand, it had cash of US$138.7m and US$957.8m worth of receivables due within a year. So its liabilities total US$8.00b more than the combination of its cash and short-term receivables.
This deficit is considerable relative to its very significant market capitalization of US$11.5b, so it does suggest shareholders should keep an eye on Advance Auto Parts' use of debt. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution.
We use two main ratios to inform us about debt levels relative to earnings. The first is net debt divided by earnings before interest, tax, depreciation, and amortization (EBITDA), while the second is how many times its earnings before interest and tax (EBIT) covers its interest expense (or its interest cover, for short). The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).
Advance Auto Parts has a low net debt to EBITDA ratio of only 0.96. And its EBIT covers its interest expense a whopping 21.0 times over. So you could argue it is no more threatened by its debt than an elephant is by a mouse. On the other hand, Advance Auto Parts's EBIT dived 16%, over the last year. If that rate of decline in earnings continues, the company could find itself in a tight spot. There's no doubt that we learn most about debt from the balance sheet. But it is future earnings, more than anything, that will determine Advance Auto Parts's ability to maintain a healthy balance sheet going forward. So if you're focused on the future you can check out this free report showing analyst profit forecasts.
Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. So it's worth checking how much of that EBIT is backed by free cash flow. Over the most recent three years, Advance Auto Parts recorded free cash flow worth 65% of its EBIT, which is around normal, given free cash flow excludes interest and tax. This cold hard cash means it can reduce its debt when it wants to.
Our View
Advance Auto Parts's EBIT growth rate and level of total liabilities definitely weigh on it, in our esteem. But its interest cover tells a very different story, and suggests some resilience. Looking at all the angles mentioned above, it does seem to us that Advance Auto Parts is a somewhat risky investment as a result of its debt. Not all risk is bad, as it can boost share price returns if it pays off, but this debt risk is worth keeping in mind. The balance sheet is clearly the area to focus on when you are analysing debt. However, not all investment risk resides within the balance sheet - far from it. For example - Advance Auto Parts has 1 warning sign we think you should be aware of.
When all is said and done, sometimes its easier to focus on companies that don't even need debt. Readers can access a list of growth stocks with zero net debt 100% free, right now.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We can see that Advance Auto Parts, Inc. (NYSE:AAP) does use debt in its business. NYSE:AAP Debt to Equity History July 29th 2022 A Look At Advance Auto Parts' Liabilities We can see from the most recent balance sheet that Advance Auto Parts had liabilities of US$5.05b falling due within a year, and liabilities of US$4.04b due beyond that. Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.'
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We can see that Advance Auto Parts, Inc. (NYSE:AAP) does use debt in its business. NYSE:AAP Debt to Equity History July 29th 2022 A Look At Advance Auto Parts' Liabilities We can see from the most recent balance sheet that Advance Auto Parts had liabilities of US$5.05b falling due within a year, and liabilities of US$4.04b due beyond that. The first is net debt divided by earnings before interest, tax, depreciation, and amortization (EBITDA), while the second is how many times its earnings before interest and tax (EBIT) covers its interest expense (or its interest cover, for short).
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NYSE:AAP Debt to Equity History July 29th 2022 A Look At Advance Auto Parts' Liabilities We can see from the most recent balance sheet that Advance Auto Parts had liabilities of US$5.05b falling due within a year, and liabilities of US$4.04b due beyond that. We can see that Advance Auto Parts, Inc. (NYSE:AAP) does use debt in its business. When we think about a company's use of debt, we first look at cash and debt together.
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We can see that Advance Auto Parts, Inc. (NYSE:AAP) does use debt in its business. NYSE:AAP Debt to Equity History July 29th 2022 A Look At Advance Auto Parts' Liabilities We can see from the most recent balance sheet that Advance Auto Parts had liabilities of US$5.05b falling due within a year, and liabilities of US$4.04b due beyond that. When we think about a company's use of debt, we first look at cash and debt together.
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10930.0
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2022-07-27 00:00:00 UTC
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O'Reilly Automotive (ORLY) Q2 Earnings and Revenues Lag Estimates
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AAP
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https://www.nasdaq.com/articles/oreilly-automotive-orly-q2-earnings-and-revenues-lag-estimates
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nan
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nan
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O'Reilly Automotive (ORLY) came out with quarterly earnings of $8.78 per share, missing the Zacks Consensus Estimate of $8.98 per share. This compares to earnings of $8.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.23%. A quarter ago, it was expected that this auto parts retailer would post earnings of $7.43 per share when it actually produced earnings of $7.17, delivering a surprise of -3.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
O'Reilly Automotive, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $3.67 billion for the quarter ended June 2022, missing the Zacks Consensus Estimate by 0.92%. This compares to year-ago revenues of $3.47 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
O'Reilly Automotive shares have lost about 4.4% since the beginning of the year versus the S&P 500's decline of -17.7%.
What's Next for O'Reilly Automotive?
While O'Reilly Automotive has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for O'Reilly Automotive: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $8.94 on $3.76 billion in revenues for the coming quarter and $32.61 on $14.29 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Wholesale - Parts is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Advance Auto Parts (AAP), has yet to report results for the quarter ended June 2022.
This auto parts retailer is expected to post quarterly earnings of $3.77 per share in its upcoming report, which represents a year-over-year change of +10.9%. The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level.
Advance Auto Parts' revenues are expected to be $2.75 billion, up 3.7% from the year-ago quarter.
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O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another stock from the same industry, Advance Auto Parts (AAP), has yet to report results for the quarter ended June 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Another stock from the same industry, Advance Auto Parts (AAP), has yet to report results for the quarter ended June 2022. O'Reilly Automotive, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $3.67 billion for the quarter ended June 2022, missing the Zacks Consensus Estimate by 0.92%.
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Another stock from the same industry, Advance Auto Parts (AAP), has yet to report results for the quarter ended June 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report O'Reilly Automotive (ORLY) came out with quarterly earnings of $8.78 per share, missing the Zacks Consensus Estimate of $8.98 per share.
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Another stock from the same industry, Advance Auto Parts (AAP), has yet to report results for the quarter ended June 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report O'Reilly Automotive (ORLY) came out with quarterly earnings of $8.78 per share, missing the Zacks Consensus Estimate of $8.98 per share.
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10931.0
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2022-07-25 00:00:00 UTC
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Why Advance Auto Parts (AAP) Could Beat Earnings Estimates Again
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AAP
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https://www.nasdaq.com/articles/why-advance-auto-parts-aap-could-beat-earnings-estimates-again-0
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nan
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nan
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Advance Auto Parts (AAP), which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry.
When looking at the last two reports, this auto parts retailer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.10%, on average, in the last two quarters.
For the most recent quarter, Advance Auto Parts was expected to post earnings of $3.53 per share, but it reported $3.57 per share instead, representing a surprise of 1.13%. For the previous quarter, the consensus estimate was $1.97 per share, while it actually produced $2.07 per share, a surprise of 5.08%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for Advance Auto Parts. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Advance Auto Parts has an Earnings ESP of +0.44% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It is worth considering Advance Auto Parts (AAP), which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Price and EPS Surprise With this earnings history in mind, recent estimates have been moving higher for Advance Auto Parts.
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It is worth considering Advance Auto Parts (AAP), which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
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It is worth considering Advance Auto Parts (AAP), which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
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It is worth considering Advance Auto Parts (AAP), which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts has an Earnings ESP of +0.44% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential.
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10932.0
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2022-07-13 00:00:00 UTC
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Zacks Industry Outlook Highlights O'Reilly Automotive, AutoZone, CarMax and Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-oreilly-automotive-autozone-carmax-and-advance-auto-0
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nan
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nan
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For Immediate Release
Chicago, IL – July 13, 2022 – Today, Zacks Equity Research discusses O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP.
Industry: Auto Parts - Retail
Link: https://www.zacks.com/commentary/1950905/auto-retail-parts-industry-sunny-side-up-4-stocks-in-focus
Prospects of the Zacks Automotive - Retail & Wholesale - Parts industry look promising, thanks to the growing popularity of complex technology embedded vehicles, which call for professional assistance. While global chip shortage may pose near-term headwinds, the industry is set to benefit from rapid digitization, rising demand for electric vehicles and a deep focus on cost-containment efforts. In the light of the current scenario, auto retail parts companies like O'Reilly Automotive, AutoZone, CarMax and Advance Auto Parts should be on your watchlist to reap rewards.
Industry Overview
The Zacks Automotive - Retail and Wholesale - Parts industry players execute several functions. These include manufacturing, retailing, distribution, and installation of vehicle parts, equipment as well as accessories. Vehicle parts and accessories include seat covers, antifreeze, engine additives, wiper blades, batteries, brake system components, belts, chassis parts, driveline parts, engine parts as well as fuel pumps.
Consumers have two options, either they can opt for repairing vehicles on their own (the 'do-it-yourself' or 'DIY' segment) or take the assistance of a professional repair facility (the 'do-it-for me' or 'DIFM' segment). The industry is a highly competitive one and undergoing a radical change, with evolving customer expectations and technological innovation acting as game changers.
4 Key Investing Themes
Complex-Technology Embedded Cars on the Rise: The industry is undergoing a radical change with evolving customer expectations and technological innovation acting as game changers. A shift toward electric and driverless cars is spurring demand for technologically superior auto parts. The introduction of more complex and high-tech vehicles has led consumers to take more professional help, thereby opening up new opportunities for the industry participants.
Ramp-up of E-Commerce Initiatives: With the pandemic leading to wide adoption of online services, several dealers are ramping up investments in e-commerce tools, which are buoying their prospects. The launch of a simple, secure and user-friendly online platform is aiding in seamless end-to-end digitization of the companies' sales processes. The race to invest vast sums in the e-commerce domain is gathering steam, propelling businesses to new heights.
Operational Efficiency is the Key: With the transition to greener vehicles, the companies are giving utmost importance to cost management for staying ahead in the game, as investments and R&D costs are on the rise owing to the development of superior technological platforms and sophisticated tools. The auto retail and wholesale parts industry is chalking out a detailed roadmap to make the most out of the opportunities amid the changing market scenario.
Supply Chain Snarls a Pain Point: The chip crunch — a byproduct of the COVID-19 pandemic that only got aggravated by the Russia-Ukraine war — is causing demand-supply imbalance, thereby leading to temporary hiccups for the industry. Many auto companies are forced to make production cuts, which in turn may result in lost revenues for auto retail parts companies. In addition to that, the industry has to deal with rising commodity costs, a tough labor market and logistical challenges, which may limit margins.
Zacks Industry Rank Indicates Favorable Prospects
The Zacks Auto Retail & Wholesale Parts industry is a four-stock group within the broader Zacks Auto-Tires-Trucks sector. The industry currently carries a Zacks Industry Rank #50, which places it in the top 20% of around 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates strong near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group's earnings growth potential. Over the past year, the industry's earnings estimates for 2022 have increased 8.8%.
Considering the encouraging dynamics of the industry, we will present a few stocks that you may want to consider for your portfolio. But it's worth taking a look at the industry's shareholder returns and current valuation first.
Industry Lags Sector & S&P 500
The Zacks Auto Retail & Wholesale Parts industry has underperformed the Auto, Tires and Truck sector as well as Zacks S&P 500 composite over the past year. The industry has lost 46.6% over this period compared with the sector and S&P 500's decline of 21.1% and 10.9%, respectively.
Industry's Current Valuation
Since automotive companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio.
On the basis of trailing 12-month enterprise value to EBITDA (EV/EBITDA), the industry is currently trading at 27.46X compared with the S&P 500's 12.35X and the sector's 17.23X.
Over the past five years, the industry has traded as high as 29.93X and as low as 15.87X, with the median being at 22.78X.
4 Stocks to Keep a Tab On
AutoZone: AutoZone is one of the leading specialty retailers and distributors of automotive replacement parts as well as accessories in the United States. It has been generating record revenues for 23 consecutive years, and the trend is expected to continue. The company's high-quality products, store-expansion initiatives and omni-channel efforts to improve customer shopping experience are boosting its market share.
AutoZone, which currently carries a Zacks Rank #2 (Buy), has a long-term expected EPS growth rate of 11.5%. The Zacks Consensus Estimate for fiscal 2022 earnings and sales indicates a year-over-year uptick of 21% and 10%, respectively. AZO's earnings surpassed estimates in each of the trailing four quarters, the average surprise being 19.8%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
O'Reilly: O'Reilly is one of the noted retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The company has been generating record revenues since 29 consecutive years on the back of growth in the auto parts market. ORLY is poised to benefit from store openings and distribution centers in profitable regions. Strong cash flow generation is supporting the firm's robust buyback program, thereby boosting investors' confidence.
O'Reilly, which currently carries a Zacks Rank #3 (Hold), has a long-term expected EPS growth rate of 12.6%. The Zacks Consensus Estimate for its 2022 earnings and sales indicates a year-over-year uptick of 5% and 7.3%, respectively. ORLY has managed to pull off earnings beat thrice out of the last four quarters and missed once, the average surprise being 13.4%.
CarMax: Headquartered in Richmond, VA, CarMax operates as a specialty retailer of used vehicles. The acquisition of Edmunds has solidified CarMax's position in the used auto ecosystem. It has enhanced CarMax's digital capabilities and bolstered long-term prospects. Store-expansion initiatives, fast delivery and high-quality products are improving CarMax's market share.
CarMax, which currently carries a Zacks Rank #3, has a long-term expected EPS growth rate of 15.5%. The Zacks Consensus Estimate for fiscal 2023 and 2024 sales indicate a year-over-year uptick of 6% and 3.4%, respectively. The consensus mark for fiscal 2022 earnings has moved north by 7% over the past 30 days. The same for fiscal 2023 earnings have been revised upward by 7 cents over the past seven days.
Advance Auto: Advance Auto operates in the U.S. automotive aftermarket industry and is engaged in selling replacement parts (excluding tires), accessories, batteries as well as maintenance items for vehicles. Expansion and optimization of its footprint by opening new stores, widening online presence and strategic collaborations bode well for Advance Auto Parts' growth prospects. Balance sheet strength and commitment to return shareholder capital are other tailwinds in AAP's story.
Advance Auto Parts, which currently carries a Zacks Rank #3, has a long-term expected EPS growth rate of 12.6%. The Zacks Consensus Estimate for 2022 earnings and sales indicate a year-over-year uptick of 13.9% and 3.4%, respectively. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 9.2%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
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O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
CarMax, Inc. (KMX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – July 13, 2022 – Today, Zacks Equity Research discusses O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP. Balance sheet strength and commitment to return shareholder capital are other tailwinds in AAP's story. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 9.2%.
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For Immediate Release Chicago, IL – July 13, 2022 – Today, Zacks Equity Research discusses O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP. Balance sheet strength and commitment to return shareholder capital are other tailwinds in AAP's story. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 9.2%.
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For Immediate Release Chicago, IL – July 13, 2022 – Today, Zacks Equity Research discusses O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP. Balance sheet strength and commitment to return shareholder capital are other tailwinds in AAP's story. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 9.2%.
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For Immediate Release Chicago, IL – July 13, 2022 – Today, Zacks Equity Research discusses O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP. Balance sheet strength and commitment to return shareholder capital are other tailwinds in AAP's story. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 9.2%.
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10933.0
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2022-07-12 00:00:00 UTC
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Auto Retail Parts Industry Sunny Side Up: 4 Stocks in Focus
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AAP
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https://www.nasdaq.com/articles/auto-retail-parts-industry-sunny-side-up%3A-4-stocks-in-focus
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nan
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nan
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Prospects of the Zacks Automotive - Retail & Wholesale - Parts industry look promising, thanks to the growing popularity of complex technology embedded vehicles, which call for professional assistance. While global chip shortage may pose near-term headwinds, the industry is set to benefit from rapid digitization, rising demand for electric vehicles and a deep focus on cost-containment efforts. In the light of the current scenario, auto retail parts companies like O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP should be on your watchlist to reap rewards.
Industry Overview
The Zacks Automotive - Retail and Wholesale - Parts industry players execute several functions. These include manufacturing, retailing, distribution, and installation of vehicle parts, equipment as well as accessories. Vehicle parts and accessories include seat covers, antifreeze, engine additives, wiper blades, batteries, brake system components, belts, chassis parts, driveline parts, engine parts as well as fuel pumps. Consumers have two options, either they can opt for repairing vehicles on their own (the ‘do-it-yourself’ or ‘DIY’ segment) or take the assistance of a professional repair facility (the ‘do-it-for me’ or ‘DIFM’ segment). The industry is a highly competitive one and undergoing a radical change, with evolving customer expectations and technological innovation acting as game changers.
4 Key Investing Themes
Complex-Technology Embedded Cars on the Rise: The industry is undergoing a radical change with evolving customer expectations and technological innovation acting as game changers. A shift toward electric and driverless cars is spurring demand for technologically superior auto parts. The introduction of more complex and high-tech vehicles has led consumers to take more professional help, thereby opening up new opportunities for the industry participants.
Ramp-up of E-Commerce Initiatives: With the pandemic leading to wide adoption of online services, several dealers are ramping up investments in e-commerce tools, which are buoying their prospects. The launch of a simple, secure and user-friendly online platform is aiding in seamless end-to-end digitization of the companies’ sales processes. The race to invest vast sums in the e-commerce domain is gathering steam, propelling businesses to new heights.
Operational Efficiency is the Key: With the transition to greener vehicles, the companies are giving utmost importance to cost management for staying ahead in the game, as investments and R&D costs are on the rise owing to the development of superior technological platforms and sophisticated tools. The auto retail and wholesale parts industry is chalking out a detailed roadmap to make the most out of the opportunities amid the changing market scenario.
Supply Chain Snarls a Pain Point: The chip crunch — a byproduct of the COVID-19 pandemic that only got aggravated by the Russia-Ukraine war — is causing demand-supply imbalance, thereby leading to temporary hiccups for the industry. Many auto companies are forced to make production cuts, which in turn may result in lost revenues for auto retail parts companies. In addition to that, the industry has to deal with rising commodity costs, a tough labor market and logistical challenges, which may limit margins.
Zacks Industry Rank Indicates Favorable Prospects
The Zacks Auto Retail & Wholesale Parts industry is a four-stock group within the broader Zacks Auto-Tires-Trucks sector. The industry currently carries a Zacks Industry Rank #50, which places it in the top 20% of around 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates strong near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Over the past year, the industry’s earnings estimates for 2022 have increased 8.8%.
Considering the encouraging dynamics of the industry, we will present a few stocks that you may want to consider for your portfolio. But it’s worth taking a look at the industry’s shareholder returns and current valuation first.
Industry Lags Sector & S&P 500
The Zacks Auto Retail & Wholesale Parts industry has underperformed the Auto, Tires and Truck sector as well as Zacks S&P 500 composite over the past year. The industry has lost 46.6% over this period compared with the sector and S&P 500’s decline of 21.1% and 10.9%, respectively.
One-Year Price Performance
Industry's Current Valuation
Since automotive companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio.
On the basis of trailing 12-month enterprise value to EBITDA (EV/EBITDA), the industry is currently trading at 27.46X compared with the S&P 500’s 12.35X and the sector’s 17.23X.
Over the past five years, the industry has traded as high as 29.93X and as low as 15.87X, with the median being at 22.78X, as the chart below shows.
EV/EBITDA Ratio (Past 5 Years)
4 Stocks to Keep a Tab on
AutoZone: AutoZone is one of the leading specialty retailers and distributors of automotive replacement parts as well as accessories in the United States. It has been generating record revenues for 23 consecutive years, and the trend is expected to continue. The company’s high-quality products, store-expansion initiatives and omni-channel efforts to improve customer shopping experience are boosting its market share.
AutoZone, which currently carries a Zacks Rank #2 (Buy), has a long-term expected EPS growth rate of 11.5%. The Zacks Consensus Estimate for fiscal 2022 earnings and sales indicates a year-over-year uptick of 21% and 10%, respectively. AZO’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 19.8%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price & Consensus: AZO
O’Reilly: O'Reilly is one of the noted retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The company has been generating record revenues since 29 consecutive years on the back of growth in the auto parts market. ORLY is poised to benefit from store openings and distribution centers in profitable regions. Strong cash flow generation is supporting the firm’s robust buyback program, thereby boosting investors’ confidence.
O’Reilly, which currently carries a Zacks Rank #3 (Hold), has a long-term expected EPS growth rate of 12.6%. The Zacks Consensus Estimate for its 2022 earnings and sales indicates a year-over-year uptick of 5% and 7.3%, respectively. ORLY has managed to pull off earnings beat thrice out of the last four quarters and missed once, the average surprise being 13.4%.
Price & Consensus: ORLY
CarMax: Headquartered in Richmond, VA, CarMax operates as a specialty retailer of used vehicles. The acquisition of Edmunds has solidified CarMax’s position in the used auto ecosystem. It has enhanced CarMax’s digital capabilities and bolstered long-term prospects. Store-expansion initiatives, fast delivery and high-quality products are improving CarMax’s market share.
CarMax, which currently carries a Zacks Rank #3, has a long-term expected EPS growth rate of 15.5%. The Zacks Consensus Estimate for fiscal 2023 and 2024 sales indicate a year-over-year uptick of 6% and 3.4%, respectively. The consensus mark for fiscal 2022 earnings has moved north by 7% over the past 30 days. The same for fiscal 2023 earnings have been revised upward by 7 cents over the past seven days.
Price & Consensus: KMX
Advance Auto: Advance Auto operates in the U.S. automotive aftermarket industry and is engaged in selling replacement parts (excluding tires), accessories, batteries as well as maintenance items for vehicles. Expansion and optimization of its footprint by opening new stores, widening online presence and strategic collaborations bode well for Advance Auto Parts' growth prospects. Balance sheet strength and commitment to return shareholder capital are other tailwinds in AAP’s story.
Advance Auto Parts, which currently carries a Zacks Rank #3, has a long-term expected EPS growth rate of 12.6%. The Zacks Consensus Estimate for 2022 earnings and sales indicate a year-over-year uptick of 13.9% and 3.4%, respectively. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 9.2%.
Price & Consensus: AAP
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
CarMax, Inc. (KMX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the light of the current scenario, auto retail parts companies like O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP should be on your watchlist to reap rewards. Balance sheet strength and commitment to return shareholder capital are other tailwinds in AAP’s story. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 9.2%.
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In the light of the current scenario, auto retail parts companies like O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP should be on your watchlist to reap rewards. Balance sheet strength and commitment to return shareholder capital are other tailwinds in AAP’s story. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 9.2%.
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In the light of the current scenario, auto retail parts companies like O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP should be on your watchlist to reap rewards. Balance sheet strength and commitment to return shareholder capital are other tailwinds in AAP’s story. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 9.2%.
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In the light of the current scenario, auto retail parts companies like O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP should be on your watchlist to reap rewards. Balance sheet strength and commitment to return shareholder capital are other tailwinds in AAP’s story. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 9.2%.
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10934.0
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2022-06-29 00:00:00 UTC
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Analysts Expect 26% Upside For The Holdings of AFLG
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AAP
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https://www.nasdaq.com/articles/analysts-expect-26-upside-for-the-holdings-of-aflg
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Active Factor Large Cap ETF (Symbol: AFLG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $28.83 per unit.
With AFLG trading at a recent price near $22.86 per unit, that means that analysts see 26.12% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of AFLG's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Synopsys Inc (Symbol: SNPS), and Cadence Design Systems Inc (Symbol: CDNS). Although AAP has traded at a recent price of $178.75/share, the average analyst target is 26.91% higher at $226.86/share. Similarly, SNPS has 26.78% upside from the recent share price of $303.67 if the average analyst target price of $385.00/share is reached, and analysts on average are expecting CDNS to reach a target price of $189.44/share, which is 26.20% above the recent price of $150.12. Below is a twelve month price history chart comparing the stock performance of AAP, SNPS, and CDNS:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
First Trust Active Factor Large Cap ETF AFLG $22.86 $28.83 26.12%
Advance Auto Parts Inc AAP $178.75 $226.86 26.91%
Synopsys Inc SNPS $303.67 $385.00 26.78%
Cadence Design Systems Inc CDNS $150.12 $189.44 26.20%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although AAP has traded at a recent price of $178.75/share, the average analyst target is 26.91% higher at $226.86/share. First Trust Active Factor Large Cap ETF AFLG $22.86 $28.83 26.12% Advance Auto Parts Inc AAP $178.75 $226.86 26.91% Synopsys Inc SNPS $303.67 $385.00 26.78% Cadence Design Systems Inc CDNS $150.12 $189.44 26.20% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of AFLG's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Synopsys Inc (Symbol: SNPS), and Cadence Design Systems Inc (Symbol: CDNS).
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Three of AFLG's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Synopsys Inc (Symbol: SNPS), and Cadence Design Systems Inc (Symbol: CDNS). First Trust Active Factor Large Cap ETF AFLG $22.86 $28.83 26.12% Advance Auto Parts Inc AAP $178.75 $226.86 26.91% Synopsys Inc SNPS $303.67 $385.00 26.78% Cadence Design Systems Inc CDNS $150.12 $189.44 26.20% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although AAP has traded at a recent price of $178.75/share, the average analyst target is 26.91% higher at $226.86/share.
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Three of AFLG's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Synopsys Inc (Symbol: SNPS), and Cadence Design Systems Inc (Symbol: CDNS). Although AAP has traded at a recent price of $178.75/share, the average analyst target is 26.91% higher at $226.86/share. Below is a twelve month price history chart comparing the stock performance of AAP, SNPS, and CDNS: Below is a summary table of the current analyst target prices discussed above:
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First Trust Active Factor Large Cap ETF AFLG $22.86 $28.83 26.12% Advance Auto Parts Inc AAP $178.75 $226.86 26.91% Synopsys Inc SNPS $303.67 $385.00 26.78% Cadence Design Systems Inc CDNS $150.12 $189.44 26.20% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of AFLG's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Synopsys Inc (Symbol: SNPS), and Cadence Design Systems Inc (Symbol: CDNS). Although AAP has traded at a recent price of $178.75/share, the average analyst target is 26.91% higher at $226.86/share.
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10935.0
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2022-06-25 00:00:00 UTC
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1 Safe Stock That Outperformed the S&P During the Great Recession
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AAP
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https://www.nasdaq.com/articles/1-safe-stock-that-outperformed-the-sp-during-the-great-recession
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nan
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nan
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The S&P 500's performance in 2022 -- down more than 20% -- is a clear indicator of investor pessimism as we look ahead. A combination of factors, from soaring inflation, rising interest rates, the war in Ukraine, corporate layoffs, and still-struggling supply chains, are causing many to raise the alarm on the economy in the near term.
If you're worried, like many other investors are right now, that a recession is on the way, then take a look at O'Reilly Automotive (NASDAQ: ORLY) as a stock to protect your portfolio and peace of mind.
An all-weather business
The last economic downturn (besides the 2020 pandemic-induced one) that the U.S. faced was the Great Recession that started in Dec. 2007 and lasted until June of 2009. Caused by an overextension of subprime mortgages and a hot housing market, the S&P 500 shed 36% of its value during this roughly 18-month stretch. O'Reilly Automotive, on the other hand, produced a positive return of 14% over the same time period.
The top after-market auto parts retailer posted revenue growth of 41.8% in 2008 and 35.5% in 2009, which are the highest annual gains the business has registered since 1998. Unsurprisingly, as many other companies were struggling throughout this difficult time, the fact that O'Reilly was actually thriving no doubt contributed to its stock performance.
It all boils down to the company's business model, which produces solid results no matter what macroeconomic environment we're in. If the economy is in a recession, consumers are more likely to hold off purchasing new vehicles, and they will instead try to extend the lives of their existing cars by leaning on maintenance and repairs. Selling brakes, batteries, and motor oil, among other items, at its 5,811 stores in the U.S., O'Reilly benefits in this type of scenario.
On the flip side, when we're in a robust and growing economy, consumers generally drive more and increase the wear and tear on their cars. O'Reilly's management team, led by CEO Greg Johnson, cites miles driven as one of the key factors that determines the success of the business. If consumer confidence is high, people are going to get out of their houses and drive more. Again, this situation supports demand for O'Reilly's products. From 2014 through 2019, during a time when the U.S. economy was expanding at a solid pace, O'Reilly's revenue grew at a compound annual rate of 7.1%.
Is now the right time to buy?
To help answer that question, let's look at recent results. In the first quarter of this year, O'Reilly increased sales 6.6% year over year. And this was facing a difficult comparison to Q1 2021, when the company grew revenue 24.8%. Same-store sales, a key measure for any retail-based business, rose 4.8% in the latest quarter. A low unemployment rate, coupled with elevated car prices, has led to success.
Investors will appreciate the fact that O'Reilly is an extremely profitable enterprise. Not only did the business post a gross margin of 51.8% and an operating margin of 20.3% in Q1, the company produces lots of free cash flow, totaling $2.5 billion in 2021. Management has used this consistent excess cash to reduce the outstanding share count by almost half over the past decade.
Trying to predict the macroeconomic environment is almost impossible. Consequently, it's best for investors to focus on what they can control, and that is to position their portfolios for whatever happens. O'Reilly outperformed the broader market during the Great Recession, and it's a good bet to do it again should another downturn happen.
With the stock down 11% in 2022, O'Reilly shares now trade at a price-to-earnings ratio of just 20. While this is slightly more expensive than peers like AutoZone and Advance Auto Parts, it is lower than the company's historical five-year average of 21. What's more, O'Reilly's valuation today is in line with the S&P 500. For such an outstanding business, this seems like a no-brainer investment that should be worth more than the typical corporation out there.
10 stocks we like better than OReilly Automotive
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*Stock Advisor returns as of June 2, 2022
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A combination of factors, from soaring inflation, rising interest rates, the war in Ukraine, corporate layoffs, and still-struggling supply chains, are causing many to raise the alarm on the economy in the near term. If the economy is in a recession, consumers are more likely to hold off purchasing new vehicles, and they will instead try to extend the lives of their existing cars by leaning on maintenance and repairs. O'Reilly's management team, led by CEO Greg Johnson, cites miles driven as one of the key factors that determines the success of the business.
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It all boils down to the company's business model, which produces solid results no matter what macroeconomic environment we're in. O'Reilly's management team, led by CEO Greg Johnson, cites miles driven as one of the key factors that determines the success of the business. In the first quarter of this year, O'Reilly increased sales 6.6% year over year.
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If you're worried, like many other investors are right now, that a recession is on the way, then take a look at O'Reilly Automotive (NASDAQ: ORLY) as a stock to protect your portfolio and peace of mind. Unsurprisingly, as many other companies were struggling throughout this difficult time, the fact that O'Reilly was actually thriving no doubt contributed to its stock performance. See the 10 stocks *Stock Advisor returns as of June 2, 2022 Neil Patel has no position in any of the stocks mentioned.
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Unsurprisingly, as many other companies were struggling throughout this difficult time, the fact that O'Reilly was actually thriving no doubt contributed to its stock performance. It all boils down to the company's business model, which produces solid results no matter what macroeconomic environment we're in. See the 10 stocks *Stock Advisor returns as of June 2, 2022 Neil Patel has no position in any of the stocks mentioned.
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10936.0
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2022-06-22 00:00:00 UTC
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3 Extremely Safe Dividend Stocks to Buy Now
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AAP
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https://www.nasdaq.com/articles/3-extremely-safe-dividend-stocks-to-buy-now
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nan
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nan
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The environment has changed dramatically in just the past few months. A year ago, stocks could do no wrong; buying anything on the dip usually worked out well. Now, just when it feels like the market can't move any lower, it does. It's understandable that investors are now broadly seeking out safe havens -- and reliable dividends in particular.
With that as the backdrop, here's a closer look at three safe dividend stocks you may want to buy now, just in case the current turbulence is warning of a recession and bear market that will likely drag most stocks lower.
NextEra Energy
Dividend yield: 2.4%
NextEra Energy (NYSE: NEE) may not be the market's best-known utility name, but it is quietly one of the world's biggest power providers. Its Florida Power & Light Company subsidiary delivers electricity to 5.7 million homes and businesses in Florida. It's also the world's largest renewable energy generator, wholesaling electricity largely produced by wind and the Sun via a business called NextEra Energy Resources.
It's remained relatively unfamiliar largely because the company only started using the moniker in 2010 (and was still piecing itself together at the time) while other utility outfits like Southern Company and Duke Energy enjoy a decades-old pedigree. NextEra Energy's young age, however, is also the reason it's such a compelling dividend prospect.
It's been built from the ground up with the future of energy in mind -- and without as much fossil-fuel baggage as aforementioned names like Duke and Southern Company. Not only is it already ahead of its competition in this regard, but NextEra's Real Zero plan also lays out a credible path to becoming a true zero-carbon power producer by 2045.
While it remains to be seen what the green-energy regulatory environment will look like 20 years from now, NextEra looks more ready for this evolution than any other name in the business. It has 9,500 megawatts' worth of solar power installations alone planned for the next 10 years, for instance.
In the meantime, the company that would eventually become NextEra hasn't failed to pay a dividend in any quarter since 1995 and hasn't failed to raise its annual payout in each of the past 26 years. NextEra Energy even told investors it believes it will be able to raise its full-year payout by 10% per year at least through 2024. That makes it one of the best dividend-growers out there.
Advance Auto Parts
Dividend yield: 3.6%
Stepping into a retailer's stock right now doesn't just sound a tad questionable. In light of last month's consumer-spending slowdown and red flags of a looming recession, it seems downright crazy. Advance Auto Parts (NYSE: AAP), however, defies that obvious logic for a less-than-obvious reason: auto repairs and car maintenance never really slow down, regardless of the economic environment.
As of its latest tally, Advance Auto Parts operates nearly 5,000 retail stores all across North America, generating a little over $11 billion worth of sales over the course of the past four reported quarters.Incredibly, though it's facing the same supply chain problems automobile manufacturers are, that figure is better than pre-COVID 2019's top line of $9.7 billion, which somehow grew to $10.1 billion in COVID-crimped 2020.
This year's projected top line of more than $3.5 billion will improve on last year's figure and should grow another 4% in 2023 to reach $11.8 billion. Earnings are growing at an even faster clip, with profit margins improving as the company scales up.
Some investors are surprised to see this sort of resiliency. Those people who understand the automotive business well, however, understand that as cars become more expensive and less disposable, repairing them and keeping them in good running order is an investment rather than expense. This dynamic isn't apt to change anytime soon either.
The company isn't a Dividend Aristocrat. It's not even close, in fact. Despite years of growth, Advance Auto Parts didn't get serious about paying or raising its dividends until 2020, in the midst of the pandemic.
Now that the ball's rolling though, it's not likely to stop. The auto parts retailer upped its quarterly per-share payout by 50% earlier this year; yet, that payout is still only about 40% of its typical per-share earnings.
Verizon
Dividend yield: 5.2%
Finally, add Verizon Communications (NYSE: VZ) to your list of extremely safe dividend stocks to buy now.
It's not a company that needs much in the way of an introduction. Verizon, of course, is one of the U.S.'s top wireless service providers, handling 115 million consumer accounts as of the end of the first quarter and nearly 28 million more business accounts. It also manages a cable television and broadband business, though these clearly aren't its core profit engine.
Although the company is forever innovating new products and services, Verizon's never going to deliver high growth again. Pew Research estimates that 97% of Americans now own a cellphone and 85% of the population owns a smartphone (and, therefore, already have a mobile data plan). The market itself is pretty well saturated, and while population growth and winning more market share could help expand the top line, it can't help enough to drive double-digit growth. Innovations like private 5G wireless networks and emergency responder solutions are mostly natural extensions of its existing offerings.
For investors seeking out safe, reliable dividend income, though, it doesn't matter. Consumers are practically addicted to their mobile phones and willingly pay their monthly bill to keep them connected. Verizon just needs to make sure its service is strong enough to keep its existing customers in the fold while winning its fair share of any market growth.
And it does this just fine. Last quarter's postpaid churn rate was just a hair over 1%, meaning 99% of the customers it ended the quarter with were customers at the beginning of the quarter. Oh, and with 15 consecutive years of dividend increases under its belt, it's safe to say Verizon is en route to becoming a Dividend Aristocrat.
10 stocks we like better than Advance Auto Parts
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Advance Auto Parts wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of June 2, 2022
James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool recommends Duke Energy and Verizon Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (NYSE: AAP), however, defies that obvious logic for a less-than-obvious reason: auto repairs and car maintenance never really slow down, regardless of the economic environment. It's been built from the ground up with the future of energy in mind -- and without as much fossil-fuel baggage as aforementioned names like Duke and Southern Company. Not only is it already ahead of its competition in this regard, but NextEra's Real Zero plan also lays out a credible path to becoming a true zero-carbon power producer by 2045.
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Advance Auto Parts (NYSE: AAP), however, defies that obvious logic for a less-than-obvious reason: auto repairs and car maintenance never really slow down, regardless of the economic environment. NextEra Energy Dividend yield: 2.4% NextEra Energy (NYSE: NEE) may not be the market's best-known utility name, but it is quietly one of the world's biggest power providers. Verizon, of course, is one of the U.S.'s top wireless service providers, handling 115 million consumer accounts as of the end of the first quarter and nearly 28 million more business accounts.
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Advance Auto Parts (NYSE: AAP), however, defies that obvious logic for a less-than-obvious reason: auto repairs and car maintenance never really slow down, regardless of the economic environment. NextEra Energy Dividend yield: 2.4% NextEra Energy (NYSE: NEE) may not be the market's best-known utility name, but it is quietly one of the world's biggest power providers. In the meantime, the company that would eventually become NextEra hasn't failed to pay a dividend in any quarter since 1995 and hasn't failed to raise its annual payout in each of the past 26 years.
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Advance Auto Parts (NYSE: AAP), however, defies that obvious logic for a less-than-obvious reason: auto repairs and car maintenance never really slow down, regardless of the economic environment. The environment has changed dramatically in just the past few months. Despite years of growth, Advance Auto Parts didn't get serious about paying or raising its dividends until 2020, in the midst of the pandemic.
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10937.0
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2022-06-16 00:00:00 UTC
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Even at $2,000, This Auto Stock Is Undervalued
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AAP
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https://www.nasdaq.com/articles/even-at-%242000-this-auto-stock-is-undervalued
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nan
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nan
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Headquartered in Memphis, Tennessee, AutoZone (NYSE: AZO) has been an auto parts mainstay for more than 42 years. The company has had its share of ups and downs, and has seen its share price accelerate from hundreds of dollars to over $2,000. This price point may seem difficult to justify during a time of macro-level challenges, especially high inflation and supply chain bottlenecks.
Yet, investors should bear in mind that a seemingly high share price doesn't necessarily preclude a good value. This is particularly true in AutoZone's case if the company is able to withstand economic challenges and justify its stock price with growth across key metrics.
When measuring this growth, investors should moderate their expectations in light of an industrywide difficulty in sourcing materials. Even if the company's growth rate isn't growing, AutoZone should still impress value seekers with its surprisingly strong performance.
AutoZone in the buy zone
At the very least, it's safe to surmise that AutoZone sees its shares at bargain prices as the company ramps up its buybacks. During the second quarter of fiscal 2021, AutoZone repurchased 783,000 shares of its common stock for $1.6 billion; soon afterward, the company's board approved an additional $2 billion worth of share buybacks. In the third fiscal quarter, AutoZone repurchased 449,000 shares of its common stock -- not as much as in Q2, but it's still a sign of the company's self-confidence.
Another sign that AutoZone is a worthy buy-and-hold stock is the company's low valuation according to a time-tested metric. Specifically, AutoZone's trailing price-earnings (P/E) ratio is 18, which compares favorably to 19 for both O'Reilly Automotive and Advance Auto Parts.
Beating expectations, if not inflation
AutoZone, like just about any other automotive-market business in the U.S., has been susceptible to rising input costs and margin destruction this year. But while it couldn't avoid the impact of inflation entirely, the company has demonstrated impressive resilience. In its fiscal Q2, AutoZone's gross margin (defined as gross profit as a percentage of sales) declined 59 basis points year over year to 53%, and in Q3 it decreased to 51.9%. Meanwhile, its cost of sales in Q3 increased 7% to $1.86 billion -- another sign that inflation, and perhaps supply chain issues, are taking a toll to a certain extent.
At the same time, AutoZone surpassed Wall Street's top- and bottom-line expectations in its Q3 (ended May 7), when the U.S. annualized inflation rate was already above 8%. The company's diluted earnings per share increased 9.6% to $29.03, easily outperforming the FactSet analyst consensus estimate of $26.18 per share. Moreover, AutoZone's quarterly net sales increased 5.9% to $3.9 billion, beating Wall Street's prediction of $3.71 billion. On top of all that, AutoZone's Q2 domestic same-store sales (defined as sales for stores open at least one year) increased 2.6%, while the analysts had anticipated a decline of 0.1%.
Challenging, indeed
Without citing inflation and supply chain issues in particular, AutoZone Chairman, President, and CEO Bill Rhodes acknowledged that his business is operating in "unique and challenging times" in which AutoZone will take "nothing for granted." Given these headwinds, it was practically inevitable that the company's input costs would increase and margins would diminish somewhat.
Nonetheless, AutoZone managed to open new stores in multiple countries, buy back hundreds of thousands of its own shares, and beat the Street's revenue and earnings forecasts in fiscal Q3. Besides, AutoZone's P/E ratio compares favorably to the company's peers. Therefore, investors should look past the quadruple-digit price tag, focus on value, and consider AutoZone stock as a prime all-weather holding.
10 stocks we like better than AutoZone
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and AutoZone wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 2, 2022
David Moadel has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This price point may seem difficult to justify during a time of macro-level challenges, especially high inflation and supply chain bottlenecks. This is particularly true in AutoZone's case if the company is able to withstand economic challenges and justify its stock price with growth across key metrics. Nonetheless, AutoZone managed to open new stores in multiple countries, buy back hundreds of thousands of its own shares, and beat the Street's revenue and earnings forecasts in fiscal Q3.
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In the third fiscal quarter, AutoZone repurchased 449,000 shares of its common stock -- not as much as in Q2, but it's still a sign of the company's self-confidence. In its fiscal Q2, AutoZone's gross margin (defined as gross profit as a percentage of sales) declined 59 basis points year over year to 53%, and in Q3 it decreased to 51.9%. Moreover, AutoZone's quarterly net sales increased 5.9% to $3.9 billion, beating Wall Street's prediction of $3.71 billion.
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AutoZone in the buy zone At the very least, it's safe to surmise that AutoZone sees its shares at bargain prices as the company ramps up its buybacks. During the second quarter of fiscal 2021, AutoZone repurchased 783,000 shares of its common stock for $1.6 billion; soon afterward, the company's board approved an additional $2 billion worth of share buybacks. In the third fiscal quarter, AutoZone repurchased 449,000 shares of its common stock -- not as much as in Q2, but it's still a sign of the company's self-confidence.
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Meanwhile, its cost of sales in Q3 increased 7% to $1.86 billion -- another sign that inflation, and perhaps supply chain issues, are taking a toll to a certain extent. * They just revealed what they believe are the ten best stocks for investors to buy right now... and AutoZone wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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10938.0
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2022-06-15 00:00:00 UTC
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The 7 Best High-Yield Stocks to Buy Now
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AAP
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https://www.nasdaq.com/articles/the-7-best-high-yield-stocks-to-buy-now
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As the stock market tumbles at the prospects of an imminent recession, the relative stability of high-yield stocks offer a safe harbor for investors. Generating current income from portfolio holdings has become more important than ever.
Accordingly, buy-and-hold investors are looking for for the best high-yield stocks to help them safely navigate a volatile stock market.
So far in 2022, the S&P 500 High Dividend Index has gained around 5%, whereas the S&P 500 Index has declined roughly 14% year to date. Furthermore, the iShares Core High Dividend ETF (NYSEARCA:HDV) has returned 7.4%
7 Unstoppable Stocks to Own in 2022
High-yield stocks with robust businesses shield investors from high inflation while generating reliable returns. For example, research indicates that dividend stocks gained 1.8% even during the 2000s when the stock markets crashed at the height of the dot.com bubble.
With that information, here are seven high-yield stocks that offer a safe path to tap into lucrative yields in the summer:
AAP Advance Auto Parts $171.48
AEO American Eagle Outfitters $11.58
CWH Camping World Holdings $25.46
CAKE Cheesecake Factory $28.65
IGT International Game Technology $18.85
RCII Rent-A-Center $23.49
VFC VF $45.42
Advance Auto Parts (AAP)
Source: Ken Wolter / Shutterstock.com
52-week range: $172.86 – $244.55
Advance Auto Parts (NYSE:AAP) is a leading aftermarket automotive parts provider with over 4,700 stores in North America. Sales to professionals account for roughly 60% of total revenue.
The company released Q1 results on May 23. Revenue increased 1.3% year over year to $3.4 billion. Adjusted diluted earnings increased to $3.57 per share, compared to $3.34 a year ago. Cash and equivalents ended the period at $139 million.
Advance Auto Parts reported the eighth consecutive quarter of comparable store sales growth. In 2021, the average age of vehicles on our roads hit a record 12.2 years. Thus, the company is expected to benefit, since it primarily profits from drivers who keep their existing vehicles longer.
AAP stock has declined nearly 28% so far this year. The dividend payout currently generates a yield of 3.24%, which puts it among the high-yield stocks that are ready to bounce back. Shares have a reasonable valuation at 14.4 times forward earnings and 1.15 times sales. The 12-month median price forecast for AAP stock stands at $190.
American Eagle Outfitters (AEO)
Source: Shutterstock
52-week range: $11.61 – $38.99
Clothing retailer American Eagle Outfitters (NYSE:AEO) offers clothing, accessories, and personal care products worldwide, under its flagship legacy brands, American Eagle and Aerie.
The size of the U.S. retail market stands at $317 billion. Therefore, with a market capitalization (cap) of $2.1 billion, investors are hopeful that American Eagle Outfitters can continue to generate quarters of growth.
The retailer announced Q1 results on May 26. Revenue increased 2% year over year to $1.06 billion even though margins were pressured by rising freight and labor costs. Net income declined to 16 cents per diluted share, down from 46 cents a year ago. Cash and equivalents ended the period at $229 million.
7 Nasdaq Stocks to Buy and Hold Forever
Piper Sandler’s (NYSE:PIPR) Taking Stock with Teens survey recently revealed that American Eagle is the second most popular women’s apparel brand as well as the third most popular men’s apparel brand among teens.
Yet, AEO stock has tanked more than 54% year to date, but the generous 5.6% dividend makes it a high-yield stock worth keeping your eyes on. Shares are priced at a bargain valuation of 6.1 times forward earnings and 0.6 times sales. The 12-month median price forecast for AEO stock stands at $16.
Camping World Holdings (CWH)
Source: IgorGolovniov / Shutterstock.com
52-week range: $24.58 – $46.77
Recreational vehicle (RV) retailer Camping World Holdings (NYSE:CWH) is well known among RV enthusiasts stateside. It offers products and services for about 11 million U.S. households that own RVs.
According to demographic data RV owners tend to be middle-aged, married, and earning more than $62,000 per year. The industry’s economic impact is valued at about $114 billion.
Wall Street pays attention to companies in this niche segment.
Camping World issued Q1 results on May 3. Revenue increased 6.7% year over year to $1.7 billion. Adjusted earnings came in at $1.15 per diluted share, down from $1.40 a year ago. Cash and equivalents ended the period at $139.5 million.
The company generated record sales driven by its peer-to-peer (P2P) RV-rental platform. Meanwhile, the RV Industry Association (RVIA) forecasts strong demand could make 2022 the RV industry’s second-best year on record after 2021.
The RV retailer also provides insurance, roadside assistance, and repair services. These segments mean relatively consistent cash flow during market downturns.
In March, management increased its dividend payout to an annual $2.50. At present, CWH stock generates an impressive 9.5% dividend yield at current prices, making it one of the more tempting high-yield stocks to buy.
Camping World shares lost almost 38% year to date. The stock looks significantly undervalued at just 0.3 times sales. The 12-month median price forecast for CWH stock stands at $36.
Cheesecake Factory (CAKE)
Source: Lester Balajadia / Shutterstock.com
52-week range: $27.42 – $63.25
Casual dining chain Cheesecake Factory (NASDAQ:CAKE) operates more than 300 restaurants throughout the U.S. and Canada under The Cheesecake Factory and North Italia brands.
It closed out 2021 with revenues of over $2.9 billion.
The restaurant operator released Q1 results on April 27. Revenue soared 27% year over year to $794 million. Adjusted net income came in at 47 cents per diluted share, compared to 20 cents a year ago. Total available liquidity stood at $424 million.
7 Great Dividend Stocks Under $25
Comparable sales at The Cheesecake Factory and North Italia restaurants jumped 20.7% and 32% year over year, respectively, highlighting pent-up demand after the ease of Covid-19 lockdowns. Management now expects revenue in metropolitan areas to surpass pre-pandemic levels in the coming months.
So far in 2022, CAKE stock has declined 16%. It currently supports a 3.4% dividend yield. Shares offer value 11 times forward earnings and just 0.5 times sales. Meanwhile, the 12-month median price forecast for CAKE stock stands at $44.
International Game Technology (IGT)
Source: Shutterstock
52-week range: $17.27 – $32.95
Our next high-yield stock comes from across the pond. London-based International Game Technology (NYSE:IGT) provides gaming technology products and services. It generates the bulk of its revenue from its Global Lottery and Global Gaming segments.
International Game Technology put out Q1 results on May 10. Revenue increased 4% year over year to $1.05 billion. Net income declined to 39 cents per diluted share, compared to 44 cents a year ago. Cash and equivalents ended the period at $685 million.
Investors noted that Global Gaming revenue increased 42% year over year to $325 million, more than compensating for the decline in Global Lottery revenue. In April, the company announced an agreement to acquire iSoftBet, a leading iGaming content provider, for 160 million euros. Wall Street expect the transaction to contribute to the top line.
So far in 2022, IGT stock has lost more than 35% of its value and supports a 3.65% dividend yield. Shares are changing hands at 13 times forward earnings and 1 times sales. The 12-month median price forecast for IGT stock stands at $36.
Rent-A-Center (RCII)
Source: David Tonelson/Shutterstock.com
52-week range: $22.70 – $67.76
Rent-A-Center (NASDAQ:RCII) leases durable household goods and consumer electronics to North American customers on a lease-to-own basis. Customers usually make rental payments with the option to own the product they agree to rent.
Metrics suggest the U.S. rent-to-own market is currently growing at a compound annual growth rate (CAGR) of 6.8%. Aaron’s Company (NYSE:AAN) is RCII’s main competitor.
On May 4, Rent-A-Center issued Q1 results. Revenue grew by 12% to $1.16 billion. However, adjusted diluted earnings per share declined to 74 cents, down from $1.32 in the prior-year period. Additionally, RCII had an outstanding debt of $1.4 billion at the quarter-end, compared with $439 million in liquidity.
In 2021, Rent-A-Center acquired Acima, which offers rent-to-own financing. The transaction has boosted the company’s store footprint and is helping grow the bottom line.
Yet, RCII stock has tumbled 52% year to date. It currently yields a generous 5.2% dividend. Shares are undervalued at 4.2 times forward earnings and 0.35 times sales. Lastly, the 12-month median price forecast for RCII stock stands at $42.
VF (VFC)
Source: rblfmr / Shutterstock.com
52-week range: $44.17 – $84.96
Our final of the high-yield stocks to buy is the apparel and footwear giant VF (NYSE:VFC). Its brands include Vans, The North Face, and Timberland.
On May 19, VF released its Q4 and full-year metrics. Revenue increased 9% year over year to $2.8 billion. Adjusted earnings came in at 45 cents per share, up 67% year over year. Cash and equivalents ended the period at $1.28 billion.
Sales from the North Face brand grew 24% year over year and generated 27% of total sales. Q4 gross margin stood at almost 52% despite rising input costs.
So far in 2022, VFC stock has lost more than 38%. Readers would be interested to know that the company is just one year away from becoming a Dividend King. The recent selloff has elevated the dividend yield to 4%.
Shares are changing hands at just 13 times forward earnings and 1.6 times sales. The 12-month median price forecast for VF stock stands at $51.
On the date of publication, Tezcan Gecgil, PhD, did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post The 7 Best High-Yield Stocks to Buy Now appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With that information, here are seven high-yield stocks that offer a safe path to tap into lucrative yields in the summer: AAP Advance Auto Parts $171.48 AEO American Eagle Outfitters $11.58 CWH Camping World Holdings $25.46 CAKE Cheesecake Factory $28.65 IGT International Game Technology $18.85 RCII Rent-A-Center $23.49 Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com 52-week range: $172.86 – $244.55 Advance Auto Parts (NYSE:AAP) is a leading aftermarket automotive parts provider with over 4,700 stores in North America. AAP stock has declined nearly 28% so far this year.
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With that information, here are seven high-yield stocks that offer a safe path to tap into lucrative yields in the summer: AAP Advance Auto Parts $171.48 AEO American Eagle Outfitters $11.58 CWH Camping World Holdings $25.46 CAKE Cheesecake Factory $28.65 IGT International Game Technology $18.85 RCII Rent-A-Center $23.49 Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com 52-week range: $172.86 – $244.55 Advance Auto Parts (NYSE:AAP) is a leading aftermarket automotive parts provider with over 4,700 stores in North America. AAP stock has declined nearly 28% so far this year.
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With that information, here are seven high-yield stocks that offer a safe path to tap into lucrative yields in the summer: AAP Advance Auto Parts $171.48 AEO American Eagle Outfitters $11.58 CWH Camping World Holdings $25.46 CAKE Cheesecake Factory $28.65 IGT International Game Technology $18.85 RCII Rent-A-Center $23.49 Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com 52-week range: $172.86 – $244.55 Advance Auto Parts (NYSE:AAP) is a leading aftermarket automotive parts provider with over 4,700 stores in North America. AAP stock has declined nearly 28% so far this year.
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With that information, here are seven high-yield stocks that offer a safe path to tap into lucrative yields in the summer: AAP Advance Auto Parts $171.48 AEO American Eagle Outfitters $11.58 CWH Camping World Holdings $25.46 CAKE Cheesecake Factory $28.65 IGT International Game Technology $18.85 RCII Rent-A-Center $23.49 Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com 52-week range: $172.86 – $244.55 Advance Auto Parts (NYSE:AAP) is a leading aftermarket automotive parts provider with over 4,700 stores in North America. AAP stock has declined nearly 28% so far this year.
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10939.0
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2022-06-14 00:00:00 UTC
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Ex-Dividend Reminder: J&J Snack Foods, Dine Brands Global and Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-jj-snack-foods-dine-brands-global-and-advance-auto-parts
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 6/16/22, J&J Snack Foods Corp. (Symbol: JJSF), Dine Brands Global Inc (Symbol: DIN), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. J&J Snack Foods Corp. will pay its quarterly dividend of $0.633 on 7/11/22, Dine Brands Global Inc will pay its quarterly dividend of $0.51 on 7/8/22, and Advance Auto Parts Inc will pay its quarterly dividend of $1.50 on 7/1/22. As a percentage of JJSF's recent stock price of $125.48, this dividend works out to approximately 0.50%, so look for shares of J&J Snack Foods Corp. to trade 0.50% lower — all else being equal — when JJSF shares open for trading on 6/16/22. Similarly, investors should look for DIN to open 0.75% lower in price and for AAP to open 0.87% lower, all else being equal.
When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. J&J Snack Foods Corp. (Symbol: JJSF) is a "future dividend aristocrats contender," with 18+ years of increases.
Below are dividend history charts for JJSF, DIN, and AAP, showing historical dividends prior to the most recent ones declared.
J&J Snack Foods Corp. (Symbol: JJSF):
Dine Brands Global Inc (Symbol: DIN):
Advance Auto Parts Inc (Symbol: AAP):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.02% for J&J Snack Foods Corp., 2.99% for Dine Brands Global Inc, and 3.49% for Advance Auto Parts Inc.
In Tuesday trading, J&J Snack Foods Corp. shares are currently off about 0.1%, Dine Brands Global Inc shares are off about 0.5%, and Advance Auto Parts Inc shares are down about 0.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/16/22, J&J Snack Foods Corp. (Symbol: JJSF), Dine Brands Global Inc (Symbol: DIN), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DIN to open 0.75% lower in price and for AAP to open 0.87% lower, all else being equal. Below are dividend history charts for JJSF, DIN, and AAP, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/16/22, J&J Snack Foods Corp. (Symbol: JJSF), Dine Brands Global Inc (Symbol: DIN), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. J&J Snack Foods Corp. (Symbol: JJSF): Dine Brands Global Inc (Symbol: DIN): Advance Auto Parts Inc (Symbol: AAP): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DIN to open 0.75% lower in price and for AAP to open 0.87% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/16/22, J&J Snack Foods Corp. (Symbol: JJSF), Dine Brands Global Inc (Symbol: DIN), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. J&J Snack Foods Corp. (Symbol: JJSF): Dine Brands Global Inc (Symbol: DIN): Advance Auto Parts Inc (Symbol: AAP): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DIN to open 0.75% lower in price and for AAP to open 0.87% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/16/22, J&J Snack Foods Corp. (Symbol: JJSF), Dine Brands Global Inc (Symbol: DIN), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. J&J Snack Foods Corp. (Symbol: JJSF): Dine Brands Global Inc (Symbol: DIN): Advance Auto Parts Inc (Symbol: AAP): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DIN to open 0.75% lower in price and for AAP to open 0.87% lower, all else being equal.
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10940.0
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2022-06-13 00:00:00 UTC
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Advance Auto Parts Enters Oversold Territory
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-enters-oversold-territory
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Advance Auto Parts Inc (Symbol: AAP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Advance Auto Parts Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of AAP entered into oversold territory, changing hands as low as $171.33 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Advance Auto Parts Inc, the RSI reading has hit 26.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 37.4. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, AAP's recent annualized dividend of 6/share (currently paid in quarterly installments) works out to an annual yield of 3.34% based upon the recent $179.43 share price.
A bullish investor could look at AAP's 26.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAP is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Free Report: Top 7%+ Dividends (paid monthly)
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A bullish investor could look at AAP's 26.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Advance Auto Parts Inc (Symbol: AAP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Advance Auto Parts Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of AAP entered into oversold territory, changing hands as low as $171.33 per share.
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Indeed, AAP's recent annualized dividend of 6/share (currently paid in quarterly installments) works out to an annual yield of 3.34% based upon the recent $179.43 share price. Advance Auto Parts Inc (Symbol: AAP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Advance Auto Parts Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of AAP entered into oversold territory, changing hands as low as $171.33 per share.
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Advance Auto Parts Inc (Symbol: AAP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Advance Auto Parts Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of AAP entered into oversold territory, changing hands as low as $171.33 per share. Indeed, AAP's recent annualized dividend of 6/share (currently paid in quarterly installments) works out to an annual yield of 3.34% based upon the recent $179.43 share price.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAP is its dividend history. Advance Auto Parts Inc (Symbol: AAP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Advance Auto Parts Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of AAP entered into oversold territory, changing hands as low as $171.33 per share.
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10941.0
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2022-05-31 00:00:00 UTC
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Quant Ratings Updated on 85 Stocks
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AAP
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https://www.nasdaq.com/articles/quant-ratings-updated-on-85-stocks
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
After hitting new lows, the stock market roared back with all the major indices posting gains last week. The S&P 500, Dow Jones Industrial Average and NASDAQ Composite ended the week up 6.6%, 6.2%, and 6.8%, respectively. Last week’s surge effectively ended all three indices recent losing streaks, as the Dow had previously declined for eight-straight weeks and the S&P 500 and NASDAQ both had dropped for seven-straight weeks.
Personally, I wasn’t too surprised that the stock market rebounded strongly last week. The fact is that the stock market tends to rally into a holiday weekend. Folks on Main Street are typically in a better mood heading into long holiday weekends, and that positivity often spreads to Wall Street. And after the up-down, up-down movements over the past few months, I think we were all looking forward to a break from all the recent volatility.
Now, the market will likely continue to oscillate in the near term, as investors digest upcoming economic data, companies’ outlooks for the second quarter and central banks’ efforts to curb inflation. But I think there’s a light on the horizon, and my system can find it.
It’s all about money flow. Money flow is what determines if a stock will gain or lose. If you know how to “follow the money” you stand to make a fortune. If you don’t follow the money, you could face big losses. I talked all about it in last week’s Great American Wealth Shift event. If you missed it, you can watch a replay here.
My Portfolio Grader system tracks the best buys right now, as well as those which you should steer clear of. In today’s Market360, I have included a list of 10 stocks that were upgraded from a Hold to a Buy over the holiday weekend.
To view the Portfolio Grader data on all 85 blue chip stocks, click here. Not only will I reveal which stocks were upgraded and downgraded, but you’ll get a peek at their Fundamental and Quantitative grades, too.
Click here to view my latest Weekly Upgrades and Downgrades.
UPGRADED: FROM HOLD TO BUY
SYMBOL COMPANY NAME TOTAL
GRADE
AAP Advance Auto Parts B
ABMD ABIOMED, Inc. B
BBD Banco Bradesco S.A. Sponsored ADR B
CCK Crown Holdings, Inc. B
DE Deere & Company B
DELL Dell Technologies Inc. Class C B
EA Electronic Arts B
EQH Equitable Holdings, Inc. B
KMB Kimberly-Clark Corporation B
LOW Lowe’s Corporation B
The reality is money flow is ultimately what determines if a stock will go up or down – and this is exactly what my system tracks. During my Great American Wealth Shift event last week, I shared a sector that is about to shed billions and another sector that is seeing a surge in money flow. In addition to all that, I gave away a bonus pick and revealed the No. 1 stock to avoid.
Click here to watch the replay of The Great American Wealth Shift now.
The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Electronic Arts (EA), Kimberly-Clark Corporation (KMB)
The post Quant Ratings Updated on 85 Stocks appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP Advance Auto Parts B ABMD ABIOMED, Inc. B BBD Banco Bradesco S.A. Now, the market will likely continue to oscillate in the near term, as investors digest upcoming economic data, companies’ outlooks for the second quarter and central banks’ efforts to curb inflation. Sponsored ADR B CCK Crown Holdings, Inc. B DE Deere & Company B DELL Dell Technologies Inc. Class C B EA Electronic Arts B EQH Equitable Holdings, Inc. B KMB Kimberly-Clark Corporation B LOW Lowe’s Corporation B The reality is money flow is ultimately what determines if a stock will go up or down – and this is exactly what my system tracks.
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AAP Advance Auto Parts B ABMD ABIOMED, Inc. B BBD Banco Bradesco S.A. I talked all about it in last week’s Great American Wealth Shift event. Sponsored ADR B CCK Crown Holdings, Inc. B DE Deere & Company B DELL Dell Technologies Inc. Class C B EA Electronic Arts B EQH Equitable Holdings, Inc. B KMB Kimberly-Clark Corporation B LOW Lowe’s Corporation B The reality is money flow is ultimately what determines if a stock will go up or down – and this is exactly what my system tracks.
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AAP Advance Auto Parts B ABMD ABIOMED, Inc. B BBD Banco Bradesco S.A. InvestorPlace - Stock Market News, Stock Advice & Trading Tips After hitting new lows, the stock market roared back with all the major indices posting gains last week. Last week’s surge effectively ended all three indices recent losing streaks, as the Dow had previously declined for eight-straight weeks and the S&P 500 and NASDAQ both had dropped for seven-straight weeks.
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AAP Advance Auto Parts B ABMD ABIOMED, Inc. B BBD Banco Bradesco S.A. It’s all about money flow. In today’s Market360, I have included a list of 10 stocks that were upgraded from a Hold to a Buy over the holiday weekend.
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10942.0
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2022-05-31 00:00:00 UTC
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Auto Roundup: VWAGY and STLA to Pay Emissions Fines, TM Cuts Output Target & More
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AAP
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https://www.nasdaq.com/articles/auto-roundup%3A-vwagy-and-stla-to-pay-emissions-fines-tm-cuts-output-target-more
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nan
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nan
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Last week, the European Automobile Manufacturers Association (“ACEA”) released data for commercial vehicle registrations for April 2022. The European Union (EU) commercial vehicle market contracted 27.1% in April to 125,034 units amid chip woes aggravated by the Russia-Ukraine war. Most of the countries in the EU witnessed a double-digit drop in registrations, including four key markets. Registrations in Italy, Germany, Spain and France witnessed a yearly decline of 17.5%, 30.5%, 36% and 28.6%, respectively. During the first four months of 2022, new car registrations declined 20.3%, with last month’s dismal performance pulling down the cumulative results further. All four major EU markets saw declines, with Spain suffering the steepest fall of 31.8%. Registrations in France, Italy and Germany declined 23.6%, 7.7% and 16.5%, respectively, over the same timeframe.
On the news front, two auto parts retailers Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO came out with their quarterly releases. Both the companies managed to pull off an earnings beat. Meanwhile, two auto giants Volkswagen AG VWAGY and Stellantis NV STLA announced that they will pay settlement fines of $242 million and $300 million, respectively, over emission scandals. Japan’s auto bigwig Toyota Motor TM cut its production target for June amid the chip crisis.
Last Week’s Top Stories
1. Advance Auto reported adjusted earnings of $3.57 per share for first-quarter 2022 (ended Apr 23, 2022), up 6.9% from the year-ago quarter figure and surpassing the Zacks Consensus Estimate of $3.53. Advance Auto generated net revenues of $3,374.2 million, falling short of the Zacks Consensus Estimate of $3,381 million but edging up 1.3% from the year-ago reported figure. While comparable same-store sales grew 0.60%, adjusted operating income was up 1.6% year over year to $303.6 million despite a rise in SG&A costs. Adjusted SG&A expenses increased $1.3 billion for first-quarter 2022, up from $1.2 billion in the year-ago period.
Advance Auto estimates 2022 net sales in the band of $11.2-$11.5 billion. Comparable store sales growth and adjusted operating income margin are envisioned in the range of 1-3% and 10-10.2%, respectively. Advance Auto expects capex in the $300-$350 million range and targets FCF of a minimum of $775 million. Adjusted EPS is now forecast between $13.30 and $13.85, up from the previously guided range of $13.20-$13.75. The auto parts retailer intends to buy back stocks worth $500-$700 million. AAP aims to open 125-150 new stores this year.
2. AutoZone reported earnings of $29.03 per share for third-quarter fiscal 2022, up 9.6% from the prior-year figure of $26.48. The bottom line also surpassed the Zacks Consensus Estimate of $25.87. Net sales also grew 5.8% to $3,865.2 million. The top line beat the Zacks Consensus Estimate of $3,702 million. In the reported quarter, domestic commercial sales totaled $1,044.3 million, up from $828.6 million recorded in the year-ago period. Domestic same-store sales (sales at stores open at least for a year) rose 2.6% in the quarter under discussion.
During the fiscal third quarter, AutoZone opened 24 new stores, four in Mexico and three in Brazil. It exited the quarter with 6,115 stores in the United States, 673 in Mexico and 58 in Brazil. The total store count was 6,846 as of May 7, 2022.AutoZone had cash and cash equivalents of $263 million as of May 7, 2022, down from $975 million on May 8, 2021. Total debt amounted to $6,057.4 million as of May 7, 2022, marking an increase from $5,267.9 million on May 8, 2021.
3. Volkswagen stated that it will pay £193 million ($242 million) to settle 91,000 out-of-court legal claims in England and Wales over the Dieselgate emissions scandal that the largest European carmaker was embroiled in.The scandal ensued in 2015 after around 11 million company cars worldwide and 1.2 million in Britain were alleged to have been fitted with software that hoodwinked diesel emission tests designed to limit nitrogen oxide car fumes. It has gone down as one of the costliest corporate scandals in history. Volkswagen has spent more than €30bn (£26bn) in legal fees and payouts to customers, including a $15 billion (£12bn) settlement in the United States.
Per the settlement, the claimants will receive average payments of more than £2,100 each after joining the lawsuit that claimed that Volkswagen’s Audi, Seat and Skoda’s emissions, too, were more than what the company stated. The carmaker will also pay out an amount estimated to be tens of millions of pounds to cover the claimants’ legal costs and other fees that include the costs levied by investors who backed the legal actions.
4. Stellantis agreed to plead guilty to end a multi-year investigation probing its involvement in concealing the amount of pollution created by its diesel engines. The automaker company is gearing itself up to pay $300 million to settle allegations of criminal fraud. Stellantis declined to comment on the report.
This will settle a long-standing probe by the U.S. Justice Department and the Securities and Exchange Commission initiated in 2019 when Stellantis recalled nearly 1 million vehicles in the United States and Canada for not meeting federal tailpipe emission standards. The agency has pressed criminal charges on three employees so far. The probe involved nearly 100,000 Ram pickup trucks and Jeep SUVs sold in the United States.
5. Toyota slashed its production targets twice last week, citing supply chain issues and coronavirus-induced lockdowns in China. Amid the shortage of microchips, Toyota announced last Tuesday that it is trimming its output plan for June by about 100,000 vehicles. On Friday, the automaker again cut its production target by 50,000 units and now expects global production in June to total 800,000 units.
Toyota notified that it would halt operations at some of its domestic plants for one week starting Jun 6. While Toyota hasn’t lowered its 2022 worldwide production target of 9.7 million vehicles, the company states that there might be a "possibility" that the forecast might be lowered. TM currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price Performance
The following table shows the price movement of some of the major auto players over the last week and six-month period.
Image Source: Zacks Investment Research
What’s Next in the Auto Space?
Industry watchers will keep a tab on U.S. vehicle sales for the month of June. Also, stay tuned for any update on how automakers will tackle the semiconductor shortage — compounded by the Russia-Ukraine war and COVID-19 restrictions in China — and make changes in business operations.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Toyota Motor Corporation (TM): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Volkswagen AG Unsponsored ADR (VWAGY): Free Stock Analysis Report
Stellantis N.V. (STLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the news front, two auto parts retailers Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO came out with their quarterly releases. AAP aims to open 125-150 new stores this year. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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On the news front, two auto parts retailers Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO came out with their quarterly releases. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AAP aims to open 125-150 new stores this year.
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On the news front, two auto parts retailers Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO came out with their quarterly releases. AAP aims to open 125-150 new stores this year. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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On the news front, two auto parts retailers Advance Auto Parts, Inc. AAP and AutoZone, Inc. AZO came out with their quarterly releases. AAP aims to open 125-150 new stores this year. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10943.0
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2022-05-27 00:00:00 UTC
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Advance Auto (AAP) Dips 20% YTD But Worth Holding for Long Term
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AAP
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https://www.nasdaq.com/articles/advance-auto-aap-dips-20-ytd-but-worth-holding-for-long-term
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nan
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nan
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Shares of auto parts retailer Advance Auto Parts AAP have plunged 20.5% on a year-to-date basis. As we know, the auto industry is struggling owing to the chip crunch and exacerbated supply chain snarls due to the Russia-Ukraine war and lockdown restrictions in China. Additionally, shares of AAP have also cratered amid a broader market sell-off owing to concerns over economic slowdown because of sky-high inflation and rising interest rates.
Besides these macro headwinds, Advance Auto is bearing the brunt of cost woes, which are hurting the stock. Escalating selling, general and administrative (SG&A) costs are limiting the firm’s margins. In 2021, its SG&A expenditure rose 10% year over year to $4.1 billion. In the last reported quarter, adjusted SG&A expenses increased to $1.30 billion, up from $1.2 billion in the year-ago period. The trend is expected to continue amid huge costs for store openings, partnerships and investments to strengthen the supply chain.For 2022, the firm expects capex within $300-$350 million, up from $290 million recorded in 2021. Rising investments to develop technology platforms and digital initiatives are also likely to dent cash flows. In the last reported quarter, AAP recorded a negative FCF of $169.8 million, deteriorating from a positive FCF of $259 million in the comparable year-ago period. In addition to operating expenses, commodity cost inflation, a difficult labor environment and global logistics challenges are likely to weigh on its near-term prospects.
However, these are just temporary hiccups and shouldn’t prompt you to sell the stock. Advance Auto Parts looks well poised for the long haul on the back of several tailwinds. While the firm’s expansion and optimization of its footprint by opening new stores, widening its online presence and strategic collaborations may strain near-term financials, it augurs well for AAP’s growth. Encouragingly, Advance Auto estimates 2022 net sales in the band of $11.2-$11.5 billion, up from $10.99 billion recorded in 2021. Adjusted operating income margin is envisioned in the range of 10-10.2%, up from 9.6% in 2021. Adjusted EPS is now forecast between $13.30 and $13.85, up from the previously guided range of $13.20-$13.75 as well as $12.02 recorded in 2021.
The in-store pick-up advancements and enhancements to the firm’s online portal ”MyAdvance” have improved the customer shopping experience. The company has enhanced the front-end user experience of its online platform, which is leading to stronger traffic and higher conversion rates while in-store execution is resulting in notable gains in units per transaction.
We also appreciate the firm’s efforts to expand its lineup of differentiated billion-dollar brands, Carquest and DieHard.The acquisition of the DieHard brand from Transformco has boosted the company’s top line. Following the launch of DieHard in mid-2020, the brand crossed $1 billion in annual sales in 2021. AAP’s multi-year agreement with Bridgestone to sell DieHard batteries augurs well. To cash in on the soaring electric vehicle popularity, AAP recently announced the introduction of DieHard EV batteries, becoming the first auto parts retailer to sell 12-volt batteries specifically designed for green vehicles.Additionally, the company is focused on expanding its parts catalog for electric and hybrid vehicles.
The firm’s Warehouse Management Systems and Labor Management System initiatives remain on track and are set to unlock long-term margin expansion and drive productivity. Integration of Worldpac and Autopart International was completed by the end of first-quarter 2022 and is set to drive gross margin expansion.
Balance sheet strength and commitment to return shareholder capital are the other positives of AAP. The firm’s debt to capitalization stands at 24%, well below the industry’s 79%. The low leverage of the firm increases its financial flexibility to tap onto growth opportunities. The company’s times interest earned ratio of 19.83 is higher than the auto sector’s 12.55, which signals default risk. In 2021, AAP returned $1 billion through share repurchases and dividends. To investors delight, Advance Auto boosted its buyback program by $1 billion and also hiked its dividend by 50% in February. In the first quarter of 2022, AAP returned over $400 million to shareholders via share repurchases ($248 million) and quarterly cash dividends ($154.8 million).
In the light of these tailwinds, we think it is worth retaining Advance Auto in your portfolio. The firm’s expected long-term EPS growth rate is 12.74%. The company currently carries a Zacks Rank #3 (Hold).
Top-Ranked Auto Picks
Some better-ranked players in the auto space include AutoNation AN and Penske Automotive PAG. While AN flaunts a Zacks Rank #1 (Strong Buy), PAG carries a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
AutoNation is one of the world's largest automotive dealers. Its first-quarter 2022 results marked the eighth consecutive quarter of record-high numbers. A diversified product mix, strong footprint, a large dealer network and aggressive store expansion efforts are set to fuel the firm's profitability. The acquisition of Peacock Automotive Group and Priority 1 have buoyed AutoNation’s portfolio. Enhanced digital solutions have helped AutoNation to further boost profitability and market presence.
The Zacks Consensus Estimate for AN’s 2022 earnings and sales implies year-over-year growth of 28% and 6.7%, respectively. It has surpassed earnings estimates in the last four quarters, with an average surprise of 27.4%. AutoNation has a long-term EPS growth rate of 24.7% and a VGM Score of A.
Penske is riding high on strategic acquisitions. It has become the largest dealership group for Freightliner in North America with Warner Truck Centers buyout. The buyouts of Kansas City Freightliner, McCoy and Team Trucks Centers are boosting Penske’s top line. Notably, over the last 12 months, the company has completed acquisitions or opened new dealerships that would add $1.9 billion in annualized revenues. Expansion of digital capabilities, balance sheet strength and investor-friendly moves are other positives.
The Zacks Consensus Estimate for PAG’s 2022 sales and earnings implies year-over-year growth of 10% and 10.7%, respectively. It surpassed earnings estimates in the last four quarters, with the average surprise being 17.7%. Penske currently has a VGM Score of B.
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Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report
AutoNation, Inc. (AN): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Additionally, shares of AAP have also cratered amid a broader market sell-off owing to concerns over economic slowdown because of sky-high inflation and rising interest rates. While the firm’s expansion and optimization of its footprint by opening new stores, widening its online presence and strategic collaborations may strain near-term financials, it augurs well for AAP’s growth. Shares of auto parts retailer Advance Auto Parts AAP have plunged 20.5% on a year-to-date basis.
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In the first quarter of 2022, AAP returned over $400 million to shareholders via share repurchases ($248 million) and quarterly cash dividends ($154.8 million). Shares of auto parts retailer Advance Auto Parts AAP have plunged 20.5% on a year-to-date basis. Additionally, shares of AAP have also cratered amid a broader market sell-off owing to concerns over economic slowdown because of sky-high inflation and rising interest rates.
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Shares of auto parts retailer Advance Auto Parts AAP have plunged 20.5% on a year-to-date basis. To cash in on the soaring electric vehicle popularity, AAP recently announced the introduction of DieHard EV batteries, becoming the first auto parts retailer to sell 12-volt batteries specifically designed for green vehicles.Additionally, the company is focused on expanding its parts catalog for electric and hybrid vehicles. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Shares of auto parts retailer Advance Auto Parts AAP have plunged 20.5% on a year-to-date basis. Additionally, shares of AAP have also cratered amid a broader market sell-off owing to concerns over economic slowdown because of sky-high inflation and rising interest rates.
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10944.0
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2022-05-26 00:00:00 UTC
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Implied DDIV Analyst Target Price: $37
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AAP
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https://www.nasdaq.com/articles/implied-ddiv-analyst-target-price%3A-%2437-0
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Dorsey Wright Momentum & Dividend ETF (Symbol: DDIV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $37.28 per unit.
With DDIV trading at a recent price near $32.51 per unit, that means that analysts see 14.67% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of DDIV's underlying holdings with notable upside to their analyst target prices are Lincoln National Corp. (Symbol: LNC), Advance Auto Parts Inc (Symbol: AAP), and Extra Space Storage Inc (Symbol: EXR). Although LNC has traded at a recent price of $54.71/share, the average analyst target is 39.37% higher at $76.25/share. Similarly, AAP has 36.75% upside from the recent share price of $185.31 if the average analyst target price of $253.42/share is reached, and analysts on average are expecting EXR to reach a target price of $202.73/share, which is 17.56% above the recent price of $172.45. Below is a twelve month price history chart comparing the stock performance of LNC, AAP, and EXR:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
First Trust Dorsey Wright Momentum & Dividend ETF DDIV $32.51 $37.28 14.67%
Lincoln National Corp. LNC $54.71 $76.25 39.37%
Advance Auto Parts Inc AAP $185.31 $253.42 36.75%
Extra Space Storage Inc EXR $172.45 $202.73 17.56%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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First Trust Dorsey Wright Momentum & Dividend ETF DDIV $32.51 $37.28 14.67% Lincoln National Corp. LNC $54.71 $76.25 39.37% Advance Auto Parts Inc AAP $185.31 $253.42 36.75% Extra Space Storage Inc EXR $172.45 $202.73 17.56% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of DDIV's underlying holdings with notable upside to their analyst target prices are Lincoln National Corp. (Symbol: LNC), Advance Auto Parts Inc (Symbol: AAP), and Extra Space Storage Inc (Symbol: EXR). Similarly, AAP has 36.75% upside from the recent share price of $185.31 if the average analyst target price of $253.42/share is reached, and analysts on average are expecting EXR to reach a target price of $202.73/share, which is 17.56% above the recent price of $172.45.
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Three of DDIV's underlying holdings with notable upside to their analyst target prices are Lincoln National Corp. (Symbol: LNC), Advance Auto Parts Inc (Symbol: AAP), and Extra Space Storage Inc (Symbol: EXR). First Trust Dorsey Wright Momentum & Dividend ETF DDIV $32.51 $37.28 14.67% Lincoln National Corp. LNC $54.71 $76.25 39.37% Advance Auto Parts Inc AAP $185.31 $253.42 36.75% Extra Space Storage Inc EXR $172.45 $202.73 17.56% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Similarly, AAP has 36.75% upside from the recent share price of $185.31 if the average analyst target price of $253.42/share is reached, and analysts on average are expecting EXR to reach a target price of $202.73/share, which is 17.56% above the recent price of $172.45.
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Similarly, AAP has 36.75% upside from the recent share price of $185.31 if the average analyst target price of $253.42/share is reached, and analysts on average are expecting EXR to reach a target price of $202.73/share, which is 17.56% above the recent price of $172.45. Three of DDIV's underlying holdings with notable upside to their analyst target prices are Lincoln National Corp. (Symbol: LNC), Advance Auto Parts Inc (Symbol: AAP), and Extra Space Storage Inc (Symbol: EXR). Below is a twelve month price history chart comparing the stock performance of LNC, AAP, and EXR: Below is a summary table of the current analyst target prices discussed above:
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First Trust Dorsey Wright Momentum & Dividend ETF DDIV $32.51 $37.28 14.67% Lincoln National Corp. LNC $54.71 $76.25 39.37% Advance Auto Parts Inc AAP $185.31 $253.42 36.75% Extra Space Storage Inc EXR $172.45 $202.73 17.56% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of DDIV's underlying holdings with notable upside to their analyst target prices are Lincoln National Corp. (Symbol: LNC), Advance Auto Parts Inc (Symbol: AAP), and Extra Space Storage Inc (Symbol: EXR). Similarly, AAP has 36.75% upside from the recent share price of $185.31 if the average analyst target price of $253.42/share is reached, and analysts on average are expecting EXR to reach a target price of $202.73/share, which is 17.56% above the recent price of $172.45.
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10945.0
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2022-05-24 00:00:00 UTC
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Advance Auto (AAP) Beats on Q1 Earnings, Ups '22 EPS View
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AAP
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https://www.nasdaq.com/articles/advance-auto-aap-beats-on-q1-earnings-ups-22-eps-view
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nan
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $3.57 per share for first-quarter 2022 (ended Apr 23, 2022), up 6.9% from the year-ago quarter figure. The reported figure also beat the Zacks Consensus Estimate of $3.53 on higher-than-expected comps growth. Advance Auto generated net revenues of $3,374.2 million, falling short of the Zacks Consensus Estimate of $3,381 million but edging up 1.3% from the year-ago reported figure.
The first quarter of 2022 marked the eighth consecutive quarter of comps and adjusted operating income growth. While comparable same-store sales grew 0.60%, adjusted operating income was up 1.6% year over year to $303.6 million despite a rise in SG&A costs. Adjusted SG&A expenses increased $1.3 billion for first-quarter 2022, up from $1.2 billion in the year-ago period.
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise
Advance Auto Parts, Inc. price-consensus-eps-surprise-chart | Advance Auto Parts, Inc. Quote
Financial Position
Advance Auto had cash and cash equivalents of $138.7 million as of Apr 23, 2022 compared with $601.4 million on Jan 1, 2022. Total long-term debt was $1,187.2 million as of Apr 23, 2022, up from $1,034.3 million on Jan 1, 2022. During the reported quarter, net cash used in operating activities totaled $55 million against $329.9 million of net cash provided by operating activities in the first quarter of 2021. Consequently, AAP recorded a negative Q1’22 FCF of $169.8 million, deteriorating from a positive FCF of $259 million in the comparable year-ago period.
Dividend & Share Repurchase
On May 18, AAP’s board declared a cash dividend of $1.50 a share, which would be payable on Jul 1, 2022 to all common shareholders of record as of Jun 17, 2022.
During the quarter under discussion, AAP — which currently carries a Zacks Rank #3 (Hold) — repurchased around 1.1 million shares for $248.2 million at an average price of $231.41 per share. At the end of first-quarter 2022, AAP had $1.3 billion remaining under the share-repurchase program.
Store Update
As of Apr 23, 2022, AAP operated 4,687 stores and 311 Worldpac branches in the United States, Canada, Puerto Rico, and U.S. Virgin Islands. It also served 1,318 independently-owned Carquest-branded stores across these locations, in addition to Mexico and various Caribbean Islands.
Guidance for 2022
Advance Auto estimates 2022 net sales in the band of $11.2-$11.5 billion. Comparable store sales growth and adjusted operating income margin are envisioned in the range of 1-3% and 10-10.2%, respectively. Advance Auto expects capex in the $300-$350 million range and targets FCF of a minimum of $775 million. Adjusted EPS is now forecast between $13.30 and $13.85, up from the previously guided range of $13.20-$13.75. The auto parts retailer intends to buy back stocks worth $500-$700 million. AAP aims to open 125-150 new stores this year.
Zacks Rank & Key Picks
Advance Auto currently carries a Zacks Rank #3 (Hold).
Some better-ranked players in the auto space include Group 1 Automotive GPI Genuine Parts Company GPC and Standard Motor Products SMP, each carrying a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Group 1: Group 1 is one of the leading automotive retailers in the world, with operations primarily located in the United States and the UK. The Zacks Consensus Estimate for current-year earnings and sales implies year-over-year growth of 19.6% and 20%, respectively.
Over the trailing four quarters, GPI surpassed estimates on all occasions, the average surprise being 6.6%. GPI reported first-quarter 2022 adjusted earnings per share of $10.81, beating the Zacks Consensus Estimate of $9.45.
Genuine Parts: Atlanta-based Genuine Parts distributes automotive and industrial replacement parts and materials. The Zacks Consensus Estimate for current-year earnings and sales implies year-over-year growth of 13.6% and 12.2%, respectively.
Over the trailing four quarters, GPC surpassed estimates on all occasions, the average surprise being 11.3%. Genuine Parts reported first-quarter 2022 adjusted earnings of $1.86 per share, topping the Zacks Consensus Estimate of $1.70.
Standard Motor: Standard Motor is one of the leading manufacturers, distributors, and marketers of premium automotive replacement parts for engine management and temperature control systems. The Zacks Consensus Estimate for current-year earnings and sales implies year-over-year growth of 2% and 6.4%, respectively.
Over the trailing four quarters, SMP surpassed estimates on all occasions, the average surprise being 40.3%. Standard Motor reported first-quarter 2022 adjusted earnings of 92 cents per share, beating the Zacks Consensus Estimate of 81 cents.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Genuine Parts Company (GPC): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Standard Motor Products, Inc. (SMP): Free Stock Analysis Report
Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $3.57 per share for first-quarter 2022 (ended Apr 23, 2022), up 6.9% from the year-ago quarter figure. Consequently, AAP recorded a negative Q1’22 FCF of $169.8 million, deteriorating from a positive FCF of $259 million in the comparable year-ago period. Dividend & Share Repurchase On May 18, AAP’s board declared a cash dividend of $1.50 a share, which would be payable on Jul 1, 2022 to all common shareholders of record as of Jun 17, 2022.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $3.57 per share for first-quarter 2022 (ended Apr 23, 2022), up 6.9% from the year-ago quarter figure. Consequently, AAP recorded a negative Q1’22 FCF of $169.8 million, deteriorating from a positive FCF of $259 million in the comparable year-ago period. Dividend & Share Repurchase On May 18, AAP’s board declared a cash dividend of $1.50 a share, which would be payable on Jul 1, 2022 to all common shareholders of record as of Jun 17, 2022.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $3.57 per share for first-quarter 2022 (ended Apr 23, 2022), up 6.9% from the year-ago quarter figure. Consequently, AAP recorded a negative Q1’22 FCF of $169.8 million, deteriorating from a positive FCF of $259 million in the comparable year-ago period. Dividend & Share Repurchase On May 18, AAP’s board declared a cash dividend of $1.50 a share, which would be payable on Jul 1, 2022 to all common shareholders of record as of Jun 17, 2022.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $3.57 per share for first-quarter 2022 (ended Apr 23, 2022), up 6.9% from the year-ago quarter figure. During the quarter under discussion, AAP — which currently carries a Zacks Rank #3 (Hold) — repurchased around 1.1 million shares for $248.2 million at an average price of $231.41 per share. Consequently, AAP recorded a negative Q1’22 FCF of $169.8 million, deteriorating from a positive FCF of $259 million in the comparable year-ago period.
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10946.0
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2022-05-24 00:00:00 UTC
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Consumer Sector Update for 05/24/2022: ANF, AAP, WOOF, XLP, XLY
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-for-05-24-2022%3A-anf-aap-woof-xlp-xly
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nan
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nan
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Consumer stocks were leaning lower pre-bell Tuesday. The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.29% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was slipping past 1% recently.
Abercrombie & Fitch (ANF) was retreating by more than 31% as it posted a fiscal Q1 adjusted loss of $0.27 per diluted share, compared with earnings of $0.67 a year earlier. Analysts polled by Capital IQ expected EPS of $0.08.
Advance Auto Parts (AAP) reported fiscal Q1 adjusted earnings of $3.57 per diluted share, up from $3.34 a year earlier. Analysts polled by Capital IQ called for $3.59. Advance Auto Parts was down more than 2% recently.
Petco Health and Wellness (WOOF) was climbing past 7% after it reported fiscal Q1 adjusted earnings of $0.17 per share, flat with a year earlier. Analysts polled by Capital IQ forecast $0.15.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) reported fiscal Q1 adjusted earnings of $3.57 per diluted share, up from $3.34 a year earlier. Abercrombie & Fitch (ANF) was retreating by more than 31% as it posted a fiscal Q1 adjusted loss of $0.27 per diluted share, compared with earnings of $0.67 a year earlier. Petco Health and Wellness (WOOF) was climbing past 7% after it reported fiscal Q1 adjusted earnings of $0.17 per share, flat with a year earlier.
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Advance Auto Parts (AAP) reported fiscal Q1 adjusted earnings of $3.57 per diluted share, up from $3.34 a year earlier. The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.29% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was slipping past 1% recently. Petco Health and Wellness (WOOF) was climbing past 7% after it reported fiscal Q1 adjusted earnings of $0.17 per share, flat with a year earlier.
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Advance Auto Parts (AAP) reported fiscal Q1 adjusted earnings of $3.57 per diluted share, up from $3.34 a year earlier. The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.29% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was slipping past 1% recently. Petco Health and Wellness (WOOF) was climbing past 7% after it reported fiscal Q1 adjusted earnings of $0.17 per share, flat with a year earlier.
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Advance Auto Parts (AAP) reported fiscal Q1 adjusted earnings of $3.57 per diluted share, up from $3.34 a year earlier. Consumer stocks were leaning lower pre-bell Tuesday. The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.29% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was slipping past 1% recently.
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10947.0
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2022-05-24 00:00:00 UTC
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Is the Options Market Predicting a Spike in Advance Auto (AAP) Stock?
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AAP
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https://www.nasdaq.com/articles/is-the-options-market-predicting-a-spike-in-advance-auto-aap-stock
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nan
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nan
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Investors in Advance Auto Parts, Inc. AAP need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 17, 2022 $145.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Advance Auto shares, but what is the fundamental picture for the company? Currently, Advance Auto is a Zacks Rank #3 (Hold) in the Automotive - Retail and Wholesale - Parts industry that ranks in the Bottom 8% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimates for the current quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $3.88 per share to $3.87 in that period.
Given the way analysts feel about Advance Auto right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.
Click to see the trades now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in Advance Auto Parts, Inc. AAP need to pay close attention to the stock based on moves in the options market lately. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in Advance Auto Parts, Inc. AAP need to pay close attention to the stock based on moves in the options market lately. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in Advance Auto Parts, Inc. AAP need to pay close attention to the stock based on moves in the options market lately. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in Advance Auto Parts, Inc. AAP need to pay close attention to the stock based on moves in the options market lately. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
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10948.0
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2022-05-24 00:00:00 UTC
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The Zacks Analyst Blog Highlights Advance Auto Parts, Best Buy, AutoZone, DICK'S Sporting Goods and Ulta Beauty
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AAP
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-advance-auto-parts-best-buy-autozone-dicks-sporting
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nan
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nan
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For Immediate Release
Chicago, IL – May 24, 2022 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Advance Auto Parts Inc. AAP, Best Buy Co. Inc. BBY, AutoZone Inc. AZO, DICK'S Sporting Goods Inc. DKS and Ulta Beauty Inc. ULTA.
Here are highlights from Monday’s Analyst Blog:
5 Retailers Poised to Beat Earnings This Week
The first-quarter 2022 earnings season will almost come to an end this week. Earnings results are better-than-expected so far. Companies of almost all major sectors have already reported their financial numbers. However, the retail sector is an exception as a slew of retailers will report this week.
In the last couple of weeks, several big U.S. retailers missed earnings estimates and issued disappointing guidance. Mounting inflation has resulted in an unexpected rise in logistics and labor costs. Moreover, a section of Americans is shifting expenditure from discretionary items to necessary goods, especially groceries.
Nevertheless, five big retailers are set to beat on earnings this week, which should drive their stock prices in the near future. These are - Advance Auto Parts Inc., Best Buy Co. Inc., AutoZone Inc., DICK'S Sporting Goods Inc. and Ulta Beauty Inc.
Strong First-Quarter Earnings Results So Far
As of May 18, 467 S&P 500 companies reported earnings results. Year over year, the total earnings of these companies are up 9.6% on 13.9% higher revenues. Moreover, 78.4% of these companies beat earnings estimates and 74.7% beat revenue estimates.
For the first quarter, total earnings of the S&P 500 Index are currently expected to be up 9.6% year over year on 13.5% higher revenues. The current estimate witnessed a significant improvement from 4.3% year-over-year earnings on 10% higher revenues estimated at the beginning of the reporting cycle.
Stocks in Focus
Five big retailers will report earnings results this week. Each of these stocks carries a Zacks Rank #3 (Hold) and has a positive Earnings ESP. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that for stocks with the combination of a Zacks Rank #3 or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings releases. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Advance Auto Parts provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy-duty truck. AAP's efforts to expand and optimize its footprint by opening new stores, widening online presence and strategic collaborations are expected to boost its prospects.
The multi-year agreement with Bridgestone for DieHard batteries is set to aid Advance Auto Parts' top-line growth. AAP's strong balance sheet and commitment to return shareholder capital are praiseworthy.
Advance Auto Parts has an Earnings ESP of +4.91%. It has an expected earnings growth rate of 14.5% for the current year. The Zacks Consensus Estimate for current-year earnings improved 0.1% over the last 7 days.
AAP recorded earnings surprises in the last four reported quarters, with an average beat of 11.1%. The company is set to release earnings results on May 23, after the closing bell.
Best Buy operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. BBY has been benefiting from its omnichannel capabilities as well as investments in new membership program, technology, advertising and health strategy. These apart, Best Buy's strong supply-chain expertise, flexible store operating model and the ability to shift quickly to the digital mode constantly support its performance.
Best Buy has an Earnings ESP of +0.43%. It has an expected earnings growth rate of 14.5% for the current year. BBY is set to release earnings results on May 24, before the opening bell.
AutoZone is one of the leading specialty retailers and distributor of automotive replacement parts and accessories in the United States. It operates in the Do-It-Yourself retail, Do-It-for-Me auto parts and products markets. AutoZone's high-quality products, store-expansion initiatives and omni-channel efforts to improve customer shopping experience are boosting its market share.
The ramp-up of e-commerce efforts including ship-to-home next day, buy online, pick-up in stores and commercial customer ordering are aiding AutoZone's top-line growth. The solid reputation of the Duralast brand, competitive pricing and greater engagement from store-operating teams are supporting its growth.
AutoZone has an Earnings ESP of +2.54%. It has an expected earnings growth rate of 17.3% for the current year (August 2022). The Zacks Consensus Estimate for current-year earnings improved 0.1% over the last 7 days.
AZO recorded earnings surprises in the last four reported quarters, with an average beat of 25.9%. The company is set to release earnings results on May 24, before the opening bell.
DICK'S Sporting Goods has been gaining from continued focus on developing every possible avenue to generate greater sales. As part of its long-term plan, DKS plans to make significant investments in e-commerce, technology, store payroll, Team Sports and private brands. DICK'S Sporting Goods remains on track to build the best omni-channel experience for athletes by strengthening store network and expanding e-commerce presence.
DICK'S Sporting Goods has an Earnings ESP of +2.43%. DKS recorded earnings surprises in the last four reported quarters, with an average beat of 102.5%. The company is set to release earnings results on May 25, before the opening bell.
Ulta Beauty has been benefiting from its omnichannel strength, thanks to efficient store and digital operations. ULTA's skincare category has been gaining on consumers' rising interest toward self-care. Further, management raised its fiscal 2021 guidance.
Ulta Beauty has been seeing market share gains in major beauty categories for a while now, with skincare standing out. Its foremost priority is to strengthen its omnichannel business and explore the potential of both physical and digital facets.
Ulta Beauty has an Earnings ESP of +5.16%. The Zacks Consensus Estimate for current-year earnings improved 0.1% over the last 7 days. ULTA recorded earnings surprises in the last four reported quarters, with an average beat of 67.8%. The company is set to release earnings results on May 26, after the closing bell.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report
Ulta Beauty Inc. (ULTA): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP's efforts to expand and optimize its footprint by opening new stores, widening online presence and strategic collaborations are expected to boost its prospects. Stocks recently featured in the blog include: Advance Auto Parts Inc. AAP, Best Buy Co. Inc. BBY, AutoZone Inc. AZO, DICK'S Sporting Goods Inc. DKS and Ulta Beauty Inc. ULTA. AAP's strong balance sheet and commitment to return shareholder capital are praiseworthy.
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Stocks recently featured in the blog include: Advance Auto Parts Inc. AAP, Best Buy Co. Inc. BBY, AutoZone Inc. AZO, DICK'S Sporting Goods Inc. DKS and Ulta Beauty Inc. ULTA. AAP's efforts to expand and optimize its footprint by opening new stores, widening online presence and strategic collaborations are expected to boost its prospects. AAP's strong balance sheet and commitment to return shareholder capital are praiseworthy.
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Stocks recently featured in the blog include: Advance Auto Parts Inc. AAP, Best Buy Co. Inc. BBY, AutoZone Inc. AZO, DICK'S Sporting Goods Inc. DKS and Ulta Beauty Inc. ULTA. AAP's efforts to expand and optimize its footprint by opening new stores, widening online presence and strategic collaborations are expected to boost its prospects. AAP's strong balance sheet and commitment to return shareholder capital are praiseworthy.
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Stocks recently featured in the blog include: Advance Auto Parts Inc. AAP, Best Buy Co. Inc. BBY, AutoZone Inc. AZO, DICK'S Sporting Goods Inc. DKS and Ulta Beauty Inc. ULTA. AAP's efforts to expand and optimize its footprint by opening new stores, widening online presence and strategic collaborations are expected to boost its prospects. AAP's strong balance sheet and commitment to return shareholder capital are praiseworthy.
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10949.0
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2022-05-23 00:00:00 UTC
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Advance Auto Parts (AAP) Q1 Earnings Top Estimates
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q1-earnings-top-estimates
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nan
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nan
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Advance Auto Parts (AAP) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.53 per share. This compares to earnings of $3.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.13%. A quarter ago, it was expected that this auto parts retailer would post earnings of $1.97 per share when it actually produced earnings of $2.07, delivering a surprise of 5.08%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $3.37 billion for the quarter ended March 2022, missing the Zacks Consensus Estimate by 0.20%. This compares to year-ago revenues of $3.33 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Advance Auto Parts shares have lost about 24.2% since the beginning of the year versus the S&P 500's decline of -18.2%.
What's Next for Advance Auto Parts?
While Advance Auto Parts has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Advance Auto Parts: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.87 on $2.77 billion in revenues for the coming quarter and $13.76 on $11.41 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Wholesale - Parts is currently in the bottom 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
AutoZone (AZO), another stock in the same industry, has yet to report results for the quarter ended May 2022. The results are expected to be released on May 24.
This auto parts retailer is expected to post quarterly earnings of $25.90 per share in its upcoming report, which represents a year-over-year change of -2.2%. The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level.
AutoZone's revenues are expected to be $3.7 billion, up 1.4% from the year-ago quarter.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.53 per share. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts (AAP) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.53 per share. Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $3.37 billion for the quarter ended March 2022, missing the Zacks Consensus Estimate by 0.20%.
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Advance Auto Parts (AAP) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.53 per share. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report A quarter ago, it was expected that this auto parts retailer would post earnings of $1.97 per share when it actually produced earnings of $2.07, delivering a surprise of 5.08%.
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Advance Auto Parts (AAP) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.53 per share. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
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10950.0
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2022-05-23 00:00:00 UTC
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Notable Monday Option Activity: SBUX, AAP, NFLX
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AAP
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-sbux-aap-nflx
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Starbucks Corp. (Symbol: SBUX), where a total volume of 84,833 contracts has been traded thus far today, a contract volume which is representative of approximately 8.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.2% of SBUX's average daily trading volume over the past month, of 13.4 million shares. Especially high volume was seen for the $85 strike call option expiring December 16, 2022, with 46,330 contracts trading so far today, representing approximately 4.6 million underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $85 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 5,613 contracts, representing approximately 561,300 underlying shares or approximately 61.1% of AAP's average daily trading volume over the past month, of 918,600 shares. Particularly high volume was seen for the $100 strike put option expiring June 17, 2022, with 1,005 contracts trading so far today, representing approximately 100,500 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $100 strike highlighted in orange:
And Netflix Inc (Symbol: NFLX) options are showing a volume of 89,175 contracts thus far today. That number of contracts represents approximately 8.9 million underlying shares, working out to a sizeable 58.2% of NFLX's average daily trading volume over the past month, of 15.3 million shares. Particularly high volume was seen for the $215 strike put option expiring June 17, 2022, with 7,451 contracts trading so far today, representing approximately 745,100 underlying shares of NFLX. Below is a chart showing NFLX's trailing twelve month trading history, with the $215 strike highlighted in orange:
For the various different available expirations for SBUX options, AAP options, or NFLX options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $100 strike put option expiring June 17, 2022, with 1,005 contracts trading so far today, representing approximately 100,500 underlying shares of AAP. Below is a chart showing SBUX's trailing twelve month trading history, with the $85 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 5,613 contracts, representing approximately 561,300 underlying shares or approximately 61.1% of AAP's average daily trading volume over the past month, of 918,600 shares. Below is a chart showing AAP's trailing twelve month trading history, with the $100 strike highlighted in orange: And Netflix Inc (Symbol: NFLX) options are showing a volume of 89,175 contracts thus far today.
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Below is a chart showing SBUX's trailing twelve month trading history, with the $85 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 5,613 contracts, representing approximately 561,300 underlying shares or approximately 61.1% of AAP's average daily trading volume over the past month, of 918,600 shares. Below is a chart showing AAP's trailing twelve month trading history, with the $100 strike highlighted in orange: And Netflix Inc (Symbol: NFLX) options are showing a volume of 89,175 contracts thus far today. Particularly high volume was seen for the $100 strike put option expiring June 17, 2022, with 1,005 contracts trading so far today, representing approximately 100,500 underlying shares of AAP.
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Below is a chart showing SBUX's trailing twelve month trading history, with the $85 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 5,613 contracts, representing approximately 561,300 underlying shares or approximately 61.1% of AAP's average daily trading volume over the past month, of 918,600 shares. Particularly high volume was seen for the $100 strike put option expiring June 17, 2022, with 1,005 contracts trading so far today, representing approximately 100,500 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $100 strike highlighted in orange: And Netflix Inc (Symbol: NFLX) options are showing a volume of 89,175 contracts thus far today.
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Below is a chart showing SBUX's trailing twelve month trading history, with the $85 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 5,613 contracts, representing approximately 561,300 underlying shares or approximately 61.1% of AAP's average daily trading volume over the past month, of 918,600 shares. Particularly high volume was seen for the $100 strike put option expiring June 17, 2022, with 1,005 contracts trading so far today, representing approximately 100,500 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $100 strike highlighted in orange: And Netflix Inc (Symbol: NFLX) options are showing a volume of 89,175 contracts thus far today.
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10951.0
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2022-05-23 00:00:00 UTC
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5 Retailers Poised to Beat Earnings Estimates This Week
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AAP
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https://www.nasdaq.com/articles/5-retailers-poised-to-beat-earnings-estimates-this-week
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nan
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nan
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The first-quarter 2022 earnings season will almost come to an end this week. Earnings results are better-than-expected so far. Companies of almost all major sectors have already reported their financial numbers. However, the retail sector is an exception as a slew of retailers will report this week.
In the last couple of weeks, several big U.S. retailers missed earnings estimates and issued disappointing guidance. Mounting inflation has resulted in an unexpected rise in logistics and labor costs. Moreover, a section of Americans is shifting expenditure from discretionary items to necessary goods, especially groceries.
Nevertheless, five big retailers are set to beat on earnings this week, which should drive their stock prices in the near future. These are - Advance Auto Parts Inc. AAP, Best Buy Co. Inc. BBY, AutoZone Inc. AZO, DICK'S Sporting Goods Inc. DKS and Ulta Beauty Inc. ULTA.
Strong First-Quarter Earnings Results So Far
As of May 18, 467 S&P 500 companies reported earnings results. Year over year, the total earnings of these companies are up 9.6% on 13.9% higher revenues. Moreover, 78.4% of these companies beat earnings estimates and 74.7% beat revenue estimates.
For the first quarter, total earnings of the S&P 500 Index are currently expected to be up 9.6% year over year on 13.5% higher revenues. The current estimate witnessed a significant improvement from 4.3% year-over-year earnings on 10% higher revenues estimated at the beginning of the reporting cycle.
Stocks in Focus
Five big retailers will report earnings results this week. Each of these stocks carries a Zacks Rank #3 (Hold) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that for stocks with the combination of a Zacks Rank #3 or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The chart below shows the price performance of five stocks in the last quarter.
Image Source: Zacks Investment Research
Advance Auto Parts provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy-duty truck. AAP’s efforts to expand and optimize its footprint by opening new stores, widening online presence and strategic collaborations are expected to boost its prospects.
The multi-year agreement with Bridgestone for DieHard batteries is set to aid Advance Auto Parts’ top-line growth. AAP’s strong balance sheet and commitment to return shareholder capital are praiseworthy.
Advance Auto Parts has an Earnings ESP of +4.91%. It has an expected earnings growth rate of 14.5% for the current year. The Zacks Consensus Estimate for current-year earnings improved 0.1% over the last 7 days.
AAP recorded earnings surprises in the last four reported quarters, with an average beat of 11.1%. The company is set to release earnings results on May 23, after the closing bell.
Best Buy operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. BBY has been benefiting from its omnichannel capabilities as well as investments in new membership program, technology, advertising and health strategy. These apart, Best Buy’s strong supply-chain expertise, flexible store operating model and the ability to shift quickly to the digital mode constantly support its performance.
Best Buy has an Earnings ESP of +0.43%. It has an expected earnings growth rate of 14.5% for the current year. BBY is set to release earnings results on May 24, before the opening bell.
AutoZone is one of the leading specialty retailers and distributor of automotive replacement parts and accessories in the United States. It operates in the Do-It-Yourself retail, Do-It-for-Me auto parts and products markets. AutoZone's high-quality products, store-expansion initiatives and omni-channel efforts to improve customer shopping experience are boosting its market share.
The ramp-up of e-commerce efforts including ship-to-home next day, buy online, pick-up in stores and commercial customer ordering are aiding AutoZone’s top-line growth. The solid reputation of the Duralast brand, competitive pricing and greater engagement from store-operating teams are supporting its growth.
AutoZone has an Earnings ESP of +2.54%. It has an expected earnings growth rate of 17.3% for the current year (August 2022). The Zacks Consensus Estimate for current-year earnings improved 0.1% over the last 7 days.
AZO recorded earnings surprises in the last four reported quarters, with an average beat of 25.9%. The company is set to release earnings results on May 24, before the opening bell.
DICK'S Sporting Goods has been gaining from continued focus on developing every possible avenue to generate greater sales. As part of its long-term plan, DKS plans to make significant investments in e-commerce, technology, store payroll, Team Sports and private brands. DICK'S Sporting Goods remains on track to build the best omni-channel experience for athletes by strengthening store network and expanding e-commerce presence.
DICK'S Sporting Goods has an Earnings ESP of +2.43%. DKS recorded earnings surprises in the last four reported quarters, with an average beat of 102.5%. The company is set to release earnings results on May 25, before the opening bell.
Ulta Beauty has been benefiting from its omnichannel strength, thanks to efficient store and digital operations. ULTA’s skincare category has been gaining on consumers’ rising interest toward self-care. Further, management raised its fiscal 2021 guidance.
Ulta Beauty has been seeing market share gains in major beauty categories for a while now, with skincare standing out. Its foremost priority is to strengthen its omnichannel business and explore the potential of both physical and digital facets.
Ulta Beauty has an Earnings ESP of +5.16%. The Zacks Consensus Estimate for current-year earnings improved 0.1% over the last 7 days. ULTA recorded earnings surprises in the last four reported quarters, with an average beat of 67.8%. The company is set to release earnings results on May 26, after the closing bell.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report
Ulta Beauty Inc. (ULTA): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP’s efforts to expand and optimize its footprint by opening new stores, widening online presence and strategic collaborations are expected to boost its prospects. These are - Advance Auto Parts Inc. AAP, Best Buy Co. Inc. BBY, AutoZone Inc. AZO, DICK'S Sporting Goods Inc. DKS and Ulta Beauty Inc. ULTA. AAP’s strong balance sheet and commitment to return shareholder capital are praiseworthy.
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These are - Advance Auto Parts Inc. AAP, Best Buy Co. Inc. BBY, AutoZone Inc. AZO, DICK'S Sporting Goods Inc. DKS and Ulta Beauty Inc. ULTA. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AAP’s efforts to expand and optimize its footprint by opening new stores, widening online presence and strategic collaborations are expected to boost its prospects.
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These are - Advance Auto Parts Inc. AAP, Best Buy Co. Inc. BBY, AutoZone Inc. AZO, DICK'S Sporting Goods Inc. DKS and Ulta Beauty Inc. ULTA. AAP’s efforts to expand and optimize its footprint by opening new stores, widening online presence and strategic collaborations are expected to boost its prospects. AAP’s strong balance sheet and commitment to return shareholder capital are praiseworthy.
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These are - Advance Auto Parts Inc. AAP, Best Buy Co. Inc. BBY, AutoZone Inc. AZO, DICK'S Sporting Goods Inc. DKS and Ulta Beauty Inc. ULTA. AAP’s efforts to expand and optimize its footprint by opening new stores, widening online presence and strategic collaborations are expected to boost its prospects. AAP’s strong balance sheet and commitment to return shareholder capital are praiseworthy.
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10952.0
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2022-05-20 00:00:00 UTC
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Friday Sector Laggards: Services, Materials
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AAP
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https://www.nasdaq.com/articles/friday-sector-laggards%3A-services-materials-0
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nan
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nan
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The worst performing sector as of midday Friday is the Services sector, showing a 2.5% loss. Within that group, Ross Stores Inc (Symbol: ROST) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks that are lagging, showing a loss of 24.0% and 8.6%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 3.0% on the day, and down 31.60% year-to-date. Ross Stores Inc, meanwhile, is down 38.06% year-to-date, and Advance Auto Parts Inc, is down 24.69% year-to-date. Combined, ROST and AAP make up approximately 0.9% of the underlying holdings of IYC.
The next worst performing sector is the Materials sector, showing a 2.5% loss. Among large Materials stocks, Mosaic Co (Symbol: MOS) and CF Industries Holdings Inc (Symbol: CF) are the most notable, showing a loss of 7.4% and 6.8%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 2.0% in midday trading, and down 10.26% on a year-to-date basis. Mosaic Co, meanwhile, is up 44.42% year-to-date, and CF Industries Holdings Inc is up 33.14% year-to-date. Combined, MOS and CF make up approximately 4.7% of the underlying holdings of XLB.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, none of the sectors are up on the day, while nine sectors are down.
SECTOR % CHANGE
Utilities -0.8%
Healthcare -1.1%
Energy -1.3%
Financial -1.4%
Consumer Products -1.6%
Industrial -1.9%
Technology & Communications -2.0%
Services -2.5%
Materials -2.5%
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, ROST and AAP make up approximately 0.9% of the underlying holdings of IYC. Within that group, Ross Stores Inc (Symbol: ROST) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks that are lagging, showing a loss of 24.0% and 8.6%, respectively. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday.
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Within that group, Ross Stores Inc (Symbol: ROST) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks that are lagging, showing a loss of 24.0% and 8.6%, respectively. Combined, ROST and AAP make up approximately 0.9% of the underlying holdings of IYC. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 3.0% on the day, and down 31.60% year-to-date.
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Within that group, Ross Stores Inc (Symbol: ROST) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks that are lagging, showing a loss of 24.0% and 8.6%, respectively. Combined, ROST and AAP make up approximately 0.9% of the underlying holdings of IYC. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 3.0% on the day, and down 31.60% year-to-date.
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Within that group, Ross Stores Inc (Symbol: ROST) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks that are lagging, showing a loss of 24.0% and 8.6%, respectively. Combined, ROST and AAP make up approximately 0.9% of the underlying holdings of IYC. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 3.0% on the day, and down 31.60% year-to-date.
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10953.0
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2022-05-20 00:00:00 UTC
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Retail sell-off: discounters, auto stores lead losses
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AAP
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https://www.nasdaq.com/articles/retail-sell-off%3A-discounters-auto-stores-lead-losses
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nan
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nan
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By Sinéad Carew
May 20 (Reuters) - A rout in consumer stocks gained more steam on Friday, as shares of Ross Stores ROST.O led a retreat of other discount stores to cap off a bleak week for retailers.
Ross shares were down 24.4% at $70.06 after falling as low as $69.75 after the discount apparel retailer cut its 2022 same-store-sales estimate to a decline of 2%-4% versus an earlier flat-to-up 3% target.
Dollar General DG.N, which is due to report earnings next week, lost 8.4% after falling 14% in the last three sessions. Dollar Tree DLTR.O fell 7.7%. T.J. Maxx parent co TJX Co TJX.N fell 8.2%.
Among auto retailers, Advance Auto Parts AAP.N was down 9.7% and Autozone AZO.N fell 9.1% with both expected to report quarterly results in the week ahead. Shares in rival O' Reilly Auto ORLY.O were down 5.8%.
While Walmart WMT.N and Target TGT.N earlier this week reported that store traffic was still strong, high inflation ate into their profits. With fuel and freight costs still rising and supply chains still disrupted Mona Mahajan, senior investment strategist at Edward Jones, sees sector-wide repercussions.
"It's hard to see how some of these smaller retailers can withstand the margin pressures if some giants like Walmart and Target haven't been able to," she said.
But generally healthy balance sheets and retail sales data released earlier this week suggest healthy U.S. spending.
"In a recessionary environment you'd see consumers going towards those bargain brands for sure. But we haven't yet seen that," Mahajan said.
The S&P 500 Consumer discretionary sector .SPLRCD was down 3.7% after hitting its lowest point since July 2020, on track for a weekly decline of more than 9%, its seventh in a row and its biggest weekly loss since March 2020.
Target was down 1.1%, tracking a roughly 31% weekly loss. Walmart falling 1.0%, was eying a 20% weekly drop.
Macys M.N was down 9.5% and Kohl's M.N, was down 13.4% and about 19% for the week after its results also disappointed.
(Reporting By Sinéad Carew;Editing by Elaine Hardcastle)
((sinead.carew@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among auto retailers, Advance Auto Parts AAP.N was down 9.7% and Autozone AZO.N fell 9.1% with both expected to report quarterly results in the week ahead. Ross shares were down 24.4% at $70.06 after falling as low as $69.75 after the discount apparel retailer cut its 2022 same-store-sales estimate to a decline of 2%-4% versus an earlier flat-to-up 3% target. While Walmart WMT.N and Target TGT.N earlier this week reported that store traffic was still strong, high inflation ate into their profits.
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Among auto retailers, Advance Auto Parts AAP.N was down 9.7% and Autozone AZO.N fell 9.1% with both expected to report quarterly results in the week ahead. By Sinéad Carew May 20 (Reuters) - A rout in consumer stocks gained more steam on Friday, as shares of Ross Stores ROST.O led a retreat of other discount stores to cap off a bleak week for retailers. While Walmart WMT.N and Target TGT.N earlier this week reported that store traffic was still strong, high inflation ate into their profits.
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Among auto retailers, Advance Auto Parts AAP.N was down 9.7% and Autozone AZO.N fell 9.1% with both expected to report quarterly results in the week ahead. By Sinéad Carew May 20 (Reuters) - A rout in consumer stocks gained more steam on Friday, as shares of Ross Stores ROST.O led a retreat of other discount stores to cap off a bleak week for retailers. The S&P 500 Consumer discretionary sector .SPLRCD was down 3.7% after hitting its lowest point since July 2020, on track for a weekly decline of more than 9%, its seventh in a row and its biggest weekly loss since March 2020.
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Among auto retailers, Advance Auto Parts AAP.N was down 9.7% and Autozone AZO.N fell 9.1% with both expected to report quarterly results in the week ahead. Dollar Tree DLTR.O fell 7.7%. While Walmart WMT.N and Target TGT.N earlier this week reported that store traffic was still strong, high inflation ate into their profits.
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10954.0
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2022-05-20 00:00:00 UTC
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Can AutoZone (AZO) Maintain its Earnings Beat Run in Q3?
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AAP
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https://www.nasdaq.com/articles/can-autozone-azo-maintain-its-earnings-beat-run-in-q3
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nan
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nan
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AutoZone AZO is slated to release third-quarter fiscal 2022 results on May 24, before the closing bell. The Zacks Consensus Estimate for the quarter’s earnings and revenues is pegged at $25.70 per share and $3.70 billion, respectively.
The Zacks Consensus Estimate for fiscal third-quarter earnings per share has moved 8 cents south in the past 30 days. The bottom-line projection indicates a year-over-year drop of 2.95%. The Zacks Consensus Estimate for quarterly revenues implies a 1.4% rise from the prior-year level.
The leading provider of automotive replacement parts posted better-than-anticipated results in the last reported quarter on the back of robust comparable store sales. Over the trailing four quarters, the company surpassed earnings estimates on all occasions, with the average being 26%. This is depicted in the graph below:
AutoZone, Inc. Price and EPS Surprise
AutoZone, Inc. price-eps-surprise | AutoZone, Inc. Quote
What Does Our Model Say?
Our proven model predicts an earnings beat for AutoZone this time around as well. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is the case here.
Earnings ESP: AutoZone has an Earnings ESP of +2.51%. This is because the Most Accurate Estimate is pegged at $26.34 per share, which is 64 cents higher than the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AutoZone carries a Zacks Rank of 3 currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors at Play
AutoZone’s wide-ranging product portfolio, serving both retail DIY (‘Do-It-Yourself) and commercial DIFM (‘Do-It-For-Me) businesses, is likely to have boosted comparable sales growth during the to-be-reported quarter. The company’s digitalization efforts to enhance customers’ shopping experience are also likely to have boosted top-line growth. Ship-to-home next day, buy online and curbside pick-up options are expected to have supported AutoZone’s sales. AZO’s initiatives to enhance in-store systems and website traffic are likely to have impacted the quarterly performance.
On the flip side, the company’s store expansion initiatives are anticipated to have negatively impacted AZO’s bottom line in the fiscal third quarter. While doubling down on expansion with the opening of new distribution centers, mega hubs and stores may have boosted AutoZone’s prospects, it may have strained near-term financials and operating margins. Further, AutoZone’s technology investments to improve the electronic catalog might have limited cash inflows in the to-be-reported quarter.
Earnings Whispers for AZO
AZO’s closest peer Advance Auto Parts AAP is slated to report its first-quarter 2022 results on May 23, after the closing bell. Our model predicts an earnings beat for the company as it has the right combination of a favorable Zacks Rank and positive Earnings ESP. AAP currently carries a Zacks Rank #3 and has an Earnings ESP of +4.89%.
The Zacks Consensus Estimate for AAP’s to-be-reported quarter’s earnings and sales is pegged at $3.50 a share and $3.37 billion, respectively. Over the trailing four quarters, Advance Auto surpassed estimates on all occasions, the average surprise being 11%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings Whispers for AZO AZO’s closest peer Advance Auto Parts AAP is slated to report its first-quarter 2022 results on May 23, after the closing bell. AAP currently carries a Zacks Rank #3 and has an Earnings ESP of +4.89%. The Zacks Consensus Estimate for AAP’s to-be-reported quarter’s earnings and sales is pegged at $3.50 a share and $3.37 billion, respectively.
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The Zacks Consensus Estimate for AAP’s to-be-reported quarter’s earnings and sales is pegged at $3.50 a share and $3.37 billion, respectively. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Earnings Whispers for AZO AZO’s closest peer Advance Auto Parts AAP is slated to report its first-quarter 2022 results on May 23, after the closing bell.
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The Zacks Consensus Estimate for AAP’s to-be-reported quarter’s earnings and sales is pegged at $3.50 a share and $3.37 billion, respectively. Earnings Whispers for AZO AZO’s closest peer Advance Auto Parts AAP is slated to report its first-quarter 2022 results on May 23, after the closing bell. AAP currently carries a Zacks Rank #3 and has an Earnings ESP of +4.89%.
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AAP currently carries a Zacks Rank #3 and has an Earnings ESP of +4.89%. The Zacks Consensus Estimate for AAP’s to-be-reported quarter’s earnings and sales is pegged at $3.50 a share and $3.37 billion, respectively. Earnings Whispers for AZO AZO’s closest peer Advance Auto Parts AAP is slated to report its first-quarter 2022 results on May 23, after the closing bell.
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10955.0
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2022-05-19 00:00:00 UTC
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Advance Auto Parts Q1 Earnings: What to Expect?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q1-earnings%3A-what-to-expect
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nan
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nan
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Supply chain problems and chip shortages continue to impact vehicle production. Also, high inflation is hurting consumer spending. In such a scenario, the demand for auto aftermarket parts providers like Advance Auto Parts (NYSE: AAP) could be strong as people would like to maintain or repair their existing vehicles rather than buy a new one.
However, the recently announced Q1’22 earnings of industry peer O'Reilly Automotive (ORLY) reflected that the auto parts retailers are themselves not immune to high inflation and supply chain disruptions.
AAP is scheduled to announce its Q1’22 results after the market closes on May 23 and host anearnings callon May 24.
The company ended 2021 on a high note by posting better-than-expected Q4’21 results back in February. Q4 sales increased 1.3% to $2.4 billion with comparable store sales growth of 8.2%. The company experienced robust recovery in its professional channel and higher demand in its DIY or “do-it-yourself” business. Excluding the additional week in the prior-year quarter, Q4'21 adjusted EPS grew 35.4% to $2.07.
AAP shares are down 18.5% year-to-date amid broader market sell-off.
Q1 Expectations
Analysts expect AAP’s sales to grow 1.5% year-over-year to $3.38 billion in Q1'22 and adjusted EPS to rise about 7% to $3.58.
Though the company did not provide any specific outlook for Q1, CFO Jeff Shepherd stated on the Q4’21earnings callthat he was “encouraged that through the first four weeks of 2022, our comp sales are running above the top-end of our full year guidance.”
AAP expects full-year 2022 sales in the range of $11.2 billion - $11.5 billion, up from $11 billion in 2021, and comparable store sales growth of 1% - 3%. The company predicts 2022 adjusted EPS of $13.20 - $13.75, compared to $12.02 in 2021.
Wall Street’s Take
Ahead of AAP’s Q1 results, Wells Fargo analyst Zachary Fadem retained his FY22 EPS estimate but lowered FY23 EPS estimate to $15.55 from $16.02. He also cut AAP stock price target to $230 from $245.
Fadem noted that the company’s DIFM [do-it-for-me] read-throughs seem “encouraging” and he observed higher sequential pricing compared to peers in Q1.
However, Fadem believes that AAP is “a margin story, and AAP's ability to reiterate +40-60bps of FY22 EBIT margin expansion will be a key needle-mover, particularly with inflationary pressures unlikely to abate.”
The top-rated analyst stated that his Hold rating for AAP reflected a high bar for FY22 margins, likely revenue underperformance compared to peers AutoZone (AZO), and O'Reilly Automotive, and “historically choppier execution.”
On TipRanks, AAP scores a Moderate Buy consensus rating based on three Buys and three Holds. The average Advance Auto price target of $250.33 implies 28.05% upside potential from levels seen before market open on Thursday.
Conclusion
Advance Auto faces tough comparison to last year’s impressive growth rates. Analysts’ estimates reflect that the company will continue to grow, though at moderate rates. Investors’ focus will be on the company’s Q2'22 update and any potential changes to a full-year outlook amid macro challenges, and supply chain pressures.
It’s worth noting that Advance Auto scores a “Perfect 10” on TipRanks’ Smart Score system, indicating that it is more likely to outperform the market.
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Read full Disclaimer & Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In such a scenario, the demand for auto aftermarket parts providers like Advance Auto Parts (NYSE: AAP) could be strong as people would like to maintain or repair their existing vehicles rather than buy a new one. AAP is scheduled to announce its Q1’22 results after the market closes on May 23 and host anearnings callon May 24. AAP shares are down 18.5% year-to-date amid broader market sell-off.
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Q1 Expectations Analysts expect AAP’s sales to grow 1.5% year-over-year to $3.38 billion in Q1'22 and adjusted EPS to rise about 7% to $3.58. Though the company did not provide any specific outlook for Q1, CFO Jeff Shepherd stated on the Q4’21earnings callthat he was “encouraged that through the first four weeks of 2022, our comp sales are running above the top-end of our full year guidance.” AAP expects full-year 2022 sales in the range of $11.2 billion - $11.5 billion, up from $11 billion in 2021, and comparable store sales growth of 1% - 3%. However, Fadem believes that AAP is “a margin story, and AAP's ability to reiterate +40-60bps of FY22 EBIT margin expansion will be a key needle-mover, particularly with inflationary pressures unlikely to abate.” The top-rated analyst stated that his Hold rating for AAP reflected a high bar for FY22 margins, likely revenue underperformance compared to peers AutoZone (AZO), and O'Reilly Automotive, and “historically choppier execution.” On TipRanks, AAP scores a Moderate Buy consensus rating based on three Buys and three Holds.
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In such a scenario, the demand for auto aftermarket parts providers like Advance Auto Parts (NYSE: AAP) could be strong as people would like to maintain or repair their existing vehicles rather than buy a new one. Though the company did not provide any specific outlook for Q1, CFO Jeff Shepherd stated on the Q4’21earnings callthat he was “encouraged that through the first four weeks of 2022, our comp sales are running above the top-end of our full year guidance.” AAP expects full-year 2022 sales in the range of $11.2 billion - $11.5 billion, up from $11 billion in 2021, and comparable store sales growth of 1% - 3%. However, Fadem believes that AAP is “a margin story, and AAP's ability to reiterate +40-60bps of FY22 EBIT margin expansion will be a key needle-mover, particularly with inflationary pressures unlikely to abate.” The top-rated analyst stated that his Hold rating for AAP reflected a high bar for FY22 margins, likely revenue underperformance compared to peers AutoZone (AZO), and O'Reilly Automotive, and “historically choppier execution.” On TipRanks, AAP scores a Moderate Buy consensus rating based on three Buys and three Holds.
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Q1 Expectations Analysts expect AAP’s sales to grow 1.5% year-over-year to $3.38 billion in Q1'22 and adjusted EPS to rise about 7% to $3.58. In such a scenario, the demand for auto aftermarket parts providers like Advance Auto Parts (NYSE: AAP) could be strong as people would like to maintain or repair their existing vehicles rather than buy a new one. AAP is scheduled to announce its Q1’22 results after the market closes on May 23 and host anearnings callon May 24.
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10956.0
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2022-05-19 00:00:00 UTC
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Factors to Shape Advance Auto Parts (AAP) Q1 Earnings Report
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AAP
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https://www.nasdaq.com/articles/factors-to-shape-advance-auto-parts-aap-q1-earnings-report
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nan
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nan
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Advance Auto Parts, Inc. AAP is slated to announce first-quarter 2022 results on May 23, after the closing bell. The Zacks Consensus Estimate for the quarter’s earnings and revenues is pegged at $3.50 per share and $3.37 billion, respectively.
The Zacks Consensus Estimate for Advance Auto Parts’ first-quarter earnings per share has been revised downward by 3 cents in the past 30 days. The bottom-line projection, however, implies year-over-year growth of 4.8%. The Zacks Consensus Estimate for quarterly revenues suggests a marginal increase of 1.3% on a year-over-year basis.
This aftermarket auto parts distributor delivered better-than-anticipated earnings in the last reported quarter on higher-than-expected comparable store sales growth. Over the trailing four quarters, Advance Auto Parts surpassed estimates on all occasions, with the average surprise being 11%.
Advance Auto Parts, Inc. Price and EPS Surprise
Advance Auto Parts, Inc. price-eps-surprise | Advance Auto Parts, Inc. Quote
What Does Our Model Say?
Our proven model predicts an earnings beat for Advance Auto Parts this time around as well. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This has been elaborated below.
Earnings ESP: Advance Auto Parts has an Earnings ESP of +4.89%. This is because the Most Accurate Estimate is pegged 17 cents higher than the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Advance Auto Parts currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Things to Note
Increasing buyers’ appetite for personal mobility is anticipated to have fueled the demand for automotive replacement parts, accessories, batteries and maintenance items. Advance Auto Parts’ upcoming results are likely to get a boost from the same.
AAP is also likely to have gained from the digital ramp-up and rising e-commerce initiatives. The significant advancement of its DIY omni-channel digital platform and enhancements to the online portal, MyAdvance, are expected to have increased traffic and resulted in higher conversion rates, which are likely to have boosted revenues during the quarter in discussion.
The completion of the rollout of cross-banner replenishment is likely to have delivered savings. The firm’s Warehouse Management Systems and Labor Management System initiatives remained on track and are expected to have driven productivity.
AAP’s first-quarter results are likely to reflect the benefits from its strengthening foothold through the opening of new stores. The Zacks Consensus Estimate for the total number of retail stores at fourth quarter-end is pegged at 5,009, indicating growth from the last quarter and the year-ago quarter’s store count of 4,972 and 4,791, respectively.
The upbeat 2022 sales and profit outlook sparks optimism for the upcoming results. Advance Auto estimates 2022 net sales in the band of $11.2-$11.5 billion, up from 2021 sales of $10.99 billion. Adjusted EPS is forecast between $13.20 and $13.75, up from $12.02 in 2021.
Earnings Whispers for AZO
AAP’s close peer AutoZone AZO is slated to report its third-quarter fiscal 2022 results on May 24, before the opening bell. Our model predicts an earnings beat for the company as it has the right combination of a favorable Zacks Rank and positive Earnings ESP. AZO currently carries a Zacks Rank #3 and has an Earnings ESP of +2.51%.
The Zacks Consensus Estimate for AZO’s to-be-reported quarter’s earnings and sales is pegged at $25.70 a share and $3.70 billion, respectively. Over the trailing four quarters, AutoZone surpassed estimates on all occasions, the average surprise being 26%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP is slated to announce first-quarter 2022 results on May 23, after the closing bell. AAP is also likely to have gained from the digital ramp-up and rising e-commerce initiatives. AAP’s first-quarter results are likely to reflect the benefits from its strengthening foothold through the opening of new stores.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, Inc. AAP is slated to announce first-quarter 2022 results on May 23, after the closing bell. AAP is also likely to have gained from the digital ramp-up and rising e-commerce initiatives.
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Advance Auto Parts, Inc. AAP is slated to announce first-quarter 2022 results on May 23, after the closing bell. AAP is also likely to have gained from the digital ramp-up and rising e-commerce initiatives. AAP’s first-quarter results are likely to reflect the benefits from its strengthening foothold through the opening of new stores.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, Inc. AAP is slated to announce first-quarter 2022 results on May 23, after the closing bell. AAP is also likely to have gained from the digital ramp-up and rising e-commerce initiatives.
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10957.0
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2022-05-17 00:00:00 UTC
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Titan Machinery (TITN) to Post Q1 Earnings: What's in Store?
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AAP
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https://www.nasdaq.com/articles/titan-machinery-titn-to-post-q1-earnings%3A-whats-in-store
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nan
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nan
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Titan Machinery Inc. TITN is scheduled to report first-quarter fiscal 2023 results (ended Apr 30, 2021) before the market opens on May 26.
Q1 Estimates
The Zacks Consensus Estimate for fiscal first-quarter revenues is currently pegged at $406 million, indicating an increase of 9% from the prior-year level. The consensus mark for earnings is pegged at 51 cents per share, suggesting growth of 10.9% from the year-ago level. Earnings estimates have been stable in the past 60 days.
Q4 Results
In the last reported quarter, Titan Machinery’s revenues and earnings per share both improved year on year. While earnings beat the Zacks Consensus Estimate, revenues missed the same.
Titan Machinery surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average surprise being 102.1%.
Titan Machinery Inc. Price, Consensus and EPS Surprise
Titan Machinery Inc. price-consensus-eps-surprise-chart | Titan Machinery Inc. Quote
Factors to Note
Titan Machinery’s fiscal first-quarter results are likely to reflect improved demand in the end markets across segments. The company’s solid inventory position and continued success in reducing operating expenses and lower interest expenses might have helped offset higher input costs and the impact of supply chain headwinds in the quarter.
Solid agriculture market fundamentals — including higher farm income and rising corn, soybean and wheat prices — might have driven Titan Machinery’s Agriculture segment’s fiscal first-quarter performance. Demand for technological advancement of the existing equipment and the need to replace the aged fleet might have contributed to the top line. Strong part and service performance has been driving the segment’s revenues lately.
The Zacks Consensus Estimate for the Agriculture segment’s fiscal first-quarter revenues is pegged at $284 million, suggesting year-over-year growth of 23%.
The Construction segment’s fiscal third-quarter revenues are likely to reflect strong demand for new and used construction equipment, strength in the housing market and improved oil prices. However, lost sales contributions from the Montana and Wyoming divestiture in January 2022 and the North Dakota divestiture in March 2022 are likely to have impacted sales. The consensus mark for the Construction segment’s quarterly revenues is pegged at $55 million, suggesting a decline from the prior-year quarter’s $69 million.
In the International segment, improved farmer sentiment backed by strength in global commodity prices and good crop conditions across its international footprint might have contributed to revenues in the quarter under review. Supply chain issues might have somewhat dented these gains. Also, results in the segment are likely to bear the impact of the Ukraine business disruption. For the International segment, the consensus mark for revenues is pegged at $67 million, suggesting a drop of 11% from the prior-year reported figure of $75 million.
For the to-be-reported quarter, the Zacks Consensus Estimate for operating profit for the Agriculture segment is pegged at $14.3 million, suggesting year-over-year growth of 27% from the prior-year level. The Construction segment is anticipated to report an operating profit of $0.5 million, suggesting a substantial improvement from the $0.14 million in the prior-year quarter. The Zacks Consensus Estimate for the International segment’s operating profit is pegged at $1 million, suggesting a plunge from the year-ago figure of $2.8 million.
What the Zacks Model Indicates
Our proven model does not conclusively predict an earnings beat for Titan Machinery this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here, as you will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Titan Machinery is 0.00%.
Zacks Rank: The company currently carries a Zacks Rank #3.
Price Performance
Titan Machinery’s shares have fallen 7.7% in the past year against the industry’s gain of 2.4%.
Image Source: Zacks Investment Research
Stocks Poised to Beat Estimates
Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat in the to-be-reported quarter:
Costco Wholesale Corporation COST has an Earnings ESP of +1.90% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the company’s revenues of $51.7 billion for the third quarter of fiscal 2022 indicates year-over-year growth of 14.3%.
The Zacks Consensus Estimate for the company’s third-quarter fiscal 2022 earnings is $3.04, suggesting year-over-year growth of 10.6%. COST’s earnings topped the consensus mark in each of the trailing four quarters, the average surprise being 13.3%.
Star Bulk Carriers Corp. SBLK currently has an Earnings ESP of +1.77% and a Zacks Rank of 2. The Zacks Consensus Estimate for Star Bulk Carriers’ first-quarter 2022 earnings is pegged at $1.41 per share, suggesting a 291.6% surge from the year-ago level.
The Zacks Consensus Estimate for its quarterly revenues is pegged at $339 million, suggesting year-over-year growth of 69%.
Advance Auto Parts, Inc. AAP currently has an Earnings ESP of +4.89% and a Zacks Rank #3. The Zacks Consensus Estimate for Advance Auto Parts’ first-quarter 2022 earnings per share is currently pegged at $3.50, indicating 4.8% growth from the prior-year quarter’s tally.
The Zacks Consensus Estimate for AAP’s quarterly revenues is pegged at $3.4 million, which indicates year-over-year growth of 1.3%. The company has a trailing four-quarter earnings surprise of 11%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Costco Wholesale Corporation (COST): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Titan Machinery Inc. (TITN): Free Stock Analysis Report
Star Bulk Carriers Corp. (SBLK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP currently has an Earnings ESP of +4.89% and a Zacks Rank #3. The Zacks Consensus Estimate for AAP’s quarterly revenues is pegged at $3.4 million, which indicates year-over-year growth of 1.3%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. AAP currently has an Earnings ESP of +4.89% and a Zacks Rank #3. The Zacks Consensus Estimate for AAP’s quarterly revenues is pegged at $3.4 million, which indicates year-over-year growth of 1.3%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. AAP currently has an Earnings ESP of +4.89% and a Zacks Rank #3. The Zacks Consensus Estimate for AAP’s quarterly revenues is pegged at $3.4 million, which indicates year-over-year growth of 1.3%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. AAP currently has an Earnings ESP of +4.89% and a Zacks Rank #3. The Zacks Consensus Estimate for AAP’s quarterly revenues is pegged at $3.4 million, which indicates year-over-year growth of 1.3%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10958.0
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2022-05-17 00:00:00 UTC
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What's in Store for Applied Materials (AMAT) in Q2 Earnings?
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AAP
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https://www.nasdaq.com/articles/whats-in-store-for-applied-materials-amat-in-q2-earnings
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Applied Materials, Inc. AMAT is set to report second-quarter fiscal 2022 results on May 19.
For the fiscal second quarter, the company expects net sales of $6.35 billion (+/-$300 million). The Zacks Consensus Estimate for revenues is pegged at $6.35 billion, suggesting growth of 13.8% from the year-ago reported figure.
Applied Materials projects non-GAAP earnings of $1.75-$2.05 per share for the quarter under review. The Zacks Consensus Estimate for earnings is pegged at $1.89, indicating growth of 15.9% from the year-ago reported figure.
AMAT surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters, while meeting the same once, the surprise being 4.52%, on average.
Applied Materials, Inc. Price and EPS Surprise
Applied Materials, Inc. price-eps-surprise | Applied Materials, Inc. Quote
Factors to Consider
Applied Materials’ portfolio strength, expanding position in memory and increasing design wins are expected to have driven the fiscal second-quarter performance.
More clients are expected to have upgraded their equipment, owing to the increasing deployment of 5G in key markets. This, in turn, is expected to have aided AMAT’s top line in the quarter to be reported.
The growing adoption of IoT, AI and Big Data is expected to have contributed to the fiscal second-quarter performance.
Growth opportunities across specialty nodes and new node ramps across foundry, logic, NAND and DRAM are expected to have benefited the company in the to-be-reported quarter. Moreover, inventory reductions across memory and demand elasticity in NAND are anticipated to have acted as tailwinds.
The company is expected to have witnessed solid customer momentum across automotive and advanced packaging, owing to the rising foundry logic spending.
The above-mentioned factors are expected to have driven sales in the Semiconductor Systems Group segment in the to-be-reported quarter. For second-quarter fiscal 2022, the company anticipates Semiconductor Systems revenues of $4.6 billion. The Zacks Consensus Estimate for the same is pegged at $4.61 billion, suggesting growth of 16.1% from the prior-year quarter’s reported figure.
Coming to the Applied Global Services (“AGS”) segment, the company’s new systems added to its installed base are likely to have driven momentum across the subscription part of AGS in the quarter under review.
For second-quarter fiscal 2022, the company anticipates AGS revenues of $1.35 billion. The consensus mark for the same is pegged at $1.35 billion, suggesting year-over-year growth of 12.5%
The company projects Display revenues of $380 million. The Zacks Consensus Estimate for the same is pegged at $384 million, indicating a year-over-year rise of 2.4%.
However, uncertainties related to the ongoing pandemic are likely to have been headwinds for the company in the to-be-reported quarter.
Further, the impacts of mounting expenses are likely to get reflected in the upcoming results.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Applied Materials this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Applied Materials has an Earnings ESP of -5.82% and a Zacks Rank #4.
Stocks to Consider
Here are some stocks that you may consider as our model shows that these have the right combination of elements to beat on earnings this season.
Cisco Systems CSCO has an Earnings ESP of +0.84% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cisco Systems is set to report third-quarter fiscal 2022 results on May 18. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 86 cents per share, indicating an increase of 3.6% from the prior-year period’s reported figure.
BJ’s Wholesale Club BJ has an Earnings ESP of +5.04% and a Zacks Rank of 3 at present.
BJ’s Wholesale Club is scheduled to release first-quarter 2022 results on May 19. The Zacks Consensus Estimate for BJ’s earnings is pegged at 72 cents per share, which suggest no change from the year-ago reported figure.
Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present.
Advanced Auto Parts is scheduled to release first-quarter 2022 results on May 23. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
BJ's Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Materials projects non-GAAP earnings of $1.75-$2.05 per share for the quarter under review. Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure.
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Applied Materials projects non-GAAP earnings of $1.75-$2.05 per share for the quarter under review. Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure.
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The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure. Applied Materials projects non-GAAP earnings of $1.75-$2.05 per share for the quarter under review. Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present.
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Applied Materials projects non-GAAP earnings of $1.75-$2.05 per share for the quarter under review. Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure.
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10959.0
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2022-05-16 00:00:00 UTC
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Advance Auto Parts (AAP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-earnings-expected-to-grow%3A-what-to-know-ahead-of-next-weeks-2
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The market expects Advance Auto Parts (AAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 23. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This auto parts retailer is expected to post quarterly earnings of $3.50 per share in its upcoming report, which represents a year-over-year change of +4.8%.
Revenues are expected to be $3.37 billion, up 1.3% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.03% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Advance Auto Parts?
For Advance Auto Parts, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.89%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Advance Auto Parts will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Advance Auto Parts would post earnings of $1.97 per share when it actually produced earnings of $2.07, delivering a surprise of +5.08%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Advance Auto Parts appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Investor Alert: Legal Marijuana Looking for big gains?
Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0%.
You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers FREE >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The market expects Advance Auto Parts (AAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
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The market expects Advance Auto Parts (AAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
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The market expects Advance Auto Parts (AAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
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The market expects Advance Auto Parts (AAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 23.
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10960.0
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2022-05-16 00:00:00 UTC
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Analog Devices (ADI) to Post Q2 Earnings: What's in the Cards?
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AAP
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https://www.nasdaq.com/articles/analog-devices-adi-to-post-q2-earnings%3A-whats-in-the-cards
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nan
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Analog Devices, Inc. ADI is scheduled to report second-quarter fiscal 2022 results on May 18.
For the fiscal second quarter, ADI expects revenues of $2.80 billion (+/- $100 million). The Zacks Consensus Estimate for the same is pegged at $2.86 billion, indicating an improvement of 72.3% from the year-ago reported figure.
Analog Devices anticipates adjusted earnings per share of $2.07 (+/- $0.10). The consensus mark for the same is pegged at $2.12, indicating a 37.7% rise from the previous-year reported figure.
Earnings of ADI surpassed estimates in all the trailing four quarters, the average being 5.95%.
Analog Devices, Inc. Price and EPS Surprise
Analog Devices, Inc. price-eps-surprise | Analog Devices, Inc. Quote
Factors to Consider
Analog Devices’ fiscal second-quarter performance is likely to have benefited from solid demand for high-performance analog and mixed-signal solutions.
Strength across consumer, industrial and automotive end-markets is expected to have driven the top line of ADI in the to-be-reported quarter.
The solid momentum of Analog Devices’ precision signal chain, RF portfolios, power franchises, sensing technologies, and wired and wireless connectivity among factory automation applications is expected to have contributed well to its industrial revenues in the quarter under review.
The growing traction across BMS and A2B solutions is likely to have driven Analog Devices’ performance in the automotive market in the fiscal second quarter.
The rising uptake of BMS solution in the electric vehicle space is likely to have been a tailwind.
Strength in home entertainment, hearables and wearables is expected to have aided ADI’s performance in the consumer market in the to-be-reported quarter.
Apart from these, the Maxim acquisition, which bolstered Analog Devices’ position in the high-performance semiconductor space, is expected to have contributed well to ADI’s quarterly performance.
The growing deployment of 5G and solid momentum across the HEV platform are expected to have aided the company’s performance in the fiscal second quarter.
However, the weakening momentum across major applications and a leveraged balance sheet are anticipated to have been concerning in the quarter under review. Uncertainties and supply challenges related to the ongoing pandemic are likely to have affected the fiscal second-quarter performance.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Analog Devices this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Analog Devices currently has an Earnings ESP of 0.00% and a Zacks Rank #2 (Buy).
Stocks to Consider
Here are some stocks that you may consider as our model shows that these have the right combination of elements to beat on earnings this season.
Cisco Systems CSCO has an Earnings ESP of +0.84% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cisco Systems is set to report third-quarter fiscal 2022 results on May 18. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 86 cents per share, indicating an increase of 3.6% from the prior-year period’s reported figure.
BJ’s Wholesale Club BJ has an Earnings ESP of +5.04% and a Zacks Rank of 3 at present.
BJ’s Wholesale Club is scheduled to release first-quarter 2022 results on May 19. The Zacks Consensus Estimate for BJ’s earnings is pegged at 72 cents per share, which suggest no change from the year-ago reported figure.
Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present.
Advanced Auto Parts is scheduled to release first-quarter 2022 results on May 23. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Investor Alert: Legal Marijuana Looking for big gains?
Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0%.
You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers FREE >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Analog Devices, Inc. (ADI): Free Stock Analysis Report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
BJ's Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure.
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The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure. Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10961.0
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2022-05-16 00:00:00 UTC
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Deere (DE) to Report Q2 Earnings: What's in the Offing?
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AAP
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https://www.nasdaq.com/articles/deere-de-to-report-q2-earnings%3A-whats-in-the-offing
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Deere & Company DE is scheduled to report second-quarter fiscal 2022 results on May 20, before the opening bell.
Which Way are the Estimates Trending?
The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $6.63 for the fiscal second quarter, suggesting growth of 17% year over year. The Zacks Consensus Estimate for total revenues is pinned at $13.4 billion for the period, calling for a year-over-year improvement of 22%. Earnings estimates for the fiscal second quarter have moved down in the past 30 days.
Q1 Results
In the last reported quarter, Deere’s earnings and sales surpassed the Zacks Consensus Estimates. While the bottom line declined, the top-line figure increased year over year. The company has a trailing four-quarter earnings surprise of 20.6%, on average.
Let’s see how things have shaped up prior to this announcement.
Deere & Company Price and EPS Surprise
Deere & Company price-eps-surprise | Deere & Company Quote
What Does Our Model Indicate?
Our proven model doesn’t conclusively predict an earnings beat for Deere this season. The combination of a positive Earnings ESP, and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Deere is -1.37%.
Zacks Rank: Deere currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Factors to Consider
Higher agricultural commodity prices and pick-up in farm income have prompted farmers to boost spending on new agricultural equipment and replace the age-old ones. The preference for Deere’s products for their advanced technologies and features will likely reflect on fiscal first-quarter revenues. A robust order book driven by strong production and upbeat commodity prices is likely to have contributed to Deere’s performance during the quarter.
Cost management and benefits from footprint assessment are likely to have boosted the company’s margin in the to-be-reported quarter. However, rising raw material and logistics costs and uncertainties related to the COVID-19 pandemic might have affected quarterly performance.
Segment Estimates
The Zacks Consensus Estimate for Production & Precision Agriculture segment’s revenues is pegged at $5,912 million for the fiscal second quarter, suggesting year-over-year increase of 31%. The Zacks Consensus Estimate for the segment’s operating profit is pegged at $1,343 million, up 33% year over year.
Small Agriculture & Turf segment’s Zacks Consensus Estimate for revenues is pegged at $3,916 million for the fiscal second quarter, indicating a 16% growth from the prior-year quarter’s levels. The segment’s operating profit is estimated at $672 million, up 4% year over year.
The Construction & Forestry segment’s sales is estimated at $3,527 million in the fiscal second quarter, up 15% from the prior-year quarter’s levels. The segment’s operating profit is expected to increase 10% to $540 million from the prior-year quarter’s levels. The segment’s sales are expected to have benefited from strong demand for farm and construction equipment, continued strength in the housing market and increased oil and gas sector activity during the fiscal second quarter. Demand for earthmoving and compact construction equipment, particularly in North America, remains strong. Robust lumber demand is anticipated to have aided forestry sales during the quarter under review.
The Zacks Consensus Estimate for the Financial Services segment’s revenues is pegged at $891 million for the fiscal second quarter, up 10% from the year-ago quarter’s tally. The Zacks Consensus Estimate for the segment’s operating profit is pegged at $313 million.
Price Performance
Deere’s shares have declined 4.4% in the past year compared with the industry’s loss of 6.3%.
Image Source: Zacks Investment Research
Stocks Worth a Look
Here are some stocks worth considering as these have the right combination of elements to post an earnings beat this quarter.
Costco Wholesale Corporation COST has an Earnings ESP of +1.90% and a Zacks Rank #2. The Zacks Consensus Estimate for the company’s revenues of $51.7 billion for the third quarter of fiscal 2022 indicates year-over-year growth of 14.3%.
The Zacks Consensus Estimate for the company’s third-quarter fiscal 2022 earnings is currently at $3.04, suggesting year-over-year growth of 10.6%. COST’s earnings topped the consensus mark in each of the trailing four quarters, the average surprise being 13.3%.
Star Bulk Carriers Corp. SBLK currently has an Earnings ESP of +1.77% and a Zacks Rank of 2. The Zacks Consensus Estimate for Star Bulk Carriers’ first-quarter 2022 earnings is pegged at $1.41 per share, suggesting a 291.6% surge from the year-ago quarter’s levels.
The Zacks Consensus Estimate for its quarterly revenues is pegged at $339 million, suggesting year-over-year growth of 69%.
Advance Auto Parts, Inc. AAP currently has an Earnings ESP of +4.89% and a Zacks Rank #3. The Zacks Consensus Estimate for Advance Auto Parts’ first-quarter 2022 earnings per share is currently pegged at $3.50, indicating 4.8% growth from the prior-year quarter’s tally.
The Zacks Consensus Estimate for AAP’s quarterly revenues is pegged at $3.4 million, which indicates year-over-year growth of 1.3%. The company has a trailing four quarters earnings surprise of 11%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Investor Alert: Legal Marijuana Looking for big gains?
Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0%.
You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers FREE >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Costco Wholesale Corporation (COST): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Star Bulk Carriers Corp. (SBLK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP currently has an Earnings ESP of +4.89% and a Zacks Rank #3. The Zacks Consensus Estimate for AAP’s quarterly revenues is pegged at $3.4 million, which indicates year-over-year growth of 1.3%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. AAP currently has an Earnings ESP of +4.89% and a Zacks Rank #3. The Zacks Consensus Estimate for AAP’s quarterly revenues is pegged at $3.4 million, which indicates year-over-year growth of 1.3%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. AAP currently has an Earnings ESP of +4.89% and a Zacks Rank #3. The Zacks Consensus Estimate for AAP’s quarterly revenues is pegged at $3.4 million, which indicates year-over-year growth of 1.3%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. AAP currently has an Earnings ESP of +4.89% and a Zacks Rank #3. The Zacks Consensus Estimate for AAP’s quarterly revenues is pegged at $3.4 million, which indicates year-over-year growth of 1.3%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10962.0
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2022-05-16 00:00:00 UTC
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Sociedad Quimica (SQM) to Post Q1 Earnings: What's in the Cards?
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AAP
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https://www.nasdaq.com/articles/sociedad-quimica-sqm-to-post-q1-earnings%3A-whats-in-the-cards
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Sociedad Quimica y Minera de Chile S.A. SQM will release first-quarter 2022 results after the closing bell on May 18.
The company missed the Zacks Consensus Estimate for earnings in two of the last four quarters while beat once and posted in-line result on the other occasion. It has a trailing four-quarter negative earnings surprise of around 3.5%, on average. It posted a positive earnings surprise of 16.5% in the last reported quarter. The company’s first-quarter results are likely to have benefited from higher demand and prices.
Shares of Sociedad Quimica have gained 78.1% in the past year compared with 52.3% rise of the industry.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do the Estimates Say?
The Zacks Consensus Estimate for first-quarter sales for Sociedad Quimica is currently pegged at $1,284 million, which suggests a rise of around 142.9% year over year.
Some Factors to Watch For
The company is likely to have gained from higher realized prices and strong demand in the quarter to be reported. Higher sales volumes in lithium, specialty plant nutrition, potassium chloride, iodine and potassium businesses are expected to have aided its top line and margins in the quarter.
The expansion of lithium operations is expected to have supported the company’s lithium sales volumes. Strong demand and limited supply are also likely to have boosted lithium prices in the March quarter. Iodine volumes are also expected to have been supported by growing demand following the post-pandemic recovery.
Global potassium prices are also expected to have been driven by the shortage of potassium-based fertilizers. This is likely to have boosted prices in the company’s potassium business lines in the first quarter. Higher demand is likely to have backed the increase in prices of potassium chloride.
Sociedad Quimica y Minera S.A. Price and EPS Surprise
Sociedad Quimica y Minera S.A. price-eps-surprise | Sociedad Quimica y Minera S.A. Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for Sociedad Quimica this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for Sociedad Quimica is 0.00%. The Zacks Consensus Estimate for earnings for the first quarter is currently pegged at $1.23. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Sociedad Quimica currently carries a Zacks Rank #1.
Stocks That Warrant a Look
Here are some companies you may want to consider as our model shows these have the right combination of elements to post an earnings beat this quarter:
Advance Auto Parts, Inc. AAP, slated to release earnings on May 23, has an Earnings ESP of +4.89%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Advance Auto Parts currently carries a Zacks Rank #3. The Zacks Consensus Estimate for AAP’s earnings for the first quarter is pegged at $3.50.
AutoZone, Inc. AZO is scheduled to release earnings on May 24. It has an Earnings ESP of +2.51%.
AutoZone currently carries a Zacks Rank #3. The Zacks Consensus Estimate for AZO’s earnings for the fiscal third quarter is pegged at $25.70.
Costco Wholesale Corporation COST is slated to release earnings on May 26. It has an Earnings ESP of +1.90%.
Costco currently carries a Zacks Rank #2. The Zacks Consensus Estimate for COST’s earnings for the fiscal third quarter is currently pegged at $3.04.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Investor Alert: Legal Marijuana Looking for big gains?
Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0%.
You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers FREE >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Costco Wholesale Corporation (COST): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Sociedad Quimica y Minera S.A. (SQM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP, slated to release earnings on May 23, has an Earnings ESP of +4.89%. The Zacks Consensus Estimate for AAP’s earnings for the first quarter is pegged at $3.50. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, Inc. AAP, slated to release earnings on May 23, has an Earnings ESP of +4.89%. The Zacks Consensus Estimate for AAP’s earnings for the first quarter is pegged at $3.50.
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Advance Auto Parts, Inc. AAP, slated to release earnings on May 23, has an Earnings ESP of +4.89%. The Zacks Consensus Estimate for AAP’s earnings for the first quarter is pegged at $3.50. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. AAP, slated to release earnings on May 23, has an Earnings ESP of +4.89%. The Zacks Consensus Estimate for AAP’s earnings for the first quarter is pegged at $3.50. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10963.0
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2022-05-13 00:00:00 UTC
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JD.com (JD) to Report Q1 Earnings: What's in the Offing?
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AAP
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https://www.nasdaq.com/articles/jd.com-jd-to-report-q1-earnings%3A-whats-in-the-offing
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JD.com, Inc. JD is slated to report first-quarter 2022 results on May 17.
For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $36.5 billion, indicating an improvement of 17.7% from the year-ago quarter’s reported figure.
The consensus mark for earnings is pegged at 34 cents per share, suggesting a 10.5% fall from the prior-year quarter’s reported number.
JD.com surpassed the Zacks Consensus Estimate in all of the trailing four quarters, delivering an earnings surprise of 24.7%, on average.
JD.com, Inc. Price and EPS Surprise
JD.com, Inc. price-eps-surprise | JD.com, Inc. Quote
Factors to Note
The company’s JD Retail segment, comprising the e-commerce business, is expected to have been the key catalyst in the first quarter, courtesy of a strengthening momentum across lower-tier cities.
The growing traction across the supermarket category, especially FMCG and fresh produce, is likely to have contributed well to the company’s first-quarter performance.
Increasing traction among the beauty brands on the back of the rising number of flagship stores of these brands on JD.com is expected to have aided its momentum across customers in the quarter under review.
JD’s strong efforts in offering services at the best prices on the back of its scale and lower procurement costs from suppliers are expected to have benefited its first-quarter performance.
The strengthening of the company’s omnichannel offerings is also expected to get reflected in JD Retail’s revenue results.
JD.com’s intensified focus on ensuring the supply and the distribution of essential products to customers amid the pandemic is anticipated to have significantly aided its quarterly performance.
The solid momentum of JD Health on the heels of robust online pharmacy retail services along with strong logistic support is likely to have aided the company in the to-be-reported quarter.
Strengthening of the JD Logistics business is anticipated to have driven JD.com’s quarterly performance.
However, the company’s mounting fulfillment expenses, including procurement, warehousing, delivery, customer service and payment processing expenses, are likely to have weighed on its first-quarter performance.
Rising marketing and R&D costs are expected to have hindered JD.com’s margin expansion. Further, uncertainties associated with the ongoing pandemic are likely to have been concerning for JD.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for JD.com this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
JD.com has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell), currently.
Stocks to Consider
Here are some stocks that you may consider as our model shows that these have the right combination of elements to beat on earnings this season.
Cisco Systems CSCO has an Earnings ESP of +0.84% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cisco Systems is set to report third-quarter fiscal 2022 results on May 18. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 86 cents per share, indicating an increase of 3.6% from the prior-year period’s reported figure.
BJ’s Wholesale Club BJ has an Earnings ESP of +5.04% and a Zacks Rank of 3 at present.
BJ’s Wholesale Club is scheduled to release first-quarter 2022 results on May 19. The Zacks Consensus Estimate for BJ’s earnings is pegged at 72 cents per share, which is in-line with the year-ago reported figure.
Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present.
Advanced Auto Parts is scheduled to release first-quarter 2022 results on May 23. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
BJ's Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
JD.com, Inc. (JD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure.
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The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure. Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advanced Auto Parts AAP has an Earnings ESP of +4.89% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for AAP’s earnings is pegged at $3.50 per share, indicating an increase of 4.8% from the prior-year period’s reported figure. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10964.0
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2022-05-10 00:00:00 UTC
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Vermilion Energy (VET) to Report Q1 Earnings: What's in Store?
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AAP
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https://www.nasdaq.com/articles/vermilion-energy-vet-to-report-q1-earnings%3A-whats-in-store
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Vermilion Energy Inc. VET is set to report first-quarter 2022 results on May 11, after the closing bell.
In the last reported quarter, the upstream energy company reported earnings of 95 cents per share, beating the Zacks Consensus Estimate of 53 cents. In the trailing two quarters, Vermilion Energy beat the Zacks Consensus Estimate for the bottom line, delivering an earnings surprise of 89.6%, on average. This is depicted in the graph below:
Vermilion Energy Inc. Price, Consensus and EPS Surprise
Vermilion Energy Inc. price-consensus-eps-surprise-chart | Vermilion Energy Inc. Quote
Let’s see how things have shaped up prior to the announcement.
Estimate Trend
The Zacks Consensus Estimate for its first-quarter earnings per share of 84 cents has witnessed no upward and one downward movement in the past 30 days. This suggests year-over-year earnings growth of 863.6%.
Factors to Consider
In the March quarter, crude oil and natural prices increased significantly compared to the prior-year quarter. Healthier commodity prices are likely to have aided Vermilion Energy since the company is a leading upstream energy player with a strong footprint in the prolific resources of North America, Europe and Australia.
Earnings Whispers
Our proven model does not indicate an earnings beat for Vermilion Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. As you can see, that is not the case here.
Earnings ESP: Vermilion Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Vermilion Energy currently carries a Zacks Rank #3.
Stocks That Warrant a Look
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports:
Advance Auto Parts, Inc. AAP has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Advance Auto Parts is scheduled to release first-quarter results on May 23. The Zacks Consensus Estimate for Advance Auto Parts’ quarterly earnings is pegged at $3.50 per share, suggesting an increase of 4.8% from the prior-year reported figure.
Analog Devices, Inc. ADI has an Earnings ESP of +0.60% and is a Zacks #2 Ranked player at present.
Analog Devices is slated to release second-quarter fiscal 2022 results on May 18. The Zacks Consensus Estimate for ADI’s quarterly earnings is pegged at $2.12, suggesting an increase of 37.7% from the prior-year figure.
Ascendis Pharma A/S ASND has an Earnings ESP of +17.62% and flaunts a Zacks Rank #3.
Ascendis Pharma is scheduled to release first-quarter earnings on May 11. The Zacks Consensus Estimate for ASND’s bottom line is pegged at a loss of $2.25 per share, suggesting a decline of 59.6% from the prior-year reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Analog Devices, Inc. (ADI): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Vermilion Energy Inc. (VET): Free Stock Analysis Report
Ascendis Pharma AS (ASND): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports: Advance Auto Parts, Inc. AAP has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report In the trailing two quarters, Vermilion Energy beat the Zacks Consensus Estimate for the bottom line, delivering an earnings surprise of 89.6%, on average.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports: Advance Auto Parts, Inc. AAP has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report In the last reported quarter, the upstream energy company reported earnings of 95 cents per share, beating the Zacks Consensus Estimate of 53 cents.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports: Advance Auto Parts, Inc. AAP has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report In the last reported quarter, the upstream energy company reported earnings of 95 cents per share, beating the Zacks Consensus Estimate of 53 cents.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports: Advance Auto Parts, Inc. AAP has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Earnings ESP: Vermilion Energy has an Earnings ESP of 0.00%.
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10965.0
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2022-05-09 00:00:00 UTC
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After Hours Most Active for May 9, 2022 : INFY, PINS, MGI, BEKE, GOLD, MSFT, QQQ, UPST, IBN, ET, IQ, AAPL
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AAP
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https://www.nasdaq.com/articles/after-hours-most-active-for-may-9-2022-%3A-infy-pins-mgi-beke-gold-msft-qqq-upst-ibn-et-iq
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The NASDAQ 100 After Hours Indicator is up 5.55 to 12,193.27. The total After hours volume is currently 99,417,190 shares traded.
The following are the most active stocks for the after hours session:
Infosys Limited (INFY) is unchanged at $19.82, with 4,771,149 shares traded. As reported by Zacks, the current mean recommendation for INFY is in the "buy range".
Pinterest, Inc. (PINS) is -0.05 at $21.03, with 4,474,528 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $0.06. PINS's current last sale is 66.76% of the target price of $31.5.
Moneygram International, Inc. (MGI) is unchanged at $9.66, with 4,135,169 shares traded. MGI's current last sale is 113.65% of the target price of $8.5.
KE Holdings Inc (BEKE) is -0.02 at $11.35, with 3,877,340 shares traded. BEKE's current last sale is 55.37% of the target price of $20.5.
Barrick Gold Corporation (GOLD) is -0.01 at $21.48, with 3,591,536 shares traded. GOLD's current last sale is 70.66% of the target price of $30.4.
Microsoft Corporation (MSFT) is unchanged at $264.58, with 3,574,157 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $2.33. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +0.63 at $297.78, with 3,261,010 shares traded., following a 52-week high recorded in today's regular session.
Upstart Holdings, Inc. (UPST) is -32.2 at $44.93, with 3,258,683 shares traded. UPST's current last sale is 29.95% of the target price of $150.
ICICI Bank Limited (IBN) is unchanged at $17.98, with 3,185,699 shares traded. As reported by Zacks, the current mean recommendation for IBN is in the "strong buy range".
Energy Transfer L.P. (ET) is -0.02 at $10.81, with 2,512,863 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2022. The consensus EPS forecast is $0.33. As reported by Zacks, the current mean recommendation for ET is in the "buy range".
iQIYI, Inc. (IQ) is +0.02 at $2.88, with 2,484,360 shares traded. IQ's current last sale is 32% of the target price of $9.
Apple Inc. (AAPL) is unchanged at $152.06, with 2,132,417 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023. The consensus EPS forecast is $1.56. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. Apple Inc. (AAPL) is unchanged at $152.06, with 2,132,417 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. Apple Inc. (AAPL) is unchanged at $152.06, with 2,132,417 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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Apple Inc. (AAPL) is unchanged at $152.06, with 2,132,417 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total After hours volume is currently 99,417,190 shares traded.
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Apple Inc. (AAPL) is unchanged at $152.06, with 2,132,417 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The NASDAQ 100 After Hours Indicator is up 5.55 to 12,193.27.
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10966.0
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2022-05-09 00:00:00 UTC
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Ring Energy (REI) to Report Q1 Earnings: What's in Store?
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AAP
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https://www.nasdaq.com/articles/ring-energy-rei-to-report-q1-earnings%3A-whats-in-store
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nan
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nan
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Ring Energy, Inc. REI is set to report first-quarter 2022 results on May 10, after the closing bell.
In the last reported quarter, the upstream energy company reported earnings of 10 cents per share, beating the Zacks Consensus Estimate of 7 cents. In the trailing four quarters, Ring Energy beat the Zacks Consensus Estimate for the bottom line thrice and missed once, delivering an earnings surprise of 19.3%, on average. This is depicted in the graph below:
Ring Energy, Inc. Price, Consensus and EPS Surprise
Ring Energy, Inc. price-consensus-eps-surprise-chart | Ring Energy, Inc. Quote
Let’s see how things have shaped up prior to the announcement.
Estimate Trend
The Zacks Consensus Estimate for its first-quarter earnings per share of 18 cents has witnessed one upward and no downward movement in the past 30 days. This suggests year-over-year earnings growth of 157.1%.
The Zacks Consensus Estimate for its revenues in the March quarter is pegged at $54.1 million, suggesting year-over-year earnings growth of almost 37%.
Factors to Consider
In the March quarter, crude oil and natural prices increased significantly compared to the prior-year quarter. Healthier commodity prices are likely to have aided Ring Energy since the company is a leading upstream energy player with a strong footprint in the prolific Permian Basin.
Earnings Whispers
Our proven model does not indicate an earnings beat for Ring Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. As you can see, that is not the case here.
Earnings ESP: Ring Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Ring Energy currently sports a Zacks Rank #1.
Stocks That Warrant a Look
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports:
Advance Auto Parts, Inc. AAP has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Advance Auto Parts is scheduled to release first-quarter results on May 23. The Zacks Consensus Estimate for Advance Auto Parts’ quarterly earnings is pegged at 3.50 cents per share, suggesting an increase of 4.8% from the prior-year reported figure.
AbCellera ABCL has an Earnings ESP of +20.93% and is a Zacks #2 Ranked player at present.
AbCellera is scheduled to release first-quarter results on May 10. The Zacks Consensus Estimate for ABCL’s quarterly earnings is pegged at 43 cents per share, suggesting an increase of 16.2% from the prior-year figure.
Ascendis Pharma A/S ASND has an Earnings ESP of +17.62% and flaunts a Zacks Rank #3.
Ascendis Pharma is scheduled to release first-quarter earnings on May 11. The Zacks Consensus Estimate for ASND’s bottom line is pegged at a loss of $2.25 per share, suggesting a decline of 59.6% from the prior-year reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Ring Energy, Inc. (REI): Free Stock Analysis Report
Ascendis Pharma AS (ASND): Free Stock Analysis Report
AbCellera Biologics Inc. (ABCL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports: Advance Auto Parts, Inc. AAP has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report In the trailing four quarters, Ring Energy beat the Zacks Consensus Estimate for the bottom line thrice and missed once, delivering an earnings surprise of 19.3%, on average.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports: Advance Auto Parts, Inc. AAP has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report In the last reported quarter, the upstream energy company reported earnings of 10 cents per share, beating the Zacks Consensus Estimate of 7 cents.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports: Advance Auto Parts, Inc. AAP has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report In the last reported quarter, the upstream energy company reported earnings of 10 cents per share, beating the Zacks Consensus Estimate of 7 cents.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports: Advance Auto Parts, Inc. AAP has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Earnings ESP: Ring Energy has an Earnings ESP of 0.00%.
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10967.0
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2022-05-07 00:00:00 UTC
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7 Stocks to Buy to Bet on a Hyper-Aggressive Fed in 2022
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https://www.nasdaq.com/articles/7-stocks-to-buy-to-bet-on-a-hyper-aggressive-fed-in-2022
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Here are seven stocks to buy if you believe the Federal Reserve will continue to aggressively raise interest rates.
Dollar General (DG): The company is expanding its footprint at a time when consumers will be looking to stretch their dollars.
Advance Auto Parts (AAP): With new and used vehicles suffering from lack of supply and high interest rates, demand should remain steady.
Booking Holdings (BKNG): Demand for travel remains high and this company will help consumers find the best deals.
Chevron (CVX): Many oil stocks will continue to benefit from elevated gas prices and this is one of the best-in-class.
Equifax (EFX): As the cost of debt becomes more expensive, consumers will want to be on top of their credit scores.
JPMorgan Chase (JPM): Financial stocks benefit from rising interest rates and this is one of the top names in the sector.
Extra Space Storage (EXR): A different kind of REIT for a different kind of time.
Source: CodedeatH33 / Shutterstock
A few months ago, I wasn’t sure the Federal Reserve (Fed) would raise interest rates. But they issued a 25 basis point increase to the federal funds rate in March. And as I write this, the markets are waiting to see how high the rates will go in May. The expectation is for a 50 basis point hike, but it could be even higher. And because the market is always forward looking, investors wonder what the Fed will do in June and for the rest of the year. They also wonder not if, but when there will be a recession.
But because the markets are forward thinking, you shouldn’t focus on how much the Fed raises interest rates, or when the economy will tip into a recession. Instead, you should focus on where to invest as monetary policy is tightening. That means looking for stocks that will benefit when interest rates rise. One way to do that is to apply a little bit of common sense. Because we’re not just investors, we’re consumers.
7 Restaurant Stocks Ready for a 'Revenge Travel' Rally
Here are seven stocks to buy if you are betting on an aggressive Fed in 2022:
DG Dollar General Corporation $235.30
AAP Advance Auto Parts, Inc. $200.62
BKNG Booking Holdings Inc. $2,208.34
CVX Chevron Corporation $166,58
EFX Equifax Inc. $206.10
JPM JPMorgan Chase & Co. $123.59
EXR Extra Space Storage Inc. $192.02
Stocks to Buy: Dollar General (DG)
Source: Jonathan Weiss / Shutterstock.com
Dollar General (NYSE:DG) grew during the pandemic because of its business model. The company strategically builds its stores, which now total at over 16,000 nationwide, in less densely populated areas. And that’s only one reason why the company makes this list of stocks to buy.
This will also be a benefit to the company at a time of rising interest rates. Two of the biggest areas that consumers feel inflation is in the cost of gas and groceries. And the typical Dollar General customer makes less than $40,000 a year. Even as interest rates rise, inflation will continue to remain at elevated levels and consumers will be looking to stretch their dollars farther. Equally as important, they will be looking for local alternatives that will allow them to save on gas.
When the company last reported earnings, it announced its expectation for net sales growth of 10%, which will increase earnings between 12% and 14%. If the economy becomes worse, you can expect these forecasts to rise.
Advance Auto Parts (AAP)
Source: Ken Wolter / Shutterstock.com
I recently put Advance Auto Parts (NYSE:AAP) on my list of large-cap stocks to buy. The stock makes an encore performance this week for many of the same reasons. While supply chain disruptions continue to limit new car production, the rise in inflation is keeping used car prices high. And now with rising interest rates, it will make it more expensive for lower income individuals to get a loan for a used vehicle.
That means it will continue to be important to keep our current rides in working order. And that is a tailwind for AAP stock. Plus, as Josh Enomoto wrote, auto parts retailers are not immune from supply chain difficulties. I found that out when I had to wait for over a week to perform a relatively simple repair because of a lack of available parts.
7 Safe Stocks to Buy in May 2022
Analysts currently give AAP stock an upside of approximately 30%. Additionally, investors can get an attractive dividend that currently pays 2.89%.
Stocks to Buy: Booking Holdings (BKNG)
Source: Denys Prykhodov / Shutterstock.com
Consumers are beginning to release some of their pent-up yearning for travel. And this means it may be an opportune time to buy Booking Holdings (NASDAQ:BKNG).
Booking Holdings is a parent company for several travel websites. Most notably, the company counts Priceline.com, Booking.com and Kayak.com as part of its family of brands. All of these websites help consumers and businesses find the best deals for their trips.
It is fair to wonder if rising interest rates will tip the economy into a recession. And that may make BKNG stock more of a short-term play. On the other hand, if business travel begins to pick up — and there is some evidence that is beginning to happen — then Booking Holdings may have a longer runway for growth. It currently is given an upside of 27% by analysts tracked by MarketBeat.
Chevron (CVX)
Source: Trong Nguyen / Shutterstock.com
When you’re considering stocks to buy as interest rates climb, you can look at the sectors that are already benefiting. That means focusing on oil stocks, which brings me to Chevron (NYSE:CVX).
CVX stock was soaring toward its all-time high prior to the company’s earnings report in April. However, after the company delivered strong earnings and revenue, the stock pulled back sharply. This may have been profit taking. But if investors are looking for reasons to believe this was just a temporary setback, I would point to record free cash flow, a reduction of debt, and membership in the Dividend Aristocrat club with a solid dividend, which includes 34 consecutive years of dividend increases.
7 Warren Buffett Stocks to Buy in May and Hold for Years
Like many companies in this sector, Chevron is also becoming a player in the renewable energy sector. Specifically, the company is investing in renewable natural gas, renewable diesel and sustainable aviation fuel.
Stocks to Buy: Equifax (EFX)
Source: Shutterstock
With interest rates on the rise, let’s talk about our credit scores. When it comes to stocks to buy, Equifax (NYSE:EFX) looks like a solid option. If you have a high credit score, you may not pay much attention to your score. Similarly, if your credit score is poor, some days, it’s better not to look. But if you’re somewhere in the middle, the next few years will make it critical to be on top of your credit score. A difference in just a few points can cost you or save you hundreds or even thousands of dollars.
Equifax is a credit data and analytics provider and it is one of the three national credit bureaus that act as gatekeepers in deciding whether or not consumers can be approved for a loan. But if the demand for its services argument doesn’t work for you, consider the fact that the company spent over $1.5 billion over the past few years to expand its services. The company projects that this will increase revenue by 10% in the next year.
JPMorgan Chase (JPM)
Source: Roman Tiraspolsky / Shutterstock.com
In thinking about stocks to buy in case of aggressive Fed rate hikes, I could have come up with a list of seven financial stocks. Ever since investors got a whiff of impending interest rate hikes, analysts have encouraged investors to jump on bank stocks. If you didn’t then, you’re getting a second chance now at a significantly lower price. And one of the top names to consider is JPMorgan Chase (NYSE:JPM).
Like many stocks, JPM stock has dropped significantly since the beginning of the year. However, that’s just putting the stock in the buy zone as it’s trading near its 52-week low and gives investors about a 30% upside. Plus, the bank pays a stable dividend that it has increased in each of the last 10 years.
7 Long-Term Stocks to Buy for a Robust Retirement
On the company’s most recentearnings call it tabled some questions until its Investor Day in late May. With JPM’s earnings report already in the books, that will be the next time for investors to get actionable information from the bank.
Stocks to Buy: Extra Space Storage (EXR)
Source: Ken Wolter / Shutterstock.com
Extra Space Storage (NYSE:EXR) is a real estate investment trust (REIT) that focuses on storage units. That gives investors a tactical reason to buy EXR stock. Simply put, as people relocate or downsize, they’re going to need a place to store their stuff.
Additionally, Extra Space Storage is a large company with a market cap of slightly over $27 billion. As Louis Navallier wrote, this makes it a more reliable company in the event that the economy slows down. Furthermore, the company has locked in interest rates on its portfolio of 1,900 storage sites. That means it has cost certainty no matter how high rates go. And it will likely be able to pass along price increases to its customers.
As an REIT, investors know they can count on an attractive dividend, which currently pays $5 annually with a dividend yield of 2.7%.
On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 7 Stocks to Buy to Bet on a Hyper-Aggressive Fed in 2022 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP): With new and used vehicles suffering from lack of supply and high interest rates, demand should remain steady. 7 Restaurant Stocks Ready for a 'Revenge Travel' Rally Here are seven stocks to buy if you are betting on an aggressive Fed in 2022: DG Dollar General Corporation $235.30 AAP Advance Auto Parts, Inc. $200.62 BKNG Booking Holdings Inc. $2,208.34 CVX Chevron Corporation $166,58 EFX Equifax Inc. $206.10 JPM JPMorgan Chase & Co. $123.59 EXR Extra Space Storage Inc. $192.02 Stocks to Buy: Dollar General (DG) Source: Jonathan Weiss / Shutterstock.com Dollar General (NYSE:DG) grew during the pandemic because of its business model. Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com I recently put Advance Auto Parts (NYSE:AAP) on my list of large-cap stocks to buy.
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7 Restaurant Stocks Ready for a 'Revenge Travel' Rally Here are seven stocks to buy if you are betting on an aggressive Fed in 2022: DG Dollar General Corporation $235.30 AAP Advance Auto Parts, Inc. $200.62 BKNG Booking Holdings Inc. $2,208.34 CVX Chevron Corporation $166,58 EFX Equifax Inc. $206.10 JPM JPMorgan Chase & Co. $123.59 EXR Extra Space Storage Inc. $192.02 Stocks to Buy: Dollar General (DG) Source: Jonathan Weiss / Shutterstock.com Dollar General (NYSE:DG) grew during the pandemic because of its business model. Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com I recently put Advance Auto Parts (NYSE:AAP) on my list of large-cap stocks to buy. Advance Auto Parts (AAP): With new and used vehicles suffering from lack of supply and high interest rates, demand should remain steady.
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7 Restaurant Stocks Ready for a 'Revenge Travel' Rally Here are seven stocks to buy if you are betting on an aggressive Fed in 2022: DG Dollar General Corporation $235.30 AAP Advance Auto Parts, Inc. $200.62 BKNG Booking Holdings Inc. $2,208.34 CVX Chevron Corporation $166,58 EFX Equifax Inc. $206.10 JPM JPMorgan Chase & Co. $123.59 EXR Extra Space Storage Inc. $192.02 Stocks to Buy: Dollar General (DG) Source: Jonathan Weiss / Shutterstock.com Dollar General (NYSE:DG) grew during the pandemic because of its business model. Advance Auto Parts (AAP): With new and used vehicles suffering from lack of supply and high interest rates, demand should remain steady. Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com I recently put Advance Auto Parts (NYSE:AAP) on my list of large-cap stocks to buy.
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7 Restaurant Stocks Ready for a 'Revenge Travel' Rally Here are seven stocks to buy if you are betting on an aggressive Fed in 2022: DG Dollar General Corporation $235.30 AAP Advance Auto Parts, Inc. $200.62 BKNG Booking Holdings Inc. $2,208.34 CVX Chevron Corporation $166,58 EFX Equifax Inc. $206.10 JPM JPMorgan Chase & Co. $123.59 EXR Extra Space Storage Inc. $192.02 Stocks to Buy: Dollar General (DG) Source: Jonathan Weiss / Shutterstock.com Dollar General (NYSE:DG) grew during the pandemic because of its business model. Advance Auto Parts (AAP): With new and used vehicles suffering from lack of supply and high interest rates, demand should remain steady. Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com I recently put Advance Auto Parts (NYSE:AAP) on my list of large-cap stocks to buy.
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10968.0
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2022-05-02 00:00:00 UTC
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After Hours Most Active for May 2, 2022 : TPH, PFE, PDBC, BCRX, QQQ, INFY, CDE, XOM, VICI, PYPL, CMCSA, AAPL
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AAP
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https://www.nasdaq.com/articles/after-hours-most-active-for-may-2-2022-%3A-tph-pfe-pdbc-bcrx-qqq-infy-cde-xom-vici-pypl
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The NASDAQ 100 After Hours Indicator is down -7.87 to 13,067.98. The total After hours volume is currently 109,989,574 shares traded.
The following are the most active stocks for the after hours session:
TRI Pointe Homes, Inc. (TPH) is +0.27 at $20.97, with 14,486,299 shares traded. As reported by Zacks, the current mean recommendation for TPH is in the "buy range".
Pfizer, Inc. (PFE) is unchanged at $48.34, with 6,874,940 shares traded.PFE is scheduled to provide an earnings report on 5/3/2022, for the fiscal quarter ending Mar2022. The consensus earnings per share forecast is 1.66 per share, which represents a 93 percent increase over the EPS one Year Ago
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ET (PDBC) is -0.02 at $18.94, with 3,621,576 shares traded. This represents a 43.27% increase from its 52 Week Low.
BioCryst Pharmaceuticals, Inc. (BCRX) is unchanged at $9.60, with 3,496,561 shares traded.BCRX is scheduled to provide an earnings report on 5/5/2022, for the fiscal quarter ending Mar2022. The consensus earnings per share forecast is -0.39 per share, which represents a -36 percent increase over the EPS one Year Ago
Invesco QQQ Trust, Series 1 (QQQ) is -0.74 at $317.74, with 3,323,196 shares traded. This represents a 1.64% increase from its 52 Week Low.
Infosys Limited (INFY) is unchanged at $20.15, with 3,237,072 shares traded. As reported by Zacks, the current mean recommendation for INFY is in the "buy range".
Coeur Mining, Inc. (CDE) is unchanged at $3.61, with 3,214,824 shares traded.CDE is scheduled to provide an earnings report on 5/4/2022, for the fiscal quarter ending Mar2022. The consensus earnings per share forecast is -0.03 per share, which represents a 6 percent increase over the EPS one Year Ago
Exxon Mobil Corporation (XOM) is +0.03 at $86.44, with 3,136,772 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $2.86. XOM's current last sale is 106.72% of the target price of $81.
VICI Properties Inc. (VICI) is unchanged at $29.05, with 3,093,185 shares traded.VICI is scheduled to provide an earnings report on 5/4/2022, for the fiscal quarter ending Mar2022. The consensus earnings per share forecast is 0.44 per share, which represents a 47 percent increase over the EPS one Year Ago
PayPal Holdings, Inc. (PYPL) is -0.28 at $91.25, with 2,915,464 shares traded. As reported by Zacks, the current mean recommendation for PYPL is in the "buy range".
Comcast Corporation (CMCSA) is -0.17 at $40.28, with 2,481,418 shares traded. As reported by Zacks, the current mean recommendation for CMCSA is in the "buy range".
Apple Inc. (AAPL) is -0.44 at $157.52, with 2,286,508 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023. The consensus EPS forecast is $1.53. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. (AAPL) is -0.44 at $157.52, with 2,286,508 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Pfizer, Inc. (PFE) is unchanged at $48.34, with 6,874,940 shares traded.PFE is scheduled to provide an earnings report on 5/3/2022, for the fiscal quarter ending Mar2022.
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Apple Inc. (AAPL) is -0.44 at $157.52, with 2,286,508 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The consensus earnings per share forecast is 1.66 per share, which represents a 93 percent increase over the EPS one Year Ago
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Apple Inc. (AAPL) is -0.44 at $157.52, with 2,286,508 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The consensus earnings per share forecast is 1.66 per share, which represents a 93 percent increase over the EPS one Year Ago
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Apple Inc. (AAPL) is -0.44 at $157.52, with 2,286,508 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The NASDAQ 100 After Hours Indicator is down -7.87 to 13,067.98.
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10969.0
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2022-05-02 00:00:00 UTC
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Will Advance Auto Parts (AAP) Beat Estimates Again in Its Next Earnings Report?
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AAP
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https://www.nasdaq.com/articles/will-advance-auto-parts-aap-beat-estimates-again-in-its-next-earnings-report
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Advance Auto Parts (AAP). This company, which is in the Zacks Automotive - Retail and Wholesale - Parts industry, shows potential for another earnings beat.
This auto parts retailer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.27%.
For the most recent quarter, Advance Auto Parts was expected to post earnings of $1.97 per share, but it reported $2.07 per share instead, representing a surprise of 5.08%. For the previous quarter, the consensus estimate was $2.78 per share, while it actually produced $3.21 per share, a surprise of 15.47%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Advance Auto Parts lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Advance Auto Parts currently has an Earnings ESP of +6.97%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Advance Auto Parts (AAP). Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Advance Auto Parts (AAP). Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Advance Auto Parts (AAP). Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Advance Auto Parts (AAP). Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report For the most recent quarter, Advance Auto Parts was expected to post earnings of $1.97 per share, but it reported $2.07 per share instead, representing a surprise of 5.08%.
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10970.0
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2022-04-29 00:00:00 UTC
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Validea Peter Lynch Strategy Daily Upgrade Report - 4/29/2022
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https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-4-29-2022
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The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Advance Auto Parts, Inc. is an automotive aftermarket parts provider in North America, serving both professional installers (Professional) and do-it-yourself (DIY) customers, as well as independently owned operators. The Company's stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. It operates through five segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. It operates approximately 4,706 total stores and 266 branches primarily under the trade names: Advance Auto Parts, Autopart International, Carquest and Worldpac. The Company offers products under categories, including parts & batteries, accessories & chemicals and engine maintenance.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ADVANCE AUTO PARTS, INC.
Full Guru Analysis for AAP
Full Factor Report for AAP
MERCK & CO., INC. (MRK) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Peter Lynch changed from 72% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Merck & Co., Inc. is a global health care company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through two segments: Pharmaceutical and Animal Health. The Company's Pharmaceutical segment includes human health pharmaceutical and vaccine products. Its human health pharmaceutical products consist of therapeutic and preventive agents, generally sold by prescription, for the treatment of human disorders. The Company sells these human health pharmaceutical products primarily to drug wholesalers and retailers, hospitals, government agencies and managed health care providers such as health maintenance organizations. The Animal Health segment develops, manufactures and markets a range of veterinary pharmaceutical and vaccine products, as well as health management solutions and services, for the prevention, treatment and control of disease in all livestock and companion animal species.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MERCK & CO., INC.
Full Guru Analysis for MRK
Full Factor Report for MRK
More details on Validea's Peter Lynch strategy
Peter Lynch Stock Ideas
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP MERCK & CO., INC. (MRK) is a large-cap growth stock in the Biotechnology & Drugs industry. The Company's stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP MERCK & CO., INC. (MRK) is a large-cap growth stock in the Biotechnology & Drugs industry. ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. The Company's Pharmaceutical segment includes human health pharmaceutical and vaccine products.
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ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP MERCK & CO., INC. (MRK) is a large-cap growth stock in the Biotechnology & Drugs industry. The Company sells these human health pharmaceutical products primarily to drug wholesalers and retailers, hospitals, government agencies and managed health care providers such as health maintenance organizations.
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ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP MERCK & CO., INC. (MRK) is a large-cap growth stock in the Biotechnology & Drugs industry. The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch.
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10971.0
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2022-04-20 00:00:00 UTC
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First Week of AAP December 16th Options Trading
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https://www.nasdaq.com/articles/first-week-of-aap-december-16th-options-trading
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available this week, for the December 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 240 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 16th contracts and identified one put and one call contract of particular interest.
The put contract at the $220.00 strike price has a current bid of $19.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $220.00, but will also collect the premium, putting the cost basis of the shares at $200.70 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $224.93/share today.
Because the $220.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 8.77% return on the cash commitment, or 13.34% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $220.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $230.00 strike price has a current bid of $19.40. If an investor was to purchase shares of AAP stock at the current price level of $224.93/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $230.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.88% if the stock gets called away at the December 16th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $230.00 strike highlighted in red:
Considering the fact that the $230.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 51%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 8.62% boost of extra return to the investor, or 13.11% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 35%, while the implied volatility in the call contract example is 29%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $224.93) to be 25%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $230.00 strike highlighted in red: Considering the fact that the $230.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available this week, for the December 16th expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $230.00 strike highlighted in red: Considering the fact that the $230.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available this week, for the December 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 16th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $230.00 strike highlighted in red: Considering the fact that the $230.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available this week, for the December 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 16th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 16th contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $230.00 strike highlighted in red: Considering the fact that the $230.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available this week, for the December 16th expiration.
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10972.0
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2022-04-20 00:00:00 UTC
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Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
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AAP
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https://www.nasdaq.com/articles/are-you-a-value-investor-this-1-stock-could-be-the-perfect-pick-36
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Advance Auto Parts (AAP)
Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. It is a leading automotive parts provider in North America, serving the “do-it-yourself” or “DIY”, and “do-it-for-me” or “DIFM” (or Commercial) customers.
AAP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 16.17; value investors should take notice.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.13 to $13.78 per share. AAP boasts an average earnings surprise of 11.1%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, AAP should be on investors' short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stock to Watch: Advance Auto Parts (AAP) Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. AAP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. AAP boasts an average earnings surprise of 11.1%.
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Stock to Watch: Advance Auto Parts (AAP) Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. AAP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. AAP boasts an average earnings surprise of 11.1%.
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Stock to Watch: Advance Auto Parts (AAP) Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. AAP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. AAP boasts an average earnings surprise of 11.1%.
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Stock to Watch: Advance Auto Parts (AAP) Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. AAP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. AAP boasts an average earnings surprise of 11.1%.
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10973.0
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2022-04-06 00:00:00 UTC
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Pre-Market Most Active for Apr 6, 2022 : SQQQ, TQQQ, TLRY, TWTR, QQQ, DIDI, CL, NIO, NVDA, DHI, DELL, AAPL
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AAP
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https://www.nasdaq.com/articles/pre-market-most-active-for-apr-6-2022-%3A-sqqq-tqqq-tlry-twtr-qqq-didi-cl-nio-nvda-dhi-dell
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The NASDAQ 100 Pre-Market Indicator is down -236.29 to 14,584.35. The total Pre-Market volume is currently 29,788,601 shares traded.
The following are the most active stocks for the pre-market session:
ProShares UltraPro Short QQQ (SQQQ) is +1.56 at $35.33, with 3,478,365 shares traded. This represents a 25.51% increase from its 52 Week Low.
ProShares UltraPro QQQ (TQQQ) is -2.64 at $54.84, with 2,946,224 shares traded. This represents a 38.62% increase from its 52 Week Low.
Tilray Brands, Inc. (TLRY) is +0.55 at $7.58, with 2,255,376 shares traded. Smarter Analyst Reports: Tilray Acquires Breckenridge Distillery; Shares Gain
Twitter, Inc. (TWTR) is -1.19 at $49.79, with 1,844,459 shares traded. TWTR's current last sale is 84.39% of the target price of $59.
Invesco QQQ Trust, Series 1 (QQQ) is -5.45 at $355.65, with 1,507,847 shares traded. This represents a 12.55% increase from its 52 Week Low.
DiDi Global Inc. (DIDI) is +0.05 at $2.70, with 1,341,483 shares traded. DIDI's current last sale is 17.31% of the target price of $15.6.
Colgate-Palmolive Company (CL) is -0.14 at $77.31, with 1,325,817 shares traded. CL's current last sale is 86.87% of the target price of $89.
NIO Inc. (NIO) is -0.68 at $21.79, with 1,264,502 shares traded. As reported by Zacks, the current mean recommendation for NIO is in the "buy range".
NVIDIA Corporation (NVDA) is -10.3128 at $249.00, with 1,194,663 shares traded. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range".
D.R. Horton, Inc. (DHI) is -0.55 at $73.50, with 1,144,707 shares traded., following a 52-week high recorded in prior regular session.
Dell Technologies Inc. (DELL) is -0.66 at $48.00, with 1,142,512 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range".
Apple Inc. (AAPL) is -2.49 at $172.57, with 974,506 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. (AAPL) is -2.49 at $172.57, with 974,506 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". ProShares UltraPro Short QQQ (SQQQ) is +1.56 at $35.33, with 3,478,365 shares traded.
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Apple Inc. (AAPL) is -2.49 at $172.57, with 974,506 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". As reported by Zacks, the current mean recommendation for NIO is in the "buy range".
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Apple Inc. (AAPL) is -2.49 at $172.57, with 974,506 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total Pre-Market volume is currently 29,788,601 shares traded.
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Apple Inc. (AAPL) is -2.49 at $172.57, with 974,506 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The NASDAQ 100 Pre-Market Indicator is down -236.29 to 14,584.35.
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10974.0
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2022-03-31 00:00:00 UTC
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Why Advance Auto Parts (AAP) is a Top Momentum Stock for the Long-Term
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AAP
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https://www.nasdaq.com/articles/why-advance-auto-parts-aap-is-a-top-momentum-stock-for-the-long-term
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Advance Auto Parts (AAP)
Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. It is a leading automotive parts provider in North America, serving the “do-it-yourself” or “DIY”, and “do-it-for-me” or “DIFM” (or Commercial) customers.
AAP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Retail-Wholesale stock. AAP has a Momentum Style Score of B, and shares are up 1.3% over the past four weeks.
For fiscal 2022, nine analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.38 to $13.69 per share. AAP boasts an average earnings surprise of 11.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, AAP should be on investors' short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stock to Watch: Advance Auto Parts (AAP) Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. AAP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. AAP has a Momentum Style Score of B, and shares are up 1.3% over the past four weeks.
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Stock to Watch: Advance Auto Parts (AAP) Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. AAP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. AAP has a Momentum Style Score of B, and shares are up 1.3% over the past four weeks.
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Stock to Watch: Advance Auto Parts (AAP) Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. AAP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. AAP has a Momentum Style Score of B, and shares are up 1.3% over the past four weeks.
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Stock to Watch: Advance Auto Parts (AAP) Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. AAP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. AAP has a Momentum Style Score of B, and shares are up 1.3% over the past four weeks.
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10975.0
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2022-03-31 00:00:00 UTC
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3 Stocks to Buy During a Recession
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AAP
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https://www.nasdaq.com/articles/3-stocks-to-buy-during-a-recession-1
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nan
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nan
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With some degree of confidence, we can tell what the weather will be today, tomorrow, and even later in the week. But a recession? Projecting when the economy will suffer contraction is a little more challenging. Fortunately for investors, it's not necessary to their success that they predict when a recession comes. Instead, they need to remember Hamlet's wisdom: The readiness is all.
One preparation investors can make for an economic downturn is to fortify their portfolios with resilient stocks that are likely to succeed -- stocks like Advance Auto Parts (NYSE: AAP), Dollar Tree (NASDAQ: DLTR), and Royal Gold (NASDAQ: RGLD).
Image source: Getty Images.
1. Advance Auto Parts
When the economy turns south and a recession emerges, consumers will often change their habits. For some, that means brewing coffee themselves instead of visiting the neighborhood cafe, while others may pinch their purse strings and put a large home purchase on the back-burner. Similarly, many drivers will start taking auto repairs into their own hands, eschewing trips to the local mechanic. Consequently, Advance Auto Parts, a business with more than 4,700 stores throughout the U.S., Canada, and Puerto Rico that provides aftermarket parts to customers, is a worthy consideration.
Don't think Advance Auto Parts can rev up the engines of investors who are looking to buttress their portfolios? Consider the stock's performance during the Great Recession. Throughout this period, December 2007 to June 2009, the S&P 500 sank 38%, while shares of Advance Auto Parts rose 15.4%.
Illustrating how motivated car owners can be to perform their own repairs, revenue rose steadily during the period of the Great Recession; similarly, Advance Auto Parts also reported comparable earnings-per-share growth.
Data by YCharts.
2. Dollar Tree
Another effective way consumers will try to stretch their budgets during a recession is by shopping at discount stores. And when it comes to leading discount stores, Dollar Tree is one of the most recognizable names. Operating more than 15,500 stores in 48 states and five Canadian provinces, Dollar Tree also runs stores under the Family Dollar and Dollar Tree Canada brands. The company plans on expanding its footprint in 2022. In addition to opening 190 Dollar Tree stores and 400 Family Dollar stores, it expects to renovate 800 Family Dollar stores.
Along with opening more locations, Dollar Tree seeks to drive sales growth through an initiative to revise its pricing strategy with the introduction of a $1.25 price point to the majority of Dollar Tree's products. The company implemented it in all Dollar Tree stores in the U.S. two months ahead of schedule. On Dollar Tree's fourth-quarter 2021 earnings conference call, CEO Mike Witynski articulated three benefits to the $1.25 price point, stating that it "enhances our ability to materially expand our assortments, introduce new products and sizes and provide families with more of their daily essentials at a great value."
3. Royal Gold
Lastly, those wary of a recession's onset may want to forego retail stocks and consider a more traditional approach: gold. Long heralded as a safe harbor investment, gold, in the eyes of many conservative investors, represents a solid way to hedge against a weaker dollar.
Instead of rushing to purchase the yellow metal in bullion form, gold bugs would be better served to consider a royalty and streaming company like Royal Gold. Unlike gold mining companies that dig the yellow stuff out of the ground, royalty and streaming companies provide upfront capital to miners, receiving a portion of the mined minerals or the ability to purchase the minerals at a preset price -- often at a discount to the market price. This affords them plenty of reward, but with a lesser degree of risk since they don't incur the risks inherent with operating and developing the mining operations.
Royal Gold has interests in a variety of minerals, but it's gold that represents the company's bread and butter. In 2021, for example, gold accounted for 74% of its revenue. Think Royal Gold's stock is no more advantageous than buying gold coins and bars? Think again.
Over the past 10 years, the price of gold has risen nearly 20%, while Royal Gold's stock has climbed more than twice that.
Data by YCharts.
The recession-ready takeaway
Of course, there's no single solution to girding your portfolio against a recession; ask a bunch of investors what their approaches are and you'll likely hear a bunch of different responses. Advance Auto Parts, Dollar Tree, and Royal Gold all offer compelling approaches to strengthening a portfolio. Currently, however, I'm particular to shares of Advance Auto Parts since they're on the discount rack. Trading at 12.5 times operating cash flow, Advance Auto Parts' stock is changing hands at a discount to its five-year average cash flow multiple of 13.9.
10 stocks we like better than Advance Auto Parts
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Advance Auto Parts wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of March 3, 2022
Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One preparation investors can make for an economic downturn is to fortify their portfolios with resilient stocks that are likely to succeed -- stocks like Advance Auto Parts (NYSE: AAP), Dollar Tree (NASDAQ: DLTR), and Royal Gold (NASDAQ: RGLD). For some, that means brewing coffee themselves instead of visiting the neighborhood cafe, while others may pinch their purse strings and put a large home purchase on the back-burner. Illustrating how motivated car owners can be to perform their own repairs, revenue rose steadily during the period of the Great Recession; similarly, Advance Auto Parts also reported comparable earnings-per-share growth.
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One preparation investors can make for an economic downturn is to fortify their portfolios with resilient stocks that are likely to succeed -- stocks like Advance Auto Parts (NYSE: AAP), Dollar Tree (NASDAQ: DLTR), and Royal Gold (NASDAQ: RGLD). Illustrating how motivated car owners can be to perform their own repairs, revenue rose steadily during the period of the Great Recession; similarly, Advance Auto Parts also reported comparable earnings-per-share growth. Trading at 12.5 times operating cash flow, Advance Auto Parts' stock is changing hands at a discount to its five-year average cash flow multiple of 13.9.
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One preparation investors can make for an economic downturn is to fortify their portfolios with resilient stocks that are likely to succeed -- stocks like Advance Auto Parts (NYSE: AAP), Dollar Tree (NASDAQ: DLTR), and Royal Gold (NASDAQ: RGLD). Operating more than 15,500 stores in 48 states and five Canadian provinces, Dollar Tree also runs stores under the Family Dollar and Dollar Tree Canada brands. Advance Auto Parts, Dollar Tree, and Royal Gold all offer compelling approaches to strengthening a portfolio.
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One preparation investors can make for an economic downturn is to fortify their portfolios with resilient stocks that are likely to succeed -- stocks like Advance Auto Parts (NYSE: AAP), Dollar Tree (NASDAQ: DLTR), and Royal Gold (NASDAQ: RGLD). Royal Gold has interests in a variety of minerals, but it's gold that represents the company's bread and butter. Advance Auto Parts, Dollar Tree, and Royal Gold all offer compelling approaches to strengthening a portfolio.
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10976.0
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2022-03-25 00:00:00 UTC
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We Did The Math IVV Can Go To $523
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AAP
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https://www.nasdaq.com/articles/we-did-the-math-ivv-can-go-to-%24523
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Core S&P 500 ETF (Symbol: IVV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $522.63 per unit.
With IVV trading at a recent price near $452.36 per unit, that means that analysts see 15.53% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IVV's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Dominos Pizza Inc. (Symbol: DPZ), and CDW Corp (Symbol: CDW). Although AAP has traded at a recent price of $214.67/share, the average analyst target is 22.79% higher at $263.58/share. Similarly, DPZ has 22.19% upside from the recent share price of $393.20 if the average analyst target price of $480.45/share is reached, and analysts on average are expecting CDW to reach a target price of $213.50/share, which is 21.42% above the recent price of $175.84. Below is a twelve month price history chart comparing the stock performance of AAP, DPZ, and CDW:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares Core S&P 500 ETF IVV $452.36 $522.63 15.53%
Advance Auto Parts Inc AAP $214.67 $263.58 22.79%
Dominos Pizza Inc. DPZ $393.20 $480.45 22.19%
CDW Corp CDW $175.84 $213.50 21.42%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although AAP has traded at a recent price of $214.67/share, the average analyst target is 22.79% higher at $263.58/share. iShares Core S&P 500 ETF IVV $452.36 $522.63 15.53% Advance Auto Parts Inc AAP $214.67 $263.58 22.79% Dominos Pizza Inc. DPZ $393.20 $480.45 22.19% CDW Corp CDW $175.84 $213.50 21.42% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IVV's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Dominos Pizza Inc. (Symbol: DPZ), and CDW Corp (Symbol: CDW).
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Three of IVV's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Dominos Pizza Inc. (Symbol: DPZ), and CDW Corp (Symbol: CDW). iShares Core S&P 500 ETF IVV $452.36 $522.63 15.53% Advance Auto Parts Inc AAP $214.67 $263.58 22.79% Dominos Pizza Inc. DPZ $393.20 $480.45 22.19% CDW Corp CDW $175.84 $213.50 21.42% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although AAP has traded at a recent price of $214.67/share, the average analyst target is 22.79% higher at $263.58/share.
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Three of IVV's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Dominos Pizza Inc. (Symbol: DPZ), and CDW Corp (Symbol: CDW). Although AAP has traded at a recent price of $214.67/share, the average analyst target is 22.79% higher at $263.58/share. Below is a twelve month price history chart comparing the stock performance of AAP, DPZ, and CDW: Below is a summary table of the current analyst target prices discussed above:
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iShares Core S&P 500 ETF IVV $452.36 $522.63 15.53% Advance Auto Parts Inc AAP $214.67 $263.58 22.79% Dominos Pizza Inc. DPZ $393.20 $480.45 22.19% CDW Corp CDW $175.84 $213.50 21.42% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IVV's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), Dominos Pizza Inc. (Symbol: DPZ), and CDW Corp (Symbol: CDW). Although AAP has traded at a recent price of $214.67/share, the average analyst target is 22.79% higher at $263.58/share.
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10977.0
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2022-03-23 00:00:00 UTC
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AutoZone (AZO) Delights Investors With $2B Buyback Boost
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AAP
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https://www.nasdaq.com/articles/autozone-azo-delights-investors-with-%242b-buyback-boost
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nan
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nan
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Auto parts retailer AutoZone AZO recently increased its share buyback authorization again by $2 billion. Last year, the company authorized an additional buyback of $1.5 billion of its common stock thrice. Since the inception of the buyback program in 1998, AutoZone has authorized $31.2 billion in stock repurchase, including the latest amount.
In fiscal 2021, the firm repurchased $3.4 billion of its outstanding shares. It has bought back close to 90% of its outstanding shares since 1998. AutoZone repurchased $1.6 billion shares in the last reported quarter. At the end of the second quarter of fiscal 2022, AZO had over $958 million remaining under its share repurchase program. The latest buyback boost is in line with AutoZone’s commitment to boost shareholder value. The company’s disciplined capital allocation approach to reinvest in the business as well as engage in meaningful investor-friendly moves is laudable.
The announcement of the repurchase plan follows AZO's better-than-expected second-quarter fiscal 2022 results. The company not only delivered a comprehensive beat but also witnessed a year-over-year surge in sales and profits. Adjusted earnings of $22.30 per share in second-quarter fiscal 2022 rose 49.4% from the prior-year figure and surpassed the Zacks Consensus Estimate of $17.80. Robust comparable sales growth led to this outperformance. Net sales grew 15.8% to $3,369.8 million and beat the Zacks Consensus Estimate of $3,157.1 million.
AutoZone’s revenue growth is impressive, with the company generating record sales for 23 consecutive years. It expects the momentum to sustain through fiscal 2022 on continued strength across its DIY and commercial business, along with the focus on increasing its market penetration via expansion of mega hubs. The ramp-up of e-commerce efforts is also driving traffic to the company’s online site, thereby helping the company to deliver sizzling growth.
Backed by fundamental strength and a commitment to maximizing shareholder value, AutoZone is expected to continue with its efficient capital deployment activities, thereby boosting investors’ confidence. AutoZone — whose peers include Advance Auto Parts AAP and O’Reilly Automotive ORLY — currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investor-Friendly Moves of Peers
Advance Auto: In 2021, Advance Auto returned $1 billion through share repurchases and dividends. Last month, the company boosted its buyback program by $1 billion and hiked its dividend by 50%, supported by balance sheet, solid quarterly results and strong prospects going forward.
Advance Auto estimates 2022 net sales in the band of $11.2-$11.5 billion, up from 2021 sales of $10.99 billion. Adjusted operating income margin is envisioned to be 10-10.2%, up from 9.6% in 2021. Adjusted EPS is forecast between $13.20 and $13.75, up from $12.02 in 2021. AAP currently carries a Zacks Rank of 3.
O’Reilly: In 2021, O’Reilly repurchased 4.5 million shares for $2.48 billion. As of Feb 9, 2022, O’Reilly has around $1.79 billion remaining under its share repurchase authorization program. Strong cash flow generation is supporting the firm’s robust buyback program. O’Reilly’s annualized cash flow growth rate has been 14.7% over the past 3-5 years versus the industry average of 8.5%.
For the current year, O’Reilly now projects total revenues within $14.2-$14.5 billion, up from $13.3 billion generated in 2021. It expects comparable store sales to rise 5-7% in 2022. Earnings per share are envisioned within $32.35-$32.85, representing a 5% year-over-year growth at the mid-point of expectations. The 2022 EPS projection implies a three-year CAGR of 22%. ORLY currently carries a Zacks Rank of 3.
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O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AutoZone — whose peers include Advance Auto Parts AAP and O’Reilly Automotive ORLY — currently carries a Zacks Rank #3 (Hold). AAP currently carries a Zacks Rank of 3. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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AutoZone — whose peers include Advance Auto Parts AAP and O’Reilly Automotive ORLY — currently carries a Zacks Rank #3 (Hold). Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AAP currently carries a Zacks Rank of 3.
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AutoZone — whose peers include Advance Auto Parts AAP and O’Reilly Automotive ORLY — currently carries a Zacks Rank #3 (Hold). AAP currently carries a Zacks Rank of 3. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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AutoZone — whose peers include Advance Auto Parts AAP and O’Reilly Automotive ORLY — currently carries a Zacks Rank #3 (Hold). AAP currently carries a Zacks Rank of 3. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10978.0
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2022-03-16 00:00:00 UTC
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Advance Auto Parts (AAP) Down 8.2% Since Last Earnings Report: Can It Rebound?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-down-8.2-since-last-earnings-report%3A-can-it-rebound
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nan
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nan
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A month has gone by since the last earnings report for Advance Auto Parts (AAP). Shares have lost about 8.2% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Advance Auto Parts due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Advance Auto Parts’ Q4 Show Impresses
Advance Auto Parts reported adjusted earnings of $2.07 per share for fourth-quarter 2021 (ended Jan 1, 2022), increasing 17.6% from the prior-year figure. The reported figure also beat the Zacks Consensus Estimate of $1.97 on higher-than-expected comps growth. For the fourth quarter, comparable store sales witnessed 8.2% growth, outpacing the consensus mark of 4.76%. Advance Auto generated net revenues of $2,397 million, topping the Zacks Consensus Estimate of $2,362 million and edging up 1.3% from the year-ago reported figure.
Adjusted operating income was up 24.8% year over year to $176.8 million. Adjusted selling, general and administrative expenses totaled $946 million for fourth-quarter 2021, up 10% year over year.
Financial Position
Advance Auto had cash and cash equivalents of $601.4 million as of Jan 1, 2022 compared with $835 million on Jan 2, 2021. Total long-term debt was $1,034.3 million as of Jan 1, 2022, slightly up from $1,033 million on Jan 2, 2021. In 2021, AAP generated operating cash flow and FCF of $1.1 billion and $822.6 million, up 14.7% and 17.1%, respectively, on a year-over-year basis.
Dividend & Share Repurchase
On Feb 14, Advance Auto Parts’ board approved a 50% hike in its quarterly cash dividend. The dividend of $1.50 a share would be payable on Apr 1, 2022 to all common shareholders of record as of Mar 18, 2022.
In 2021, AAP — which currently carries a Zacks Rank #3 (Hold) — repurchased around 4.6 million shares for $886.7 million at an average price of $192.92 per share. At the end of fourth-quarter 2021, AAP had $545.5 million remaining under the share-repurchase program. A few days back, AAP authorized a new $1-billion share repurchase program, underpinning its commitment to maximize shareholder value.
Store Update
As of Jan 1, 2022, AAP operated 4,706 stores and 266 Worldpac branches in the United States, Canada, Puerto Rico, and U.S. Virgin Islands. It also served 1,317 independently-owned Carquest-branded stores across these locations, in addition to Mexico and various Caribbean Islands.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in fresh estimates.
The consensus estimate has shifted 5.25% due to these changes.
VGM Scores
At this time, Advance Auto Parts has an average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Advance Auto Parts has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few days back, AAP authorized a new $1-billion share repurchase program, underpinning its commitment to maximize shareholder value. A month has gone by since the last earnings report for Advance Auto Parts (AAP). In 2021, AAP generated operating cash flow and FCF of $1.1 billion and $822.6 million, up 14.7% and 17.1%, respectively, on a year-over-year basis.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report A month has gone by since the last earnings report for Advance Auto Parts (AAP). In 2021, AAP generated operating cash flow and FCF of $1.1 billion and $822.6 million, up 14.7% and 17.1%, respectively, on a year-over-year basis.
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A month has gone by since the last earnings report for Advance Auto Parts (AAP). In 2021, AAP generated operating cash flow and FCF of $1.1 billion and $822.6 million, up 14.7% and 17.1%, respectively, on a year-over-year basis. In 2021, AAP — which currently carries a Zacks Rank #3 (Hold) — repurchased around 4.6 million shares for $886.7 million at an average price of $192.92 per share.
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A month has gone by since the last earnings report for Advance Auto Parts (AAP). In 2021, AAP — which currently carries a Zacks Rank #3 (Hold) — repurchased around 4.6 million shares for $886.7 million at an average price of $192.92 per share. In 2021, AAP generated operating cash flow and FCF of $1.1 billion and $822.6 million, up 14.7% and 17.1%, respectively, on a year-over-year basis.
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10979.0
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2022-03-15 00:00:00 UTC
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Ex-Dividend Reminder: Walmart, Dick's Sporting Goods and Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-walmart-dicks-sporting-goods-and-advance-auto-parts
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 3/17/22, Walmart Inc (Symbol: WMT), Dick's Sporting Goods, Inc (Symbol: DKS), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Walmart Inc will pay its quarterly dividend of $0.56 on 4/4/22, Dick's Sporting Goods, Inc will pay its quarterly dividend of $0.4875 on 3/25/22, and Advance Auto Parts Inc will pay its quarterly dividend of $1.50 on 4/1/22. As a percentage of WMT's recent stock price of $145.14, this dividend works out to approximately 0.39%, so look for shares of Walmart Inc to trade 0.39% lower — all else being equal — when WMT shares open for trading on 3/17/22. Similarly, investors should look for DKS to open 0.45% lower in price and for AAP to open 0.74% lower, all else being equal.
Below are dividend history charts for WMT, DKS, and AAP, showing historical dividends prior to the most recent ones declared.
Walmart Inc (Symbol: WMT):
Dick's Sporting Goods, Inc (Symbol: DKS):
Advance Auto Parts Inc (Symbol: AAP):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.54% for Walmart Inc, 1.81% for Dick's Sporting Goods, Inc, and 2.98% for Advance Auto Parts Inc.
In Tuesday trading, Walmart Inc shares are currently up about 0.8%, Dick's Sporting Goods, Inc shares are up about 1%, and Advance Auto Parts Inc shares are up about 1.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/17/22, Walmart Inc (Symbol: WMT), Dick's Sporting Goods, Inc (Symbol: DKS), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DKS to open 0.45% lower in price and for AAP to open 0.74% lower, all else being equal. Below are dividend history charts for WMT, DKS, and AAP, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/17/22, Walmart Inc (Symbol: WMT), Dick's Sporting Goods, Inc (Symbol: DKS), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Walmart Inc (Symbol: WMT): Dick's Sporting Goods, Inc (Symbol: DKS): Advance Auto Parts Inc (Symbol: AAP): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DKS to open 0.45% lower in price and for AAP to open 0.74% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/17/22, Walmart Inc (Symbol: WMT), Dick's Sporting Goods, Inc (Symbol: DKS), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Walmart Inc (Symbol: WMT): Dick's Sporting Goods, Inc (Symbol: DKS): Advance Auto Parts Inc (Symbol: AAP): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DKS to open 0.45% lower in price and for AAP to open 0.74% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/17/22, Walmart Inc (Symbol: WMT), Dick's Sporting Goods, Inc (Symbol: DKS), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DKS to open 0.45% lower in price and for AAP to open 0.74% lower, all else being equal. Below are dividend history charts for WMT, DKS, and AAP, showing historical dividends prior to the most recent ones declared.
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10980.0
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2022-03-08 00:00:00 UTC
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Why Advance Auto Parts Lost 12% in February
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AAP
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https://www.nasdaq.com/articles/why-advance-auto-parts-lost-12-in-february
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nan
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nan
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What happened
Shares of Advance Auto Parts (NYSE: AAP) were sliding in February after the auto parts retailer reported fourth-quarter earnings and as the broader sell-off in the market over concerns about rising interest rates and the war in Ukraine seemed to weigh on it.
According to data from S&P Global Market Intelligence, the stock finished the month down 12%. As you can see from the chart below, the stock was mostly flat through the first half of the month before sliding in the third week of February after its earnings report came out.
AAP data by YCharts
So what
After a quiet first half of the month, Advance Auto Parts reported solid fourth-quarter results. The company finished with 8.6% revenue growth in the fourth quarter, adjusted for the extra week in 2020, to $2.4 billion with comparable sales up 8.2%. That edged out estimates at $2.37 billion.
Image source: Getty Images.
Profitability also improved as adjusted gross margin increased 145 basis points to 46.8%, an impressive feat during a supply chain crunch. Meanwhile, adjusted operating income increased 25% to $176.8 million, and adjusted earnings per share jumped 36% to $2.07, ahead of estimates at $1.96.
The company also said it would raise its quarterly divided 50% to $1.50 per share, equal to a 3% yield and a sign of confidence in its future. It also increased its share repurchase authorization by $1 billion.
Looking ahead, the company called for more modest growth in 2022, forecasting 1% to 3% comparable sales growth and revenue of $11.2 billion to $11.5 billion, or a 2% to 5% increase, which was ahead of the consensus at $11.17 billion. On the bottom line, it expects adjusted earnings per share of $13.20 to $13.75, or a 10% to 15% increase from 2021.
Investors mostly shrugged off the report, and the stock slipped along with the broader markets on fears of rising interest rates, higher gas prices, and Russia's invasion of Ukraine in the second half of the month.
Now what
For investors looking for a safe stock to help carry them through uncertain times with high inflation, a market pullback, and the war in Ukraine, Advance Auto Parts looks like a great bet. Auto parts companies tend to do well in recessions as drivers opt to repair their current vehicles rather than buy new ones, and the chip shortage has already led to unusually high prices for new and used vehicles, favoring companies like Advance, especially as the average age of a car on the road in the U.S. is already 12 years.
Throw in an appealing valuation and a 3% dividend yield and you have a formula for a stock that looks likely to beat the market this year.
10 stocks we like better than Advance Auto Parts
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Advance Auto Parts wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 3, 2022
Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP data by YCharts So what After a quiet first half of the month, Advance Auto Parts reported solid fourth-quarter results. What happened Shares of Advance Auto Parts (NYSE: AAP) were sliding in February after the auto parts retailer reported fourth-quarter earnings and as the broader sell-off in the market over concerns about rising interest rates and the war in Ukraine seemed to weigh on it. Investors mostly shrugged off the report, and the stock slipped along with the broader markets on fears of rising interest rates, higher gas prices, and Russia's invasion of Ukraine in the second half of the month.
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What happened Shares of Advance Auto Parts (NYSE: AAP) were sliding in February after the auto parts retailer reported fourth-quarter earnings and as the broader sell-off in the market over concerns about rising interest rates and the war in Ukraine seemed to weigh on it. AAP data by YCharts So what After a quiet first half of the month, Advance Auto Parts reported solid fourth-quarter results. The company finished with 8.6% revenue growth in the fourth quarter, adjusted for the extra week in 2020, to $2.4 billion with comparable sales up 8.2%.
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What happened Shares of Advance Auto Parts (NYSE: AAP) were sliding in February after the auto parts retailer reported fourth-quarter earnings and as the broader sell-off in the market over concerns about rising interest rates and the war in Ukraine seemed to weigh on it. AAP data by YCharts So what After a quiet first half of the month, Advance Auto Parts reported solid fourth-quarter results. Looking ahead, the company called for more modest growth in 2022, forecasting 1% to 3% comparable sales growth and revenue of $11.2 billion to $11.5 billion, or a 2% to 5% increase, which was ahead of the consensus at $11.17 billion.
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What happened Shares of Advance Auto Parts (NYSE: AAP) were sliding in February after the auto parts retailer reported fourth-quarter earnings and as the broader sell-off in the market over concerns about rising interest rates and the war in Ukraine seemed to weigh on it. AAP data by YCharts So what After a quiet first half of the month, Advance Auto Parts reported solid fourth-quarter results. Meanwhile, adjusted operating income increased 25% to $176.8 million, and adjusted earnings per share jumped 36% to $2.07, ahead of estimates at $1.96.
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10981.0
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2022-03-07 00:00:00 UTC
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Zacks Industry Outlook Highlights O'Reilly Automotive, AutoZone, CarMax and Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-oreilly-automotive-autozone-carmax-and-advance-auto
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nan
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nan
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For Immediate Release
Chicago, IL – March 7, 2022 – Today, Zacks Equity Research discusses O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP.
Industry: Auto Retail Parts
Link: https://www.zacks.com/commentary/1877372/4-promising-stocks-in-spotlight-from-the-auto-retail-parts-industry
Growing demand for complex-technology embedded cars is providing impetus to the Zacks Automotive- Retail and Wholesale- Parts industry. The introduction of high-tech vehicles has led consumers to take more professional help, opening up more opportunities for the industry. While chip famine may cause near-term obstacles, the overall prospects of the industry participants, including O'Reilly Automotive, AutoZone , CarMax and Advance Auto Parts, hold promise thanks to rapid digitization, aging vehicles and the soaring popularity of electric vehicles.
Industry Overview
The automotive sector’s performance depends on its retail and wholesale network. Through dealership and retail chains, companies in the Zacks Auto Retail and Wholesale industry carry out several tasks. These include the sale of new and used vehicles, light trucks as well as auto parts, execution of repair and maintenance services, along with the arrangement of vehicle financing.
The industry, being consumer cyclical, is dependent on business cycles and economic conditions. Consumers and businesses spend more on big-ticket items when they have higher disposable income. On the contrary, when income is tight, discretionary expenses are the first to be slashed.
Importantly, the coronavirus pandemic has brought considerable changes in the operating environment, with the industry laying more emphasis on e-commerce retailing, and the trend is here to stay.
3 Key Themes
Tech Advancement Creating Opportunities: The industry is undergoing a radical change with evolving customer expectations and technological innovation acting as game changers. An increase in the number of new, complicated and high-tech vehicles has compelled consumers to opt for more professional assistance instead of opting for DIY (“Do It Yourself”).
Widespread usage of technology and rapid digitization are resulting in a fundamental restructuring of the automotive market and auto parts suppliers need to develop a detailed roadmap to make the most of the opportunities in a changing market scenario.
Increasing Longevity of Vehicles Serving as a Catalyst: The increasing average age of vehicles is driving the demand for auto parts. Per IHS Markit, the average age of U.S. vehicles hit a record of 12.1 years in 2021. The aging vehicles are a boon to the retail and wholesale auto parts industry. In a bid to ensure the long-term functioning of the aging vehicle population, customers are making investments to replace faulty vehicle parts and components, thereby boosting sales of retail and wholesale parts.
Chip Shortage Acting as a Spoiler: Shortage of semiconductor supply is hampering the balance between demand and supply and is adversely impacting vehicle production. Several auto companies have been forced to make production cuts, and the situation doesn’t appear to ease out till at least mid-2022. This is limiting the demand for retail and wholesale auto parts.
Also, rising commodity costs, a tough labor market and logistical challenges are acting as headwinds. Consequently, near-term revenues and earnings of industry participants are like to be under pressure.
Zacks Industry Rank Indicates Favorable Prospects
The Zacks Auto Retail & Wholesale Parts industry is a four-stock group within the broader Zacks Auto-Tires-Trucks sector. The industry currently carries a Zacks Industry Rank #115, which places it in the top 46% of around 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates strong near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Since Sep 30, the industry’s earnings estimates for 2022 have increased 9.5%.
Considering the encouraging dynamics of the industry, we will present a few stocks that you may want to consider for your portfolio. But it’s worth taking a look at the industry’s shareholder returns and current valuation first.
Industry Outperforms Sector & S&P 500
The Zacks Auto Retail & Wholesale Parts industry has outperformed the Auto, Tires and Truck sector as well as Zacks S&P 500 composite over the past year. The industry has increased 27.7% over this period compared with the S&P 500’s growth of 16.5%. Meanwhile, the sector has lost 2.7% over the said time frame.
Industry's Current Valuation
Since automotive companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio.
On the basis of trailing 12-month enterprise value to EBITDA (EV/EBITDA), the industry is currently trading at 22.30X compared with the S&P 500’s 14.36X and the sector’s 12.69X.
Over the past five years, the industry has traded as high as 26.5X and as low as 15.87X, with the median being at 22.48X.
Stocks Worth a Look
O’Reilly: O'Reilly is one of the noted retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. O’Reilly has been generating record revenues for 29 consecutive years on the back of growth in the auto parts market. For the current year, O’Reilly projects total revenues within $14.2-$14.5 billion, up from $13.3 billion generated in 2021. Strong cash flow generation is supporting the firm’s robust buyback program, thereby boosting investors’ confidence.
O’Reilly, which currently sports a Zacks Rank #3 (Hold), has a long-term expected EPS growth rate of 13.4%. The Zacks Consensus Estimate for its 2022 earnings and sales indicates a year-over-year uptick of 5.5% and 7.8%, respectively. ORLY has managed to pull off earnings beat in each of the last four quarters, the average surprise being 22.3%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AutoZone: AutoZone is one of the leading specialty retailers and distributors of automotive replacement parts as well as accessories in the United States. AutoZone’s revenue growth is impressive, with the company generating record sales for 23 consecutive years. It expects the momentum to sustain through fiscal 2022 on continued strength across its DIY and commercial business amid the expansion of coverage and parts availability. Focus on increasing its market penetration via expansion of mega hubs is also set to boost long-term prospects.
AutoZone, which currently carries a Zacks Rank #3, has a long-term expected EPS growth rate of 11.3%. The Zacks Consensus Estimate for fiscal 2022 earnings and sales indicates a year-over-year uptick of 14.2% and 6.2%, respectively. Over the trailing four quarters, AZO surpassed earnings estimates on all occasions, the average surprise being 26%.
CarMax: Headquartered in Richmond, VA, CarMax operates as a specialty retailer of used vehicles. CarMax’s omni-channel strategy, with seamless integration of a world-class in-store experience and an online experience, gives the auto retailer the largest addressable market in the used car industry. The acquisition of Edmunds has further strengthened KMX’s position in the used auto ecosystem. Store-expansion initiatives, fast delivery and high-quality products are improving the company’s market share.
CarMax, which currently carries a Zacks Rank #3, has a long-term expected EPS growth rate of 15.9%. The Zacks Consensus Estimate for fiscal 2022 and 2023 sales indicate a year-over-year uptick of 68% and 3%, respectively. Over the trailing four quarters, KMX surpassed earnings estimates in three of the trailing four quarters and missed once, the average surprise being 14.3%.
Advance Auto Parts: Advance Auto operates in the U.S. automotive aftermarket industry and is engaged in selling replacement parts (excluding tires), accessories, batteries as well as maintenance items for vehicles. Advance Auto Parts’ efforts to expand and optimize its footprint by opening new stores, widening its online presence and strategic collaborations are expected to boost prospects. The multi-year agreement with Bridgestone for DieHard batteries is set to aid AAP’s top-line growth. The firm’s strong balance sheet and commitment to return shareholder capital are praiseworthy.
Advance Auto Parts, which currently carries a Zacks Rank #3, has a long-term expected EPS growth rate of 12.7%. The Zacks Consensus Estimate for earnings and sales indicate a year-over-year uptick of 13.5% and 4%, respectively. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 11%.
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Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
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O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
CarMax, Inc. (KMX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – March 7, 2022 – Today, Zacks Equity Research discusses O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP. The multi-year agreement with Bridgestone for DieHard batteries is set to aid AAP’s top-line growth. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 11%.
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For Immediate Release Chicago, IL – March 7, 2022 – Today, Zacks Equity Research discusses O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP. The multi-year agreement with Bridgestone for DieHard batteries is set to aid AAP’s top-line growth. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 11%.
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For Immediate Release Chicago, IL – March 7, 2022 – Today, Zacks Equity Research discusses O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP. The multi-year agreement with Bridgestone for DieHard batteries is set to aid AAP’s top-line growth. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 11%.
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For Immediate Release Chicago, IL – March 7, 2022 – Today, Zacks Equity Research discusses O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP. The multi-year agreement with Bridgestone for DieHard batteries is set to aid AAP’s top-line growth. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 11%.
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10982.0
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2022-03-04 00:00:00 UTC
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4 Promising Stocks in Spotlight From the Auto Retail Parts Industry
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AAP
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https://www.nasdaq.com/articles/4-promising-stocks-in-spotlight-from-the-auto-retail-parts-industry
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nan
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nan
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Growing demand for complex-technology embedded cars is providing impetus to the Zacks Automotive- Retail and Wholesale- Parts industry. The introduction of high-tech vehicles has led consumers to take more professional help, opening up more opportunities for the industry. While chip famine may cause near-term obstacles, the overall prospects of the industry participants, including O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP, hold promise thanks to rapid digitization, aging vehicles and the soaring popularity of electric vehicles.
Industry Overview
The automotive sector’s performance depends on its retail and wholesale network. Through dealership and retail chains, companies in the Zacks Auto Retail and Whole Sales industry carry out several tasks. These include the sale of new and used vehicles, light trucks as well as auto parts, execution of repair and maintenance services, along with the arrangement of vehicle financing. The industry, being consumer cyclical, is dependent on business cycles and economic conditions. Consumers and businesses spend more on big-ticket items when they have higher disposable income. On the contrary, when income is tight, discretionary expenses are the first to be slashed. Importantly, the coronavirus pandemic has brought considerable changes in the operating environment, with the industry laying more emphasis on e-commerce retailing, and the trend is here to stay.
3 Key Themes
Tech Advancement Creating Opportunities: The industry is undergoing a radical change with evolving customer expectations and technological innovation acting as game changers. An increase in the number of new, complicated and high-tech vehicles has compelled consumers to opt for more professional assistance instead of opting for DIY (“Do It Yourself”). Widespread usage of technology and rapid digitization are resulting in a fundamental restructuring of the automotive market and auto parts suppliers need to develop a detailed roadmap to make the most of the opportunities in a changing market scenario.
Increasing Longevity of Vehicles Serving as a Catalyst: The increasing average age of vehicles is driving the demand for auto parts. Per IHS Markit, the average age of U.S. vehicles hit a record of 12.1 years in 2021. The aging vehicles are a boon to the retail and wholesale auto parts industry. In a bid to ensure the long-term functioning of the aging vehicle population, customers are making investments to replace faulty vehicle parts and components, thereby boosting sales of retail and wholesale parts.
Chip Shortage Acting as a Spoiler: Shortage of semiconductor supply is hampering the balance between demand and supply and is adversely impacting vehicle production. Several auto companies have been forced to make production cuts, and the situation doesn’t appear to ease out till at least mid-2022. This is limiting the demand for retail and wholesale auto parts. Also, rising commodity costs, a tough labor market and logistical challenges are acting as headwinds. Consequently, near-term revenues and earnings of industry participants are like to be under pressure.
Zacks Industry Rank Indicates Favorable Prospects
The Zacks Auto Retail & Wholesale Parts industry is a four-stock group within the broader Zacks Auto-Tires-Trucks sector. The industry currently carries a Zacks Industry Rank #115, which places it in the top 46% of around 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates strong near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Since Sep 30, the industry’s earnings estimates for 2022 have increased 9.5%.
Considering the encouraging dynamics of the industry, we will present a few stocks that you may want to consider for your portfolio. But it’s worth taking a look at the industry’s shareholder returns and current valuation first.
Industry Outperforms Sector & S&P 500
The Zacks Auto Retail & Wholesale Parts industry has outperformed the Auto, Tires and Truck sector as well as Zacks S&P 500 composite over the past year. The industry has increased 27.7% over this period compared with the S&P 500’s growth of 16.5%. Meanwhile, the sector has lost 2.7% over the said time frame.
One-Year Price Performance
Industry's Current Valuation
Since automotive companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio.
On the basis of trailing 12-month enterprise value to EBITDA (EV/EBITDA), the industry is currently trading at 22.30X compared with the S&P 500’s 14.36X and the sector’s 12.69X.
Over the past five years, the industry has traded as high as 26.5X and as low as 15.87X, with the median being at 22.48X, as the chart below shows.
EV/EBITDA Ratio (Past 5 Years)
These Stocks are Worth a Look
O’Reilly: O'Reilly is one of the noted retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. O’Reilly has been generating record revenues for 29 consecutive years on the back of growth in the auto parts market. For the current year, O’Reilly projects total revenues within $14.2-$14.5 billion, up from $13.3 billion generated in 2021. Strong cash flow generation is supporting the firm’s robust buyback program, thereby boosting investors’ confidence.
O’Reilly, which currently sports a Zacks Rank #3 (Hold), has a long-term expected EPS growth rate of 13.4%. The Zacks Consensus Estimate for its 2022 earnings and sales indicates a year-over-year uptick of 5.5% and 7.8%, respectively. ORLY has managed to pull off earnings beat in each of the last four quarters, the average surprise being 22.3%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price & Consensus: ORLY
AutoZone: AutoZone is one of the leading specialty retailers and distributors of automotive replacement parts as well as accessories in the United States. AutoZone’s revenue growth is impressive, with the company generating record sales for 23 consecutive years. It expects the momentum to sustain through fiscal 2022 on continued strength across its DIY and commercial business amid the expansion of coverage and parts availability. Focus on increasing its market penetration via expansion of mega hubs is also set to boost long-term prospects.
AutoZone, which currently carries a Zacks Rank #3, has a long-term expected EPS growth rate of 11.3%. The Zacks Consensus Estimate for fiscal 2022 earnings and sales indicates a year-over-year uptick of 14.2% and 6.2%, respectively. Over the trailing four quarters, AZO surpassed earnings estimates on all occasions, the average surprise being 26%.
Price & Consensus: AZO
CarMax: Headquartered in Richmond, VA, CarMax operates as a specialty retailer of used vehicles. CarMax’s omni-channel strategy, with seamless integration of a world-class in-store experience and an online experience, gives the auto retailer the largest addressable market in the used car industry. The acquisition of Edmunds has further strengthened KMX’s position in the used auto ecosystem. Store-expansion initiatives, fast delivery and high-quality products are improving the company’s market share.
CarMax, which currently carries a Zacks Rank #3, has a long-term expected EPS growth rate of 15.9%. The Zacks Consensus Estimate for fiscal 2022 and 2023 sales indicate a year-over-year uptick of 68% and 3%, respectively. Over the trailing four quarters, KMX surpassed earnings estimates in three of the trailing four quarters and missed once, the average surprise being 14.3%.
Price & Consensus: KMX
Advance Auto Parts: Advance Auto operates in the U.S. automotive aftermarket industry and is engaged in selling replacement parts (excluding tires), accessories, batteries as well as maintenance items for vehicles. Advance Auto Parts’ efforts to expand and optimize its footprint by opening new stores, widening its online presence and strategic collaborations are expected to boost prospects. The multi-year agreement with Bridgestone for DieHard batteries is set to aid AAP’s top-line growth. The firm’s strong balance sheet and commitment to return shareholder capital are praiseworthy.
Advance Auto Parts, which currently carries a Zacks Rank #3, has a long-term expected EPS growth rate of 12.7%. The Zacks Consensus Estimate for earnings and sales indicate a year-over-year uptick of 13.5% and 4%, respectively. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 11%.
Price & Consensus: AAP
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
CarMax, Inc. (KMX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While chip famine may cause near-term obstacles, the overall prospects of the industry participants, including O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP, hold promise thanks to rapid digitization, aging vehicles and the soaring popularity of electric vehicles. The multi-year agreement with Bridgestone for DieHard batteries is set to aid AAP’s top-line growth. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 11%.
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While chip famine may cause near-term obstacles, the overall prospects of the industry participants, including O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP, hold promise thanks to rapid digitization, aging vehicles and the soaring popularity of electric vehicles. The multi-year agreement with Bridgestone for DieHard batteries is set to aid AAP’s top-line growth. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 11%.
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While chip famine may cause near-term obstacles, the overall prospects of the industry participants, including O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP, hold promise thanks to rapid digitization, aging vehicles and the soaring popularity of electric vehicles. The multi-year agreement with Bridgestone for DieHard batteries is set to aid AAP’s top-line growth. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 11%.
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While chip famine may cause near-term obstacles, the overall prospects of the industry participants, including O'Reilly Automotive ORLY, AutoZone AZO, CarMax KMX and Advance Auto Parts AAP, hold promise thanks to rapid digitization, aging vehicles and the soaring popularity of electric vehicles. The multi-year agreement with Bridgestone for DieHard batteries is set to aid AAP’s top-line growth. Over the trailing four quarters, AAP surpassed earnings estimates on all occasions, the average surprise being 11%.
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10983.0
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2022-02-28 00:00:00 UTC
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Will Solid Comps Growth Fuel AutoZone's (AZO) Q2 Earnings?
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AAP
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https://www.nasdaq.com/articles/will-solid-comps-growth-fuel-autozones-azo-q2-earnings
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nan
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nan
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AutoZone AZO is slated to release second-quarter fiscal 2022 results on Mar 1, before the closing bell. The Zacks Consensus Estimate for the quarter’s earnings and revenues is pegged at $17.80 per share and $3.16 billion, respectively.
The leading provider of automotive replacement parts posted better-than-anticipated results in the last reported quarter on the back of robust comparable store sales. Over the trailing four quarters, the company surpassed earnings estimates on all occasions, with the average being 23.2%. This is depicted in the graph below:
AutoZone, Inc. Price and EPS Surprise
AutoZone, Inc. price-eps-surprise | AutoZone, Inc. Quote
Trend in Estimate Revision
The Zacks Consensus Estimate for fiscal second-quarter earnings per share has moved 1 cent north in the past 30 days. The bottom-line projection indicates a year-over-year improvement of 19.2%. The Zacks Consensus Estimate for quarterly revenues implies an 8.5% rise from the prior-year level.
Factors at Play
AutoZone’s wide-ranging product portfolio serving both retail DIY (‘Do-It-Yourself) and commercial DIFM (‘Do-It-For-Me) businesses is likely to have boosted comparable sales growth during the to-be-reported quarter. The company’s digitalization efforts to enhance customers’ shopping experience are also likely to have boosted top-line growth. Ship-to-home next day, buy online and curbside pick-up options are expected to have supported AutoZone’s sales. AZO’s initiatives to enhance in-store systems and website traffic are likely to reflect on the quarterly performance.
On the flip side, the company’s store expansion initiatives are anticipated to have negatively impacted AZO’s bottom line in the fiscal second quarter. While double down on expansion with the opening of new distribution centers, mega hubs and stores should have boosted AutoZone’s prospects, it may have strained near-term financials and operating margins. Further, AutoZone’s technology investments to improve the electronic catalog might have limited cash inflows in the to-be-reported quarter.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for AutoZone this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.
Earnings ESP: AutoZone has an Earnings ESP of -1.19%. This is because the Most Accurate Estimate is pegged at $17.59 per share, which is 21 cents lower than the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AutoZone carries a Zacks Rank of 3 currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings Snapshots of Peers
O’Reilly Automotive ORLY reported fourth-quarter 2021 results on Feb 9. It posted adjusted earnings per share of $7.64, surpassing the Zacks Consensus Estimate of $6, led by growth in comparable-store sales. The bottom line also increased from $5.40 a share recorded in the prior-year quarter. Quarterly revenues of $3,291.5 million surpassed the consensus mark of $3,066.7 million and rose 16.4% from the prior-year figure.
ORLY projects total revenues within $14.2-$14.5 billion. Earnings per share are envisioned in the band of $32.35-$32.85. It forecasts comparable store sales growth within 5-7%. It envisions free cash flow in the band of $1.3-$1.6 billion and capital expenditure within $650-$750 million.
Advance Auto Parts AAP reported fourth-quarter 2021 results on Feb 14. It posted adjusted earnings of $2.07 per share, increasing 17.6% from the prior-year figure and topping the Zacks Consensus Estimate of $1.97 on higher-than-expected comps growth. Advance Auto generated net revenues of $2,397 million, topping the Zacks Consensus Estimate of $2,362 million and edging up 1.3% from the year-ago reported figure.
Advance Auto estimates 2022 net sales in the band of $11.2-$11.5 billion. Comparable store sales growth and adjusted operating income margin are envisioned in the range of 1-3% and 10-10.2%, respectively. Advance Auto expects capex in the $300-$350 million range and targets free cash flow of a minimum of $775 million. AAP also approved a 50% hike in its quarterly cash dividend.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts AAP reported fourth-quarter 2021 results on Feb 14. AAP also approved a 50% hike in its quarterly cash dividend. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts AAP reported fourth-quarter 2021 results on Feb 14. AAP also approved a 50% hike in its quarterly cash dividend.
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Advance Auto Parts AAP reported fourth-quarter 2021 results on Feb 14. AAP also approved a 50% hike in its quarterly cash dividend. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts AAP reported fourth-quarter 2021 results on Feb 14. AAP also approved a 50% hike in its quarterly cash dividend. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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10984.0
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2022-02-28 00:00:00 UTC
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Pre-Market Most Active for Feb 28, 2022 : TQQQ, SQQQ, QQQ, UBS, BP, AUPH, FHN, AEG, NIO, PLTR, YNDX, AAPL
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AAP
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https://www.nasdaq.com/articles/pre-market-most-active-for-feb-28-2022-%3A-tqqq-sqqq-qqq-ubs-bp-auph-fhn-aeg-nio-pltr-yndx
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is to 14,009.1. The total Pre-Market volume is currently 23,242,907 shares traded.
The following are the most active stocks for the pre-market session:
ProShares UltraPro QQQ (TQQQ) is -1.91 at $50.00, with 2,958,852 shares traded. This represents a 33.28% increase from its 52 Week Low.
ProShares UltraPro Short QQQ (SQQQ) is +1.55 at $42.72, with 2,658,010 shares traded. This represents a 51.76% increase from its 52 Week Low.
Invesco QQQ Trust, Series 1 (QQQ) is -4.23 at $341.54, with 1,931,418 shares traded. This represents a 14.82% increase from its 52 Week Low.
UBS AG (UBS) is -0.74 at $18.11, with 1,867,956 shares traded. As reported by Zacks, the current mean recommendation for UBS is in the "buy range".
BP p.l.c. (BP) is -2.44 at $28.29, with 1,181,887 shares traded. BP's current last sale is 88.41% of the target price of $32.
Aurinia Pharmaceuticals Inc (AUPH) is -3.24 at $13.00, with 1,039,570 shares traded. As reported by Zacks, the current mean recommendation for AUPH is in the "buy range".
First Horizon Corporation (FHN) is +5.95 at $24.20, with 1,035,283 shares traded. As reported by Zacks, the current mean recommendation for FHN is in the "buy range".
Aegon NV (AEG) is -0.28 at $4.89, with 1,031,589 shares traded.AEG is scheduled to provide an earnings report on 3/3/2022, for the fiscal quarter ending Dec2021. The consensus earnings per share forecast is 0.2 per share, which represents a 99,900 percent increase over the EPS one Year Ago
NIO Inc. (NIO) is +0.14 at $21.08, with 1,024,844 shares traded.NIO is scheduled to provide an earnings report on 3/7/2022, for the fiscal quarter ending Dec2021.
Palantir Technologies Inc. (PLTR) is +0.25 at $11.72, with 921,164 shares traded. PLTR's current last sale is 66.97% of the target price of $17.5.
Yandex N.V. (YNDX) is -4.04 at $14.90, with 820,846 shares traded. YNDX's current last sale is 18.86% of the target price of $79.
Apple Inc. (AAPL) is -1.8 at $163.05, with 758,403 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $1.43. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. (AAPL) is -1.8 at $163.05, with 758,403 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". ProShares UltraPro Short QQQ (SQQQ) is +1.55 at $42.72, with 2,658,010 shares traded.
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Apple Inc. (AAPL) is -1.8 at $163.05, with 758,403 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Aegon NV (AEG) is -0.28 at $4.89, with 1,031,589 shares traded.AEG is scheduled to provide an earnings report on 3/3/2022, for the fiscal quarter ending Dec2021.
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Apple Inc. (AAPL) is -1.8 at $163.05, with 758,403 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total Pre-Market volume is currently 23,242,907 shares traded.
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Apple Inc. (AAPL) is -1.8 at $163.05, with 758,403 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The NASDAQ 100 Pre-Market Indicator is to 14,009.1.
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10985.0
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2022-02-23 00:00:00 UTC
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Validea James P. O'Shaughnessy Strategy Daily Upgrade Report - 2/23/2022
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AAP
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https://www.nasdaq.com/articles/validea-james-p.-oshaughnessy-strategy-daily-upgrade-report-2-23-2022
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nan
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nan
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The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. This two strategy approach offers a large-cap value model and a growth approach that looks for persistent earnings growth and strong relative strength.
TRAVELERS COMPANIES INC (TRV) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 50% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Travelers Companies, Inc. is a holding company principally engaged, through its subsidiaries, in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. The Company's segments include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a range of property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world. The Bond & Specialty Insurance segment provides surety, fidelity, management liability, professional liability, and other property and casualty coverages and related risk management services to its customers in the United States. The Personal Insurance segment writes a range of property and casualty insurance covering individuals' personal risks.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS PER SHARE PERSISTENCE: PASS
PRICE/SALES RATIO: PASS
RELATIVE STRENGTH: PASS
Detailed Analysis of TRAVELERS COMPANIES INC
Full Guru Analysis for TRV
Full Factor Report for TRV
BANCO MACRO SA (ADR) (BMA) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 75% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Banco Macro SA is an Argentina-based public company that offers traditional banking products and services to companies, including those operating in regional economies, and individuals, thus strengthening its goal to operate as a multiservice bank. Through other companies in the group, the Company also renders services as trustee agent and director and manager of mutual funds, as well as stock exchange services. The Company began the process of acquiring entities, assets and liabilities as part of the privatization of provincial banks and other banking institutions. The Company and Worldline Argentina SA entered into a joint venture agreement with Siemens Itron Business Servicies SA, to be jointly controlled by both companies, for the purpose of facilitating the development of a tax management data processing center, modernizing the existing tax collection systems and processes used by the Province of Salta, and managing and recovering municipal taxes and fees.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS PER SHARE PERSISTENCE: PASS
PRICE/SALES RATIO: PASS
RELATIVE STRENGTH: PASS
Detailed Analysis of BANCO MACRO SA (ADR)
Full Guru Analysis for BMA
Full Factor Report for BMA
ASBURY AUTOMOTIVE GROUP, INC. (ABG) is a mid-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 50% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Asbury Automotive Group, Inc. is an automotive retailer in the United States. Its stores offer a range of automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. It owns and operates approximately 112 new vehicle franchises, representing 31 brands of automobiles at 91 dealership locations. It also operates approximately 25 collision centers and one auto auction in approximately 16 metropolitan markets within nine states. Its new vehicle revenue brand mix consists of approximately 45% luxury, 39% imports, and 16% domestic brands.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS PER SHARE PERSISTENCE: PASS
PRICE/SALES RATIO: PASS
RELATIVE STRENGTH: PASS
Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC.
Full Guru Analysis for ABG
Full Factor Report for ABG
ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 50% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Advance Auto Parts, Inc. is an automotive aftermarket parts provider in North America, serving both professional installers (Professional) and do-it-yourself (DIY) customers, as well as independently owned operators. The Company's stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. It operates through five segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. It operates approximately 4,806 total stores and 170 branches primarily under the trade names: Advance Auto Parts, Autopart International, Carquest and Worldpac. The Company offers products under categories, including parts & batteries, accessories & chemicals and engine maintenance.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS PER SHARE PERSISTENCE: PASS
PRICE/SALES RATIO: PASS
RELATIVE STRENGTH: PASS
Detailed Analysis of ADVANCE AUTO PARTS, INC.
Full Guru Analysis for AAP
Full Factor Report for AAP
METLIFE INC (MET) is a large-cap value stock in the Insurance (Life) industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 60% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: MetLife, Inc. (MetLife) is a financial services company. The Company is principally engaged in providing insurance, annuities, employee benefits and asset management services. The Company's segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); and MetLife Holdings. Its U.S. segment is organized into Group Benefits, and Retirement and Income Solutions. The Company's Asia segment offers products, including life insurance; accident and health insurance, and retirement and savings products. Latin America offers products, including life insurance, and retirement and savings products. Life insurance includes universal, variable and term life products. EMEA offers products, including life insurance, accident and health insurance, retirement and savings products, and credit insurance. MetLife has operations in approximately 40 markets globally, including United States, Japan, Latin America, Asia, Europe and the Middle East.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
CASH FLOW PER SHARE: PASS
SHARES OUTSTANDING: PASS
TRAILING 12 MONTH SALES: PASS
DIVIDEND: PASS
Detailed Analysis of METLIFE INC
Full Guru Analysis for MET
Full Factor Report for MET
More details on Validea's James P. O'Shaughnessy strategy
About James P. O'Shaughnessy: Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. O'Shaughnessy back-tested 44 years ofstock market datafrom the comprehensive Standard & Poor's Compustat database to find out which quantitative strategies have worked over the years and which haven't. To the surprise of many, he concluded that price/earnings ratios aren't the best indicator of a stock's value, and that small-company stocks, contrary to popular wisdom, don't as a group have an edge on large-company stocks. Today O'Shaughnessy is the Chief Investment Officer of O'Shaughnessy Asset Management.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC. Full Guru Analysis for ABG Full Factor Report for ABG ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP METLIFE INC (MET) is a large-cap value stock in the Insurance (Life) industry. The Company's stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC. Full Guru Analysis for ABG Full Factor Report for ABG ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP METLIFE INC (MET) is a large-cap value stock in the Insurance (Life) industry. Its stores offer a range of automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance.
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Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC. Full Guru Analysis for ABG Full Factor Report for ABG ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP METLIFE INC (MET) is a large-cap value stock in the Insurance (Life) industry. Company Description: Banco Macro SA is an Argentina-based public company that offers traditional banking products and services to companies, including those operating in regional economies, and individuals, thus strengthening its goal to operate as a multiservice bank.
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Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC. Full Guru Analysis for ABG Full Factor Report for ABG ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP METLIFE INC (MET) is a large-cap value stock in the Insurance (Life) industry. The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy.
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10986.0
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2022-02-23 00:00:00 UTC
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Validea Peter Lynch Strategy Daily Upgrade Report - 2/23/2022
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AAP
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https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-2-23-2022
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nan
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nan
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The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
MAGNOLIA OIL & GAS CORP (MGY) is a mid-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Magnolia Oil & Gas Corporation is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located primarily in Karnes County and the Giddings area in South Texas where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its operations are conducted primarily in one geographic area of the United States. The Company's assets in South Texas includes approximately 42,972 gross (23,513 net) acres in the Karnes area, and approximately 652,113 gross (452,496 net) acres in the Giddings area. The Karnes County Assets are located in Karnes, Gonzales, DeWitt, and Atascosa Counties, Texas, in the core of the Eagle Ford Shale. The Giddings Assets are located in Austin, Brazos, Burleson, Fayette, Lee, Grimes, Montgomery, and Washington Counties, Texas.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MAGNOLIA OIL & GAS CORP
Full Guru Analysis for MGY
Full Factor Report for MGY
RESIDEO TECHNOLOGIES INC (REZI) is a mid-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Resideo Technologies, Inc. is a provider of security solutions primarily in residential environments. The Company operates through two segments: Products & Solutions, and ADI Global Distribution. The Products & Solutions segment consists of comfort, security, residential thermal (RTS) products and solutions. Its offerings include temperature and humidity control, thermal water and air solutions, as well as security panels, sensors, peripherals, wire and cable, communications devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software. ADI Global Distribution segment is the wholesale distributor of low-voltage security products including intrusion, telecom, network and audio-video (AV), access control and video products and participates in the broader related markets of smart home, fire, access control, power, audio, ProAV, networking, communications, wire and cable, enterprise connectivity, and structured wiring products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of RESIDEO TECHNOLOGIES INC
Full Guru Analysis for REZI
Full Factor Report for REZI
SPIRIT REALTY CAPITAL INC (SRC) is a mid-cap growth stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Spirit Realty Capital, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company's in-house capabilities, including acquisition, credit research, asset management, portfolio management, real estate research, legal, finance and accounting functions. It primarily invests in single-tenant, operationally essential real estate assets throughout the United States, which are leased on a long-term, triple-net basis to tenants with operations in retail, industrial, office and certain other industries. The Company operates through Spirit Realty, L.P. (the Operating Partnership) and its subsidiaries. The Company real estate portfolio consists of approximately 1860 properties, which were leased to 301 tenants, located in 48 states, and operated in 28 different industries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SPIRIT REALTY CAPITAL INC
Full Guru Analysis for SRC
Full Factor Report for SRC
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Peter Lynch changed from 56% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: DuPont de Nemours, Inc provides technology-based materials, ingredients and solutions. The Company offers its products and solutions through three segment: Electronics and Imaging, Safety and Construction, and Transportation and Industrial. The Electronics and Imaging business is a global supplier of differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries. The Transportation and Industrial business provides high-performance engineering resins, adhesives, silicones, lubricants and parts to engineers and designers in the transportation, electronics, healthcare, industrial and consumer end-markets to enable systems solutions for demanding applications and environments. The Safety and Construction business provides engineered products and integrated systems.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DUPONT DE NEMOURS INC
Full Guru Analysis for DD
Full Factor Report for DD
SITEONE LANDSCAPE SUPPLY INC (SITE) is a mid-cap growth stock in the Crops industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: SiteOne Landscape Supply, Inc. is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. The Company offers a selection of fertilizer and control products, such as herbicides, irrigation supplies, landscape accessories, nursery goods, hardscapes, including pavers, natural stones and blocks, and outdoor lighting products. The Company's customers are primarily residential and commercial landscape professionals specializing in the designing, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. The Company offers various products, such as spreader settings, LESCO equipment specification sheets, golf course supplies, seed: golf and greentech specification binder.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SITEONE LANDSCAPE SUPPLY INC
Full Guru Analysis for SITE
Full Factor Report for SITE
NEWMARK GROUP INC (NMRK) is a mid-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Newmark Group, Inc. is a commercial real estate services firm. The Company offers a diverse array of integrated services designed to meet the needs of both real estate investors/owners and occupiers. Its investor/owner services include capital markets, which consists of investment sales, debt and structured finance and loan sales, landlord representation, property management, valuation and advisory, commercial real estate consulting and advisory services, Government Sponsored Enterprises (GSE) lending and loan servicing, mortgage brokerage and fundraising. The Company's occupier services include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate consulting services, project management, lease administration and facilities management.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of NEWMARK GROUP INC
Full Guru Analysis for NMRK
Full Factor Report for NMRK
BLACK STONE MINERALS LP (BSM) is a mid-cap growth stock in the Oil & Gas - Integrated industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The Company's principal business is maximizing the value of its existing mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests. The Company owns mineral interests in approximately 16.8 million gross acres; nonparticipating royalty interests (NPRIs) in 1.8 million gross acres, and overriding royalty interests (ORRIs) in 1.7 million gross acres. Its mineral and royalty interests are located in approximately 41 states in the continental United States, including all of the onshore producing basins. Many of these interests are in active resource plays, including the Haynesville/Bossier shales in East Texas/Western Louisiana, the Wolfcamp/Spraberry/Bone Spring in the Permian Basin, the Bakken/Three Forks in the Williston Basin, and the Eagle Ford shale in South Texas.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of BLACK STONE MINERALS LP
Full Guru Analysis for BSM
Full Factor Report for BSM
AMERICAN INTERNATIONAL GROUP INC (AIG) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: American International Group, Inc. is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 80 countries and jurisdictions. Its diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. Its segments consist of General Insurance, Life and Retirement, and Other Operations. General Insurance segment consists of two operating segments: North America and International. Life and Retirement segment consists of four operating segments: Individual Retirement, Group Retirement, Life Insurance and Institutional Markets. North America and International segment consist of two product categories: Commercial Lines, which consists of Liability, Financial Lines, Property and Global Specialty, and Personal Insurance, which consists of Personal Lines, and Accident and Health.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of AMERICAN INTERNATIONAL GROUP INC
Full Guru Analysis for AIG
Full Factor Report for AIG
REALOGY HOLDINGS CORP (RLGY) is a mid-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Realogy Holdings Corp. is a provider of residential real estate services in United states. It operates through three segments: Realogy Franchise Group, Realogy Brokerage Group, and Realogy Title Group. The Realogy Franchise Group franchises the Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby's International Realty and Better Homes and Gardens Real Estate brand names. It also includes lead generation activities and global relocation services operation. The Realogy Brokerage Group operates a full-service real estate brokerage business under Coldwell Banker, Corcoran, and Sotheby's International Realty brand name. The Realogy Title Group provides full-service title, escrow and settlement services to consumers, real estate companies, corporations, and financial institutions with many of these services provided in connection with the Company's real estate brokerage and relocation services businesses. It also provides title agency and underwriting services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of REALOGY HOLDINGS CORP
Full Guru Analysis for RLGY
Full Factor Report for RLGY
CHUY'S HOLDINGS INC (CHUY) is a small-cap growth stock in the Restaurants industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Chuy's Holdings, Inc. develops and operates Chuy's restaurants, which is a full-service restaurant concept, offers a menu of Mexican and Tex-Mex inspired food. The Company operates 95 restaurants across 17 states of the United States. It offers the same menu during lunch and dinner, which includes enchiladas, fajitas, rellenos, tacos, burritos, combination platters and daily specials, as well as a range of appetizers, soups and salads. Each of its restaurants also offers a variety of homemade sauces, including its signature Hatch Green Chile, Boom-Boom and Creamy Jalapeno sauces, all of which it makes from scratch daily in each restaurant. The Company enables its customers to customize their orders. In addition, it also offers a full-service bar in all of its restaurants provides a range of beverage, including its signature on-the-rocks margaritas made with fresh, hand-squeezed lime juice and the King's Punch, a made-to-order, hand-shaken rum cocktail served in its signature shaker.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of CHUY'S HOLDINGS INC
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BLOOMIN' BRANDS INC (BLMN) is a mid-cap value stock in the Restaurants industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Bloomin' Brands, Inc. is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States. The Company holds a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar. OSI Restaurant Partners, LLC (OSI) is the Company's primary operating entity. The Company owns and operates 1,157 restaurants and franchised 317 restaurants across 47 states, Guam and 20 countries. Its Outback Steakhouse is a casual steakhouse restaurant concept focused on steaks, bold flavors and Australian decor. Its Carrabba's Italian Grill offers Italian cuisine dishes.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
Detailed Analysis of BLOOMIN' BRANDS INC
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GENTHERM INC (THRM) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Gentherm Incorporated is a global developer and marketer of thermal management technologies for a range of heating, cooling and temperature control applications. The Company has two segments: Automotive and Medical. The Automotive segment comprises the results from its global automotive businesses. The Medical segment represents the combined results from its patient temperature management systems business, remote power generation systems business, Gentherm Global Power Technologies (GPT), environmental test equipment business, Cincinnati Sub Zero industrial chamber business (CSZ-IC) and non-automotive expenses from its research and development division. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing, and other consumer and industrial temperature control needs.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: FAIL
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of GENTHERM INC
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DIGITAL REALTY TRUST, INC. (DLR) is a large-cap growth stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Digital Realty Trust Inc. is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. It provides data center, colocation and interconnection solutions for customers across a range of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products. The Company portfolio consists of data centers which are located in the United States, Europe, Latin America, Asia, Australia and Canada. PlatformDIGITAL is its platform for centers of data exchange, interconnection, and colocation solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of DIGITAL REALTY TRUST, INC.
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HUNTSMAN CORPORATION (HUN) is a mid-cap value stock in the Chemicals - Plastics & Rubber industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Huntsman Corporation is a manufacturer of differentiated organic chemical products. The Company operates through four segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. The polyurethanes product segment includes methylene diphenyl diisocyanate (MDI), polyols, thermoplastic polyurethane (TPU), and other polyurethane-related products. Performance Products segment includes specialty amines, ethylene amines, maleic anhydride and technology licenses. Advanced Materials segment includes basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting, and curing and toughening agents; epoxy, acrylic and polyurethane-based formulations; specialty nitrile latex, alkyd resins, and carbon nano-materials. Textile Effects segment is engaged in providing wet processing of textiles across pretreatment, coloration, printing and finishing and provides a diverse portfolio of textile chemicals and dyes.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of HUNTSMAN CORPORATION
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HERCULES CAPITAL INC (HTGC) is a mid-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hercules Capital, Inc. is a specialty finance company. The Company is focused on providing senior secured loans to venture capital-backed companies in a range of technology, life sciences and sustainable and renewable technology industries. The Company is an internally managed, non-diversified, closed-end investment company. Its investment objective is to maximize its portfolio total return by generating current income from its debt investments and capital appreciation from its warrant and equity-related investments. The Company's primary business objectives are to increase its net income, net operating income and net asset value (NAV) by investing in structured debt with warrants and equity of venture capital-backed companies in technology-related industries with attractive current yields and the potential for equity appreciation and realized gains. The Company focuses its investments on companies active in the technology industry sub-sectors.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of HERCULES CAPITAL INC
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FREEPORT-MCMORAN INC (FCX) is a large-cap value stock in the Metal Mining industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Freeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of FREEPORT-MCMORAN INC
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OTTER TAIL CORPORATION (OTTR) is a mid-cap value stock in the Electric Utilities industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the generation, purchase, transmission, distribution and sale of electric energy in western Minnesota, eastern North Dakota and northeastern South Dakota. The Manufacturing segment consists of businesses in manufacturing activities, such as contract machining; metal parts stamping, fabrication and painting; and production of plastic thermoformed horticultural containers, life science and industrial packaging, material handling components, and extruded raw material stock. These businesses have manufacturing facilities in Georgia, Illinois and Minnesota and sell products primarily in the United States. The Plastics segment consists of businesses producing polyvinyl chloride (PVC) pipe at plants in North Dakota and Arizona. Its PVC pipes are sold primarily in the western half of the United States and Canada.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of OTTER TAIL CORPORATION
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PIONEER NATURAL RESOURCES CO (PXD) is a large-cap growth stock in the Oil & Gas - Integrated industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pioneer Natural Resources Company (Pioneer) is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas.The Company conducts exploitation and exploration activities in the Spraberry/Wolfcamp field of the Permian Basin. The oil produced from the Permian Basin is West Texas Intermediate Sweet, and the gas produced is casinghead gas. The oil and gas are produced primarily from formations, the upper and lower Spraberry, the Jo Mill, the Dean, the Wolfcamp, the Strawn and the Atoka.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of PIONEER NATURAL RESOURCES CO
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AUTONATION, INC. (AN) is a mid-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AutoNation, Inc. is an automotive retailer in the United States. The Company operates through three segments: Domestic, Import and Premium Luxury. The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by Ford, General Motors, and Stellantis. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Subaru, and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Lexus, Audi and Jaguar Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. Its automotive finance and insurance products (Customer Financial Services) includes vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of AUTONATION, INC.
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ANDERSONS INC (ANDE) is a small-cap value stock in the Crops industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Andersons, Inc. is a diversified company that operates in agriculture business. The Company conducts business across North America in the commodity trading, ethanol, and plant nutrient sectors. The Company operates through four segments: Trade Group, Plant Nutrient Group, Ethanol Group and Rail Group. Its Trade Group specializes in the movement and merchandising of physical commodities, such as whole grains and feed ingredients, while providing marketing and risk management services to customers. Its Plant Nutrient Group formulates, stores and distributes plant nutrients, specialty and industrial inputs, as well as corncob-based products. Its Ethanol Group operates five United States ethanol plants and provides risk management, ethanol and distiller dried grains marketing. Its Rail Group repairs and sells various types of railcars, locomotives and barges.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ANDERSONS INC
Full Guru Analysis for ANDE
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PRUDENTIAL FINANCIAL INC (PRU) is a large-cap value stock in the Insurance (Life) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 83% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Prudential Financial, Inc. is a financial wellness company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses and Closed Block. The PGIM segment provides investment management services and solutions. The Retirement segment provides a range of retirement investment and income products and services. The Group Insurance segment provides a full range of group life, long-term and short-term group disability and trust-owned life insurance. The Individual Annuities segment distributes individual and fixed annuity products. The Individual Life segment distributes individual variable life and term products. The Assurance IQ segment offers a range of solutions to help meet consumers financial needs.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of PRUDENTIAL FINANCIAL INC
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ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Advance Auto Parts, Inc. is an automotive aftermarket parts provider in North America, serving both professional installers (Professional) and do-it-yourself (DIY) customers, as well as independently owned operators. The Company's stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. It operates through five segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. It operates approximately 4,806 total stores and 170 branches primarily under the trade names: Advance Auto Parts, Autopart International, Carquest and Worldpac. The Company offers products under categories, including parts & batteries, accessories & chemicals and engine maintenance.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ADVANCE AUTO PARTS, INC.
Full Guru Analysis for AAP
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AMN HEALTHCARE SERVICES, INC. (AMN) is a mid-cap value stock in the Business Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company operates through three segments: nurse and allied solutions; physician and leadership solutions, and technology and workforce solutions. The nurse and allied solutions segment includes its travel nurse staffing, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions businesses. The physician and leadership solutions segment includes its locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement businesses. The technology and workforce solutions segment includes its language interpretation services, vendor management systems, workforce optimization, recruitment process outsourcing, credentialing, and flex pool management businesses.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of AMN HEALTHCARE SERVICES, INC.
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CONSUMER PORTFOLIO SERVICES, INC. (CPSS) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Consumer Portfolio Services, Inc. is a specialty finance company. The Company's business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, the Company provides indirect financing to the customers of dealers who have limited credit histories or past credit problems, who it refers as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers. The Company offers approximately eight different financing programs, and price to its customer, each program according to the relative credit risk. Its financing programs are First Time Buyer, Mercury / Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
Detailed Analysis of CONSUMER PORTFOLIO SERVICES, INC.
Full Guru Analysis for CPSS
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REPSOL SA (ADR) (REPYY) is a large-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Repsol, S.A. (Repsol) is an integrated energy company. The Company's segments include Upstream, Downstream, and Corporation and others. The Upstream segment carries out oil and natural gas exploration and production activities, and manages its project portfolio. The Downstream segment includes covers the supply and trading of crude oil and other products; oil refining and marketing of oil products, and the production and marketing of chemicals. It owns and operates five refineries in Spain (Cartagena, A Coruna, Bilbao, Puertollano and Tarragona) with a combined distillation capacity of approximately 900 thousand barrels of oil per day. The Company operates La Pampilla refinery in Peru, which has an installed capacity of approximately 120 thousand barrels of oil per day. Its Chemicals division produces and commercializes a range of products, and its activities range from basic petrochemicals to derivatives.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of REPSOL SA (ADR)
Full Guru Analysis for REPYY
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CYBEROPTICS CORPORATION (CYBE) is a small-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Cyberoptics Corporation is a global developer and manufacturer of three-dimensional (3D) sensors and system products for inspection and metrology. The Company develops and manufactures WaferSense products, which is a family of wireless, wafer-shaped sensors that provides measurements of critical factors in the semiconductor fabrication process. Its products include SQ3000 Multi-Function systems, MX3000 Automated Optical Inspection (AOI) system, WX3000 metrology, micron pixel 3D NanoResolution MRS sensor and inspection system. Q3000 Multi-Function system allows for inspection and metrology of features sizes down to 50-microns at in-line production speeds. MX3000 AOI system for 3D inspection of memory modules following the singulation step of the manufacturing process. micron pixel 3D NanoResolution MRS sensor, which is capable of measuring feature sizes down to 25 microns accurately and at high speeds. WX3000 metrology and inspection system for wafer and advanced packing applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of CYBEROPTICS CORPORATION
Full Guru Analysis for CYBE
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ENERGY TRANSFER LP (ET) is a large-cap value stock in the Natural Gas Utilities industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Energy Transfer LP is an energy company, which owns and operates a portfolio of energy assets in the United States. The Company's operations include natural gas midstream and intrastate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling services, and acquisition and marketing activities, as well as NGL storage and fractionation services. The Company's business segments include Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USA Compression Partners, LP (USAC) and All Other Segment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: PASS
INVENTORY TO SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ENERGY TRANSFER LP
Full Guru Analysis for ET
Full Factor Report for ET
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. provides diversified investment management, research and related services globally to a range of clients. Its principal services include: Institutional Services, Retail Services, Private Wealth Management Services and Bernstein Research Services. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks and governments worldwide, and affiliates such as Equitable Holdings, Inc. (EQH) and its subsidiaries. Its Retail Services distributes retail products and services through financial intermediaries, including broker-dealers, insurance sales representatives, banks, registered investment advisors and financial planners. Private Wealth Management services its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, private and family corporations, and other entities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB
Full Factor Report for AB
MATERION CORP (MTRN) is a small-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company's segments include Performance Alloys and Composites, Advanced Materials, and Precision Optics. Its Performance Alloys and Composites provides engineered solutions comprised of beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes. Its Advanced Materials produces chemicals, microelectric packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal preforms, high temperature braze materials, and ultra-fine wire. Its Precision Optics produces thin film coatings, optical filter materials, sputter-coated, and precision-converted thin film materials.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MATERION CORP
Full Guru Analysis for MTRN
Full Factor Report for MTRN
TRAVELERS COMPANIES INC (TRV) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Travelers Companies, Inc. is a holding company principally engaged, through its subsidiaries, in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. The Company's segments include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a range of property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world. The Bond & Specialty Insurance segment provides surety, fidelity, management liability, professional liability, and other property and casualty coverages and related risk management services to its customers in the United States. The Personal Insurance segment writes a range of property and casualty insurance covering individuals' personal risks.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of TRAVELERS COMPANIES INC
Full Guru Analysis for TRV
Full Factor Report for TRV
OWENS CORNING (OC) is a mid-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Owens Corning is a provider of building and industrial materials. The Company manufactures and delivers a range of insulation, roofing, and fiberglass composite materials. It operates through three segments: Composites, Insulation, and Roofing. In the Composites segment, the Company manufactures, fabricates, and sells glass reinforcements in the form of fiber. Glass reinforcement materials are also used downstream by the Composites segment to manufacture and sell glass fiber products in the form of fabrics, non-wovens and other specialized products. Within the Insulation segment, the Company manufactures and sells fiberglass insulation into residential, commercial, industrial, and other markets for both thermal and acoustical applications. Within the Roofing segment, the Company manufactures and sells residential roofing shingles, oxidized asphalt materials, roofing components used in residential and commercial construction and specialty applications, and synthetic packaging materials.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of OWENS CORNING
Full Guru Analysis for OC
Full Factor Report for OC
GROCERY OUTLET HOLDING CORP (GO) is a mid-cap growth stock in the Retail (Grocery) industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Grocery Outlet Holding Corp. is a retailer of name-brand consumables and fresh products sold through a network of independently operated stores. The Company operates approximately 400 stores throughout California, Washington, Oregon, Pennsylvania, Idaho, and Nevada. It purchases name-brand consumables and fresh products through a centralized purchasing team that manages supplier relationships to acquire merchandise. The Company distributes inventory through eight primary distribution centers. It operates three distribution centers and use five distribution centers operated by third parties. It has an in-house transportation fleet as well as transportation partner relationships that provides deliveries to its stores. The Company is focused on centralized marketing efforts primarily on digital ads, social media, television, and radio commercials, print circulars and in-store and outdoor signage.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of GROCERY OUTLET HOLDING CORP
Full Guru Analysis for GO
Full Factor Report for GO
NATWEST GROUP PLC - ADR (NWG) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NatWest Group plc is a business and commercial bank in the United Kingdom (UK). It offers banking products and financial services to personal, business and commercial customers. Its segments include Retail Banking, Ulster Bank RoI, Commercial Banking, Private Banking, RBS International (RBSI), NatWest Markets (NWM), and Central items & other. Retail Banking segment serves individuals and customers. Ulster Bank RoI segment serves individuals and businesses in the Republic of Ireland (RoI). Commercial Banking segment serves start-up, small and mid-size enterprise (SME), commercial and corporate customers. Private Banking segment serves high net worth individuals and their business interests. RBSI segment serves retail, commercial, and corporate customers in the Channel Islands, Isle of Man and Gibraltar, and financial institution customers in those same locations in addition to the UK and Luxembourg. NWM segment helps corporate and institutional customers manage their financial risks.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: BONUS PASS
Detailed Analysis of NATWEST GROUP PLC - ADR
Full Guru Analysis for NWG
Full Factor Report for NWG
FEDERAL HOME LOAN MORTGAGE CORP (FMCC) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 78% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Federal Home Loan Mortgage Corporation is a government-sponsored enterprise (GSE). The Company is engaged in purchasing residential mortgage loans originated by lenders. The Company also invest in mortgage loans and mortgage-related securities. The Company operates through two segments: Single-family and Multifamily. The Single-family segment includes purchase, sale, securitization, and guarantee of single-family loans and securities, its investments in those loans and securities, the management of single-family mortgage credit risk and market risk, and any results of its treasury function that are not allocated to each segment. The Multifamily segment includes purchase, sale, securitization, and guarantee of multifamily loans and securities, its investments in those loans and securities, and the management of multifamily mortgage credit risk and market risk.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: FAIL
RETURN ON ASSETS: FAIL
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of FEDERAL HOME LOAN MORTGAGE CORP
Full Guru Analysis for FMCC
Full Factor Report for FMCC
More details on Validea's Peter Lynch strategy
Peter Lynch Stock Ideas
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Detailed Analysis of PRUDENTIAL FINANCIAL INC Full Guru Analysis for PRU Full Factor Report for PRU ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP AMN HEALTHCARE SERVICES, INC. (AMN) is a mid-cap value stock in the Business Services industry. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Lexus, Audi and Jaguar Land Rover.
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Detailed Analysis of PRUDENTIAL FINANCIAL INC Full Guru Analysis for PRU Full Factor Report for PRU ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP AMN HEALTHCARE SERVICES, INC. (AMN) is a mid-cap value stock in the Business Services industry. Its investor/owner services include capital markets, which consists of investment sales, debt and structured finance and loan sales, landlord representation, property management, valuation and advisory, commercial real estate consulting and advisory services, Government Sponsored Enterprises (GSE) lending and loan servicing, mortgage brokerage and fundraising.
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Detailed Analysis of PRUDENTIAL FINANCIAL INC Full Guru Analysis for PRU Full Factor Report for PRU ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP AMN HEALTHCARE SERVICES, INC. (AMN) is a mid-cap value stock in the Business Services industry. The Realogy Title Group provides full-service title, escrow and settlement services to consumers, real estate companies, corporations, and financial institutions with many of these services provided in connection with the Company's real estate brokerage and relocation services businesses.
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Detailed Analysis of PRUDENTIAL FINANCIAL INC Full Guru Analysis for PRU Full Factor Report for PRU ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. Full Guru Analysis for AAP Full Factor Report for AAP AMN HEALTHCARE SERVICES, INC. (AMN) is a mid-cap value stock in the Business Services industry. Its diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.
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10987.0
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2022-02-22 00:00:00 UTC
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Advance Auto Parts Becomes Oversold
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-becomes-oversold
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Advance Auto Parts Inc (Symbol: AAP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Advance Auto Parts Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of AAP entered into oversold territory, changing hands as low as $204.97 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Advance Auto Parts Inc, the RSI reading has hit 28.4 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 44.5. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, AAP's recent annualized dividend of 6/share (currently paid in quarterly installments) works out to an annual yield of 2.74% based upon the recent $218.80 share price.
A bullish investor could look at AAP's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAP is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A bullish investor could look at AAP's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Advance Auto Parts Inc (Symbol: AAP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Advance Auto Parts Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of AAP entered into oversold territory, changing hands as low as $204.97 per share.
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Indeed, AAP's recent annualized dividend of 6/share (currently paid in quarterly installments) works out to an annual yield of 2.74% based upon the recent $218.80 share price. Advance Auto Parts Inc (Symbol: AAP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Advance Auto Parts Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of AAP entered into oversold territory, changing hands as low as $204.97 per share.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAP is its dividend history. Advance Auto Parts Inc (Symbol: AAP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Advance Auto Parts Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of AAP entered into oversold territory, changing hands as low as $204.97 per share.
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But making Advance Auto Parts Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of AAP entered into oversold territory, changing hands as low as $204.97 per share. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAP is its dividend history. Advance Auto Parts Inc (Symbol: AAP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
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10988.0
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2022-02-22 00:00:00 UTC
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Sum Up The Pieces: SPVM Could Be Worth $60
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AAP
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https://www.nasdaq.com/articles/sum-up-the-pieces%3A-spvm-could-be-worth-%2460
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500 Value with Momentum ETF (Symbol: SPVM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $60.31 per unit.
With SPVM trading at a recent price near $52.97 per unit, that means that analysts see 13.86% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of SPVM's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), L3Harris Technologies Inc (Symbol: LHX), and Lincoln National Corp. (Symbol: LNC). Although AAP has traded at a recent price of $218.80/share, the average analyst target is 17.35% higher at $256.77/share. Similarly, LHX has 15.02% upside from the recent share price of $217.62 if the average analyst target price of $250.31/share is reached, and analysts on average are expecting LNC to reach a target price of $79.50/share, which is 14.14% above the recent price of $69.65. Below is a twelve month price history chart comparing the stock performance of AAP, LHX, and LNC:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco S&P 500 Value with Momentum ETF SPVM $52.97 $60.31 13.86%
Advance Auto Parts Inc AAP $218.80 $256.77 17.35%
L3Harris Technologies Inc LHX $217.62 $250.31 15.02%
Lincoln National Corp. LNC $69.65 $79.50 14.14%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although AAP has traded at a recent price of $218.80/share, the average analyst target is 17.35% higher at $256.77/share. Invesco S&P 500 Value with Momentum ETF SPVM $52.97 $60.31 13.86% Advance Auto Parts Inc AAP $218.80 $256.77 17.35% L3Harris Technologies Inc LHX $217.62 $250.31 15.02% Lincoln National Corp. LNC $69.65 $79.50 14.14% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of SPVM's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), L3Harris Technologies Inc (Symbol: LHX), and Lincoln National Corp. (Symbol: LNC).
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Three of SPVM's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), L3Harris Technologies Inc (Symbol: LHX), and Lincoln National Corp. (Symbol: LNC). Invesco S&P 500 Value with Momentum ETF SPVM $52.97 $60.31 13.86% Advance Auto Parts Inc AAP $218.80 $256.77 17.35% L3Harris Technologies Inc LHX $217.62 $250.31 15.02% Lincoln National Corp. LNC $69.65 $79.50 14.14% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although AAP has traded at a recent price of $218.80/share, the average analyst target is 17.35% higher at $256.77/share.
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Three of SPVM's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), L3Harris Technologies Inc (Symbol: LHX), and Lincoln National Corp. (Symbol: LNC). Although AAP has traded at a recent price of $218.80/share, the average analyst target is 17.35% higher at $256.77/share. Below is a twelve month price history chart comparing the stock performance of AAP, LHX, and LNC: Below is a summary table of the current analyst target prices discussed above:
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Invesco S&P 500 Value with Momentum ETF SPVM $52.97 $60.31 13.86% Advance Auto Parts Inc AAP $218.80 $256.77 17.35% L3Harris Technologies Inc LHX $217.62 $250.31 15.02% Lincoln National Corp. LNC $69.65 $79.50 14.14% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of SPVM's underlying holdings with notable upside to their analyst target prices are Advance Auto Parts Inc (Symbol: AAP), L3Harris Technologies Inc (Symbol: LHX), and Lincoln National Corp. (Symbol: LNC). Although AAP has traded at a recent price of $218.80/share, the average analyst target is 17.35% higher at $256.77/share.
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10989.0
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2022-02-21 00:00:00 UTC
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Auto Stock Roundup: Q4 Earnings of AAP, BWA, GPC & LKQ in Focus
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-q4-earnings-of-aap-bwa-gpc-lkq-in-focus
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nan
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nan
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January auto sales data for China — the world’s largest car market — was released last week. Per the China Association of Automobile Manufacturers, vehicle sales in the country edged up 0.9% year over year to 2.53 million units, snapping eight consecutive monthly declines. Sales of new energy vehicles surged 136% year over year to 431,000 units in January.
The European Automobile Manufacturers Association (“ACEA”) also released data for passenger car registrations made in January 2022. New car registrations in Europe witnessed a year-over-year decline of 6%, marking a record low number of registrations for the month of January. Sales in four key markets — namely France, Spain, Italy and Germany — witnessed mixed results. While Italy and France saw double-digit declines of 19.7% and 18.6%, Germany and Spain recorded year-over-year growth of 8.5% and 1%, respectively.
Meanwhile, a few S&P 500 companies from the auto space including Advance Auto Parts, Inc. AAP, BorgWarner Inc. BWA, Genuine Parts Company GPC and LKQ Corporation LKQ released their quarterly reports last week. Encouragingly, each of them managed to pull off a comprehensive beat.
Earnings Snapshots of Last Week’s Key Releases
Advance Auto reported adjusted earnings of $2.07 per share for fourth-quarter 2021 (ended Jan 1, 2022), increasing 17.6% from the prior-year figure and topping the Zacks Consensus Estimate of $1.97 on higher-than-expected comps growth. Advance Auto generated net revenues of $2,397 million, topping the Zacks Consensus Estimate of $2,362 million and edging up 1.3% from the year-ago reported figure. The company also approved a 50% hike in its quarterly cash dividend.
Advance Auto estimates 2022 net sales in the band of $11.2-$11.5 billion. Comparable store sales growth and adjusted operating income margin are envisioned in the range of 1-3% and 10-10.2%, respectively. Advance Auto expects capex in the $300-$350 million range and targets free cash flow of a minimum of $775 million. (Advance Auto Beats Q4 Earnings Estimates, Hikes Payout)
BorgWarner reported adjusted earnings of $1.06 per share for fourth-quarter 2021, declining from $1.18 recorded in the prior-year period but beating the Zacks Consensus Estimate of 74 cents. The automotive equipment supplier reported net sales of $3,655 million, outpacing the Zacks Consensus Estimate of $3,462 million. The top-line figure, however, declined 6.9% year over year. Along with its earnings release, BorgWarner announced that it has inked a deal to acquire Santroll's light vehicle eMotor business for up to ¥1.4 billion.
For full-year 2022, BWA anticipates net sales within $15.9-$16.5 billion, indicating an increase from $14.8 billion recorded in 2021. Importantly, BorgWarner envisions electric vehicle revenues of more than $800 million for 2022, doubling from 2021 levels. Free cash flow is projected in the band of $700-$800 million. (BorgWarner Beats on Q4 Earnings, Announces Buyout Deal)
Genuine Parts reported fourth-quarter 2021 adjusted earnings of $1.79 per share, up 17.8% year over year. The bottom line also surpassed the Zacks Consensus Estimate of $1.61 per share. The company reported net sales of $4,803 million, surpassing the Zacks Consensus Estimate of $4,675 million. The top line was also higher than the year-ago quarter’s $4,252 million. GPC had cash/cash equivalents and long-term debt of $715 million and $2,409 million, respectively, at 2021-end.
Genuine Parts projects revenues from automotive and industrial sales to witness a year-over-year uptick of 4-6% and 20-22%, respectively. Overall sales growth is projected in the range of 9-11%. Full-year adjusted earnings per share are envisioned in the band of $7.45-$7.60. Operating cash flow is expected between $1.5 billion and $1.7 billion. Free cash flow is projected in the band of $1.2-$1.4 billion. (Genuine Parts Q4 Earnings & Sales Top Estimates, Up Y/Y)
LKQ Corp reported adjusted earnings of 87 cents per share for fourth-quarter 2021, surpassing the Zacks Consensus Estimate of 77 cents and increasing 26.1% from 69 cents a year ago. The aftermarket auto parts distributor registered quarterly revenues of $3,185 million, beating the Zacks Consensus Estimate of $3,068.6 million and increasing 7.9% from the year-ago level. For the fourth quarter, cash flow provided by operating activities totaled $5 million. Capital expenditure summed $160 million, with the company recording a negative free cash flow of $155.7 million.
For 2022, LKQ projects EPS in the range of $3.5-$3.8 and adjusted EPS of $3.72-$4.02. It envisions generating free cash flow of a minimum of $1 billion. LKQ also forecasts organic revenue growth for parts and services in the range of 3-5%. (LKQ's Q4 Earnings and Sales Beat Estimates, Increase Y/Y)
Price Performance
The following table shows the price movement of some of the major auto players over the past week and six-month period.
Image Source: Zacks Investment Research
What’s Next in the Auto Space?
Industry watchers will keep a tab on January commercial vehicle registrations in Europe, likely to be released by the ACEA this week. Also, stay tuned for quarterly results of a host of auto companies that are slated to be reported this week.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Genuine Parts Company (GPC): Free Stock Analysis Report
BorgWarner Inc. (BWA): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
LKQ Corporation (LKQ): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, a few S&P 500 companies from the auto space including Advance Auto Parts, Inc. AAP, BorgWarner Inc. BWA, Genuine Parts Company GPC and LKQ Corporation LKQ released their quarterly reports last week. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report January auto sales data for China — the world’s largest car market — was released last week.
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Meanwhile, a few S&P 500 companies from the auto space including Advance Auto Parts, Inc. AAP, BorgWarner Inc. BWA, Genuine Parts Company GPC and LKQ Corporation LKQ released their quarterly reports last week. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report (Advance Auto Beats Q4 Earnings Estimates, Hikes Payout) BorgWarner reported adjusted earnings of $1.06 per share for fourth-quarter 2021, declining from $1.18 recorded in the prior-year period but beating the Zacks Consensus Estimate of 74 cents.
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Meanwhile, a few S&P 500 companies from the auto space including Advance Auto Parts, Inc. AAP, BorgWarner Inc. BWA, Genuine Parts Company GPC and LKQ Corporation LKQ released their quarterly reports last week. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report (Advance Auto Beats Q4 Earnings Estimates, Hikes Payout) BorgWarner reported adjusted earnings of $1.06 per share for fourth-quarter 2021, declining from $1.18 recorded in the prior-year period but beating the Zacks Consensus Estimate of 74 cents.
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Meanwhile, a few S&P 500 companies from the auto space including Advance Auto Parts, Inc. AAP, BorgWarner Inc. BWA, Genuine Parts Company GPC and LKQ Corporation LKQ released their quarterly reports last week. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report (Advance Auto Beats Q4 Earnings Estimates, Hikes Payout) BorgWarner reported adjusted earnings of $1.06 per share for fourth-quarter 2021, declining from $1.18 recorded in the prior-year period but beating the Zacks Consensus Estimate of 74 cents.
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2022-02-15 00:00:00 UTC
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Advance Auto (AAP) Beats Q4 Earnings Estimates, Hikes Payout
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AAP
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https://www.nasdaq.com/articles/advance-auto-aap-beats-q4-earnings-estimates-hikes-payout
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.07 per share for fourth-quarter 2021 (ended Jan 1, 2022), increasing 17.6% from the prior-year figure. The reported figure also beat the Zacks Consensus Estimate of $1.97 on higher-than-expected comps growth. For the fourth quarter, comparable store sales witnessed 8.2% growth, outpacing the consensus mark of 4.76%. Advance Auto generated net revenues of $2,397 million, topping the Zacks Consensus Estimate of $2,362 million and edging up 1.3% from the year-ago reported figure.
Adjusted operating income was up 24.8% year over year to $176.8 million. Adjusted selling, general and administrative expenses totaled $946 million for fourth-quarter 2021, up 10% year over year.
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise
Advance Auto Parts, Inc. price-consensus-eps-surprise-chart | Advance Auto Parts, Inc. Quote
Financial Position
Advance Auto had cash and cash equivalents of $601.4 million as of Jan 1, 2022 compared with $835 million on Jan 2, 2021. Total long-term debt was $1,034.3 million as of Jan 1, 2022, slightly up from $1,033 million on Jan 2, 2021. In 2021, AAP generated operating cash flow and FCF of $1.1 billion and $822.6 million, up 14.7% and 17.1%, respectively, on a year-over-year basis.
Dividend & Share Repurchase
On Feb 14, Advance Auto Parts’ board approved a 50% hike in its quarterly cash dividend. The dividend of $1.50 a share would be payable on Apr 1, 2022 to all common shareholders of record as of Mar 18, 2022.
In 2021, AAP — which currently carries a Zacks Rank #3 (Hold) — repurchased around 4.6 million shares for $886.7 million at an average price of $192.92 per share. At the end of fourth-quarter 2021, AAP had $545.5 million remaining under the share-repurchase program. A few days back, AAP authorized a new $1-billion share repurchase program, underpinning its commitment to maximize shareholder value.
Store Update
As of Jan 1, 2022, AAP operated 4,706 stores and 266 Worldpac branches in the United States, Canada, Puerto Rico, and U.S. Virgin Islands. It also served 1,317 independently-owned Carquest-branded stores across these locations, in addition to Mexico and various Caribbean Islands.
Guidance for 2022
Advance Auto estimates 2022 net sales in the band of $11.2-$11.5 billion. Comparable store sales growth and adjusted operating income margin are envisioned in the range of 1-3% and 10-10.2%, respectively. Advance Auto expects capex in the $300-$350 million range and targets FCF of a minimum of $775 million. Adjusted EPS is forecast between $13.20 and $13.75. The auto parts retailer intends to buy back stocks worth $500-$700 million. AAP aims to open 125-150 new stores this year.
Peer Comparison
Advance Auto’s key peers include O’Reilly Automotive ORLY, AutoZone AZO and CarMax KMX.
O’Reilly posted fourth-quarter 2021 results on Feb 9. It posted adjusted earnings per share of $7.64, surpassing the Zacks Consensus Estimate of $6. The bottom line also increased from $5.40 a share recorded in the prior-year quarter. The company surpassed the Zacks Consensus Estimate for earnings in the last four quarters, with an average surprise of 22.2%.
ORLY registered quarterly revenues of $3,291.5 million, beating the consensus mark of $3,066.7 million. The top line was also 16.36% higher than the prior-year figure of $2,828.8 million. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AutoZone reported first-quarter fiscal 2022 (ended Nov 20, 2021) results on Dec 7. Its quarterly earnings of $25.69 per share surged from the prior-year figure of $18.61. The bottom line also surpassed the Zacks Consensus Estimate of $20.83. The company surpassed the Zacks Consensus Estimate for earnings in the last four quarters, with an average of 23.2%.
AZO’s sales in the last reported quarter grew 16.3% year over year to $3,668.9 million. The top line also outpaced the Zacks Consensus Estimate of $3,358 million. Domestic same-store sales for first-quarter fiscal 2022 rose 13.6%, handily beating the Zacks Consensus Estimate of 3.9%. The stock currently carries a Zacks Rank #3.
CarMax reported third-quarter fiscal 2022 (ended Nov 30, 2021) results on Dec 22. Its adjusted earnings per share of $1.53 beat the Zacks Consensus Estimate of $1.48 and rose from $1.42 recorded in the year-ago period. The company surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, with an average surprise of 14.3%.
KMX registered revenues of $8,527.8 million for the November-end quarter, beating the Zacks Consensus Estimate of $7,891 million. Also, the top line recorded a 64.5% year-over-year increase. The stock currently carries a Zacks Rank #3.
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O'Reilly Automotive, Inc. (ORLY): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
CarMax, Inc. (KMX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.07 per share for fourth-quarter 2021 (ended Jan 1, 2022), increasing 17.6% from the prior-year figure. A few days back, AAP authorized a new $1-billion share repurchase program, underpinning its commitment to maximize shareholder value. In 2021, AAP generated operating cash flow and FCF of $1.1 billion and $822.6 million, up 14.7% and 17.1%, respectively, on a year-over-year basis.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.07 per share for fourth-quarter 2021 (ended Jan 1, 2022), increasing 17.6% from the prior-year figure. In 2021, AAP generated operating cash flow and FCF of $1.1 billion and $822.6 million, up 14.7% and 17.1%, respectively, on a year-over-year basis. In 2021, AAP — which currently carries a Zacks Rank #3 (Hold) — repurchased around 4.6 million shares for $886.7 million at an average price of $192.92 per share.
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In 2021, AAP — which currently carries a Zacks Rank #3 (Hold) — repurchased around 4.6 million shares for $886.7 million at an average price of $192.92 per share. Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.07 per share for fourth-quarter 2021 (ended Jan 1, 2022), increasing 17.6% from the prior-year figure. In 2021, AAP generated operating cash flow and FCF of $1.1 billion and $822.6 million, up 14.7% and 17.1%, respectively, on a year-over-year basis.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.07 per share for fourth-quarter 2021 (ended Jan 1, 2022), increasing 17.6% from the prior-year figure. In 2021, AAP — which currently carries a Zacks Rank #3 (Hold) — repurchased around 4.6 million shares for $886.7 million at an average price of $192.92 per share. In 2021, AAP generated operating cash flow and FCF of $1.1 billion and $822.6 million, up 14.7% and 17.1%, respectively, on a year-over-year basis.
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10991.0
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2022-02-15 00:00:00 UTC
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Advance Auto Parts Q4 21 Earnings Conference Call At 8:00 AM ET
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q4-21-earnings-conference-call-at-8%3A00-am-et
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(RTTNews) - Advance Auto Parts (AAP) will host a conference call at 8:00 AM ET on February 15, 2022, to discuss Q4 21 earnings results.
To access the live webcast, log on to http://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/event-details/2022/Q4-2021-Advance-Auto-Parts-Earnings-Conference-Call/default.aspx
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) will host a conference call at 8:00 AM ET on February 15, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to http://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/event-details/2022/Q4-2021-Advance-Auto-Parts-Earnings-Conference-Call/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) will host a conference call at 8:00 AM ET on February 15, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to http://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/event-details/2022/Q4-2021-Advance-Auto-Parts-Earnings-Conference-Call/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) will host a conference call at 8:00 AM ET on February 15, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to http://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/event-details/2022/Q4-2021-Advance-Auto-Parts-Earnings-Conference-Call/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) will host a conference call at 8:00 AM ET on February 15, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to http://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/event-details/2022/Q4-2021-Advance-Auto-Parts-Earnings-Conference-Call/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10992.0
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2022-02-14 00:00:00 UTC
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Advance Auto Parts Q4 Profit Falls
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q4-profit-falls
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(RTTNews) - Advance Auto Parts (AAP) released earnings for fourth quarter that decreased from last year
The company's earnings totaled $81.67 million, or $1.30 per share. This compares with $112.00 million, or $1.65 per share, in last year's fourth quarter.
Excluding items, Advance Auto Parts reported adjusted earnings of $129.96 million or $2.07 per share for the period.
The company's revenue for the quarter rose 1.3% to $2.40 billion from $2.37 billion last year.
Advance Auto Parts earnings at a glance (GAAP) :
-Earnings (Q4): $81.67 Mln. vs. $112.00 Mln. last year. -EPS (Q4): $1.30 vs. $1.65 last year. -Revenue (Q4): $2.40 Bln vs. $2.37 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) released earnings for fourth quarter that decreased from last year The company's earnings totaled $81.67 million, or $1.30 per share. Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q4): $81.67 Mln. Excluding items, Advance Auto Parts reported adjusted earnings of $129.96 million or $2.07 per share for the period.
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(RTTNews) - Advance Auto Parts (AAP) released earnings for fourth quarter that decreased from last year The company's earnings totaled $81.67 million, or $1.30 per share. Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q4): $81.67 Mln. Excluding items, Advance Auto Parts reported adjusted earnings of $129.96 million or $2.07 per share for the period.
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(RTTNews) - Advance Auto Parts (AAP) released earnings for fourth quarter that decreased from last year The company's earnings totaled $81.67 million, or $1.30 per share. Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q4): $81.67 Mln. This compares with $112.00 million, or $1.65 per share, in last year's fourth quarter.
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(RTTNews) - Advance Auto Parts (AAP) released earnings for fourth quarter that decreased from last year The company's earnings totaled $81.67 million, or $1.30 per share. Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q4): $81.67 Mln. This compares with $112.00 million, or $1.65 per share, in last year's fourth quarter.
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10993.0
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2022-02-14 00:00:00 UTC
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After-Hours Earnings Report for February 14, 2022 : ANET, CLR, AAP, SCI, CAR, VNO, OMCL, MEDP, PRI, SRC, TNET, AMKR
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AAP
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-february-14-2022-%3A-anet-clr-aap-sci-car-vno-omcl-medp-pri
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The following companies are expected to report earnings after hours on 02/14/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Arista Networks, Inc. (ANET)is reporting for the quarter ending December 31, 2021. The communications company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.60. This value represents a 7.14% increase compared to the same quarter last year. In the past year ANET has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.26%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ANET is 56.77 vs. an industry ratio of 145.70.
Continental Resources, Inc. (CLR)is reporting for the quarter ending December 31, 2021. The oil (us exp & production) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.73. This value represents a 852.17% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CLR is 12.91 vs. an industry ratio of 10.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Advance Auto Parts Inc. (AAP)is reporting for the quarter ending December 31, 2021. The wholesale retail company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.96. This value represents a 4.81% increase compared to the same quarter last year. AAP missed the consensus earnings per share in the 4th calendar quarter of 2020 by -3.11%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AAP is 18.69 vs. an industry ratio of 19.10.
Service Corporation International (SCI)is reporting for the quarter ending December 31, 2021. The funeral services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.00. This value represents a 11.50% decrease compared to the same quarter last year. In the past year SCI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 84.13%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for SCI is 14.30 vs. an industry ratio of 13.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Avis Budget Group, Inc. (CAR)is reporting for the quarter ending December 31, 2021. The business services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $6.46. This value represents a 1894.44% increase compared to the same quarter last year. In the past year CAR has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 55.65%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CAR is 8.15 vs. an industry ratio of 149.70.
Vornado Realty Trust (VNO)is reporting for the quarter ending December 31, 2021. The reit company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.74. This value represents a 12.12% increase compared to the same quarter last year. VNO missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -1.39%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for VNO is 14.75 vs. an industry ratio of 10.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Omnicell, Inc. (OMCL)is reporting for the quarter ending December 31, 2021. The medical information systems company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.70. This value represents a 1.41% decrease compared to the same quarter last year. In the past year OMCL has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 25.4%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for OMCL is 53.61 vs. an industry ratio of -1.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Medpace Holdings, Inc. (MEDP)is reporting for the quarter ending December 31, 2021. The medical services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.25. This value represents a 10.07% decrease compared to the same quarter last year. In the past year MEDP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 20.56%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MEDP is 36.82 vs. an industry ratio of 15.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Primerica, Inc. (PRI)is reporting for the quarter ending December 31, 2021. The life insurance company's consensus earnings per share forecast from the 4 analysts that follow the stock is $3.18. This value represents a 29.80% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for PRI is 12.95 vs. an industry ratio of 11.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Spirit Realty Capital, Inc. (SRC)is reporting for the quarter ending December 31, 2021. The reit company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.81. This value represents a 9.46% increase compared to the same quarter last year. In the past year SRC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for SRC is 14.41 vs. an industry ratio of 25.20.
TriNet Group, Inc. (TNET)is reporting for the quarter ending December 31, 2021. The outsourcing company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.40. This value represents a 33.33% increase compared to the same quarter last year. In the past year TNET has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 74.24%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for TNET is 18.66 vs. an industry ratio of 4.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Amkor Technology, Inc. (AMKR)is reporting for the quarter ending December 31, 2021. The electric company company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.65. This value represents a 25.00% increase compared to the same quarter last year. In the past year AMKR has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.71%. Zacks Investment Research reports that the Price to Earnings ratio for AMKR is 0.00 vs. an industry ratio of 18.90.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. (AAP)is reporting for the quarter ending December 31, 2021. AAP missed the consensus earnings per share in the 4th calendar quarter of 2020 by -3.11%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AAP is 18.69 vs. an industry ratio of 19.10.
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Advance Auto Parts Inc. (AAP)is reporting for the quarter ending December 31, 2021. AAP missed the consensus earnings per share in the 4th calendar quarter of 2020 by -3.11%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AAP is 18.69 vs. an industry ratio of 19.10.
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Advance Auto Parts Inc. (AAP)is reporting for the quarter ending December 31, 2021. AAP missed the consensus earnings per share in the 4th calendar quarter of 2020 by -3.11%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AAP is 18.69 vs. an industry ratio of 19.10.
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AAP missed the consensus earnings per share in the 4th calendar quarter of 2020 by -3.11%. Advance Auto Parts Inc. (AAP)is reporting for the quarter ending December 31, 2021. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AAP is 18.69 vs. an industry ratio of 19.10.
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10994.0
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2022-02-11 00:00:00 UTC
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Advance Auto Parts (AAP) to Report Q4 Earnings: A Sneak Peek
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-to-report-q4-earnings%3A-a-sneak-peek
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Advance Auto Parts, Inc. AAP is slated to announce fourth-quarter 2021 results on Feb 14, after the closing bell. The Zacks Consensus Estimate for the quarter’s earnings and revenues is pegged at $1.95 per share and $2,356 million, respectively.
The Zacks Consensus Estimate for Advance Auto Parts’ fourth-quarter earnings per share has been revised upward by 1 cent in the past seven days. The year-ago earnings were recorded at $1.87 per share. The Zacks Consensus Estimate for quarterly revenues, however, suggests a marginal decline from $2,365 million generated in fourth-quarter 2020.
This aftermarket auto parts distributor delivered better-than-anticipated earnings in the last reported quarter on higher-than-expected comparable store sales growth. Over the trailing four quarters, Advance Auto Parts surpassed estimates on three occasions and missed on the other, with the average surprise being 9.01%.
Earnings Whispers
Our proven model predicts an earnings beat for Advance Auto Parts this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This has been elaborated below.
Earnings ESP: Advance Auto Parts has an Earnings ESP of +1.84%. This is because the Most Accurate Estimate is pegged 3 cents higher than the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Advance Auto Parts currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors to Consider
Courtesy of economic recovery from the pandemic lows and preference for personal mobility, demand for vehicles has been on the rise. This, in turn, is anticipated to have fueled the demand for automotive replacement parts, accessories, batteries and maintenance items. Advance Auto Parts’ upcoming results are likely to get a boost from the same. Encouragingly, the Zacks Consensus Estimate for comparable same-store sales growth for the to-be-reported quarter is 4.76%, indicating an increase from the year-ago quarter and the prior quarter’s 4.70% and 3.1%, respectively.
Advance Auto Parts is likely to have gained from the digital ramp-up and rising e-commerce initiatives. Significant advancement of its DIY omni-channel digital platform and enhancements to the online portal ‘MyAdvance’ are expected to have increased traffic and resulted in higher conversion rates, which is likely to have boosted revenues during the quarter in discussion.
Completion of the rollout of cross-banner replenishment is likely to have delivered savings. The firm’s Warehouse Management Systems and Labor Management System initiatives remained on track and are expected to have driven productivity.
AAP’s fourth-quarter results would reflect the benefits from its strengthening foothold through the opening of new stores. In the first nine months of 2021, the company opened six Worldpac branches, 19 Advance and Carquest stores, and 44 independent Carquest stores. The Zacks Consensus Estimate for the total number of retail stores at fourth quarter-end is pegged at 5,007, indicating growth from the third quarter’s store count of 4,727.
In the lastearnings call Advance Auto Parts raised projections for full-year 2021 sales, comps and FCF, which boosts confidence for the upcoming results.
Other Stocks With Favorable Combinations
Here are a few other auto retailers, which, according to our model, also have the right combination of elements to post an earnings beat for the quarter to be reported:
Asbury Automotive ABG has an Earnings ESP of +3.62% and a Zacks Rank #1. The company is set to report fourth-quarter 2021 earnings on Feb 15.
The Zacks Consensus Estimate for Asbury’s to-be-reported quarter’s earnings and revenues is pegged at $5.86 per share and $2.43 billion, respectively. ABG surpassed earnings estimates in the last four quarters, with an average of 24.3%.
Sonic Automotive SAH has an Earnings ESP of +4.87% and a Zacks Rank #1. The company is set to report fourth-quarter 2021 earnings on Feb 16.
The Zacks Consensus Estimate for Sonic’s to-be-reported quarter’s earnings and revenues is pegged at $1.83 per share and $3.17 billion, respectively. SAH surpassed earnings estimates in the last four quarters, with an average of 25.4%.
AutoNation AN has an Earnings ESP of +1.97% and a Zacks Rank #2. The company is set to report fourth-quarter 2021 earnings on Feb 17.
The Zacks Consensus Estimate for AutoNation’s to-be-reported quarter’s earnings and revenues is pegged at $5 per share and $6.37 billion, respectively. AN surpassed earnings estimates in the last four quarters, with an average of 40.9%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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AutoNation, Inc. (AN): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Sonic Automotive, Inc. (SAH): Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP is slated to announce fourth-quarter 2021 results on Feb 14, after the closing bell. AAP’s fourth-quarter results would reflect the benefits from its strengthening foothold through the opening of new stores. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, Inc. AAP is slated to announce fourth-quarter 2021 results on Feb 14, after the closing bell. AAP’s fourth-quarter results would reflect the benefits from its strengthening foothold through the opening of new stores.
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Advance Auto Parts, Inc. AAP is slated to announce fourth-quarter 2021 results on Feb 14, after the closing bell. AAP’s fourth-quarter results would reflect the benefits from its strengthening foothold through the opening of new stores. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts, Inc. AAP is slated to announce fourth-quarter 2021 results on Feb 14, after the closing bell. AAP’s fourth-quarter results would reflect the benefits from its strengthening foothold through the opening of new stores.
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10995.0
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2022-02-11 00:00:00 UTC
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This 1 Retail and Wholesale Stock Could Beat Earnings: Why It Should Be on Your Radar
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AAP
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https://www.nasdaq.com/articles/this-1-retail-and-wholesale-stock-could-beat-earnings%3A-why-it-should-be-on-your-radar-8
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nan
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nan
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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Advance Auto Parts?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.98 a share, just three days from its upcoming earnings release on February 14, 2022.
AAP has an Earnings ESP figure of 1.25%, which, as explained above, is calculated by taking the percentage difference between the $1.98 Most Accurate Estimate and the Zacks Consensus Estimate of $1.96. Advance Auto Parts is one of just a large database of stocks with positive ESPs. These stocks can be filtered by ESP, Zacks Rank, % Surprise (Last Qtr.), and Reporting date.
Now that you know how to use the Zacks Earnings ESP to your advantage, make sure to check out the Earnings ESP Home Page for even more earnings related strategies to create a winning portfolio.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.98 a share, just three days from its upcoming earnings release on February 14, 2022. AAP has an Earnings ESP figure of 1.25%, which, as explained above, is calculated by taking the percentage difference between the $1.98 Most Accurate Estimate and the Zacks Consensus Estimate of $1.96. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.98 a share, just three days from its upcoming earnings release on February 14, 2022. AAP has an Earnings ESP figure of 1.25%, which, as explained above, is calculated by taking the percentage difference between the $1.98 Most Accurate Estimate and the Zacks Consensus Estimate of $1.96.
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Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.98 a share, just three days from its upcoming earnings release on February 14, 2022. AAP has an Earnings ESP figure of 1.25%, which, as explained above, is calculated by taking the percentage difference between the $1.98 Most Accurate Estimate and the Zacks Consensus Estimate of $1.96. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Advance Auto Parts (AAP) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.98 a share, just three days from its upcoming earnings release on February 14, 2022. AAP has an Earnings ESP figure of 1.25%, which, as explained above, is calculated by taking the percentage difference between the $1.98 Most Accurate Estimate and the Zacks Consensus Estimate of $1.96.
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10996.0
|
2022-02-10 00:00:00 UTC
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Thursday's ETF Movers: XME, RXI
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AAP
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https://www.nasdaq.com/articles/thursdays-etf-movers%3A-xme-rxi
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nan
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nan
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In trading on Thursday, the SPDR— S&P— Metals & Mining ETF is outperforming other ETFs, up about 3.2% on the day. Components of that ETF showing particular strength include shares of Peabody Energy, up about 15.4% and shares of Carpenter Technology, up about 7.1% on the day.
And underperforming other ETFs today is the iShares Global Consumer Discretionary ETF, off about 2% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Autozone, lower by about 4.1%, and shares of Advance Auto Parts, lower by about 2.7% on the day.
VIDEO: Thursday's ETF Movers: XME, RXI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Peabody Energy, up about 15.4% and shares of Carpenter Technology, up about 7.1% on the day. Among components of that ETF with the weakest showing on Thursday were shares of Autozone, lower by about 4.1%, and shares of Advance Auto Parts, lower by about 2.7% on the day. VIDEO: Thursday's ETF Movers: XME, RXI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Peabody Energy, up about 15.4% and shares of Carpenter Technology, up about 7.1% on the day. Among components of that ETF with the weakest showing on Thursday were shares of Autozone, lower by about 4.1%, and shares of Advance Auto Parts, lower by about 2.7% on the day. VIDEO: Thursday's ETF Movers: XME, RXI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, the SPDR— S&P— Metals & Mining ETF is outperforming other ETFs, up about 3.2% on the day. And underperforming other ETFs today is the iShares Global Consumer Discretionary ETF, off about 2% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Autozone, lower by about 4.1%, and shares of Advance Auto Parts, lower by about 2.7% on the day.
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In trading on Thursday, the SPDR— S&P— Metals & Mining ETF is outperforming other ETFs, up about 3.2% on the day. Components of that ETF showing particular strength include shares of Peabody Energy, up about 15.4% and shares of Carpenter Technology, up about 7.1% on the day. And underperforming other ETFs today is the iShares Global Consumer Discretionary ETF, off about 2% in Thursday afternoon trading.
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10997.0
|
2022-02-10 00:00:00 UTC
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Is a Surprise Coming for Advance Auto Parts (AAP) This Earnings Season?
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AAP
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https://www.nasdaq.com/articles/is-a-surprise-coming-for-advance-auto-parts-aap-this-earnings-season
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nan
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nan
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Investors are always looking for stocks that are poised to beat at earnings season and Advance Auto Parts AAP may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Advance Auto Parts is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAP in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $1.98 per share for AAP, compared to a broader Zacks Consensus Estimate of $1.95 per share. This suggests that analysts have very recently bumped up their estimates for AAP, giving the stock a Zacks Earnings ESP of +1.84% heading into earnings season.
Advance Auto Parts, Inc. Price and EPS Surprise
Advance Auto Parts, Inc. price-eps-surprise | Advance Auto Parts, Inc. Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that AAP has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Advance Auto Parts, and that a beat might be in the cards for the upcoming report.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors are always looking for stocks that are poised to beat at earnings season and Advance Auto Parts AAP may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAP in this report. In fact, the Most Accurate Estimate for the current quarter is currently at $1.98 per share for AAP, compared to a broader Zacks Consensus Estimate of $1.95 per share.
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Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Investors are always looking for stocks that are poised to beat at earnings season and Advance Auto Parts AAP may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAP in this report.
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This suggests that analysts have very recently bumped up their estimates for AAP, giving the stock a Zacks Earnings ESP of +1.84% heading into earnings season. Investors are always looking for stocks that are poised to beat at earnings season and Advance Auto Parts AAP may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAP in this report.
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This suggests that analysts have very recently bumped up their estimates for AAP, giving the stock a Zacks Earnings ESP of +1.84% heading into earnings season. Given that AAP has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Advance Auto Parts AAP may be one such company.
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10998.0
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2022-02-09 00:00:00 UTC
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Advance Auto Parts (NYSE:AAP) Could Be Struggling To Allocate Capital
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AAP
|
https://www.nasdaq.com/articles/advance-auto-parts-nyse%3Aaap-could-be-struggling-to-allocate-capital
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nan
|
nan
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To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. In light of that, when we looked at Advance Auto Parts (NYSE:AAP) and its ROCE trend, we weren't exactly thrilled.
What is Return On Capital Employed (ROCE)?
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Advance Auto Parts is:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.14 = US$947m ÷ (US$12b - US$5.0b) (Based on the trailing twelve months to October 2021).
Thus, Advance Auto Parts has an ROCE of 14%. In absolute terms, that's a pretty standard return but compared to the Specialty Retail industry average it falls behind.
NYSE:AAP Return on Capital Employed February 9th 2022
Above you can see how the current ROCE for Advance Auto Parts compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
What Does the ROCE Trend For Advance Auto Parts Tell Us?
In terms of Advance Auto Parts' historical ROCE movements, the trend isn't fantastic. Over the last five years, returns on capital have decreased to 14% from 20% five years ago. Although, given both revenue and the amount of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. If these investments prove successful, this can bode very well for long term stock performance.
On a separate but related note, it's important to know that Advance Auto Parts has a current liabilities to total assets ratio of 42%, which we'd consider pretty high. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.
In Conclusion...
While returns have fallen for Advance Auto Parts in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. Furthermore the stock has climbed 44% over the last five years, it would appear that investors are upbeat about the future. So while investors seem to be recognizing these promising trends, we would look further into this stock to make sure the other metrics justify the positive view.
While Advance Auto Parts doesn't shine too bright in this respect, it's still worth seeing if the company is trading at attractive prices. You can find that out with our FREE intrinsic value estimation on our platform.
While Advance Auto Parts may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In light of that, when we looked at Advance Auto Parts (NYSE:AAP) and its ROCE trend, we weren't exactly thrilled. NYSE:AAP Return on Capital Employed February 9th 2022 Above you can see how the current ROCE for Advance Auto Parts compares to its prior returns on capital, but there's only so much you can tell from the past. The formula for this calculation on Advance Auto Parts is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$947m ÷ (US$12b - US$5.0b) (Based on the trailing twelve months to October 2021).
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In light of that, when we looked at Advance Auto Parts (NYSE:AAP) and its ROCE trend, we weren't exactly thrilled. NYSE:AAP Return on Capital Employed February 9th 2022 Above you can see how the current ROCE for Advance Auto Parts compares to its prior returns on capital, but there's only so much you can tell from the past. The formula for this calculation on Advance Auto Parts is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$947m ÷ (US$12b - US$5.0b) (Based on the trailing twelve months to October 2021).
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NYSE:AAP Return on Capital Employed February 9th 2022 Above you can see how the current ROCE for Advance Auto Parts compares to its prior returns on capital, but there's only so much you can tell from the past. In light of that, when we looked at Advance Auto Parts (NYSE:AAP) and its ROCE trend, we weren't exactly thrilled. The formula for this calculation on Advance Auto Parts is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$947m ÷ (US$12b - US$5.0b) (Based on the trailing twelve months to October 2021).
|
NYSE:AAP Return on Capital Employed February 9th 2022 Above you can see how the current ROCE for Advance Auto Parts compares to its prior returns on capital, but there's only so much you can tell from the past. In light of that, when we looked at Advance Auto Parts (NYSE:AAP) and its ROCE trend, we weren't exactly thrilled. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
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10999.0
|
2022-02-08 00:00:00 UTC
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A Peek Into Key Predictions Ahead of Magna (MGA) Q4 Earnings
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AAP
|
https://www.nasdaq.com/articles/a-peek-into-key-predictions-ahead-of-magna-mga-q4-earnings
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nan
|
nan
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Magna International MGA is scheduled to report fourth-quarter 2021 results on May 6, before the bell. The Zacks Consensus Estimate for the quarter’s earnings and revenues is pegged at 83 cents per share and $8.94 billion, respectively.
This automotive equipment supplier’s third-quarter 2021 earnings lagged the Zacks Consensus Estimate and witnessed a year-over-year decline. Over the trailing four quarters, Magna surpassed the Zacks Consensus Estimate on two occasions for as many misses, with the average surprise being 8.3%.
Magna International Inc. Price and EPS Surprise
Magna International Inc. price-eps-surprise | Magna International Inc. Quote
Trend in Estimate Revisions
The Zacks Consensus Estimate for Magna’s fourth-quarter earnings per share has witnessed an upward revision of 2 cents in the past 30 days. The bottom-line projection calls for a year-over-year deterioration of 70.6%. Further, the Zacks Consensus Estimate for quarterly revenues suggests a year-over-year decline of 15.4%.
Factors at Play
Magna has been battling chip crunch-related headwinds, which are expected to weigh on fourth-quarter 2021 results. As a result of semiconductor chip shortages, production schedules of Magna’s customers’ have been unpredictable, resulting in labor and other operational inefficiencies at its facilities. Global light vehicle production for the fourth quarter declined 13% year over year. This is anticipated to have reduced the demand for Magna's products during the quarter to be reported, thereby resulting in lower year-over-year revenues across all segments.
The Zacks Consensus Estimate for fourth-quarter revenues and adjusted EBIT from the Body Exteriors & Structures segment is pegged at $3,624 million and $140 million, implying a year-over-year decline of 17.5% and 74.2%, respectively.
The consensus estimate for quarterly revenues and pretax profit from the Complete Vehicles segment stands at $1,504 million and $73 million, indicating a drop of 15% and 38.2%, respectively, on a year-over-year basis.
The Zacks Consensus Estimate for quarterly revenues and adjusted EBIT from the Seating Systems unit is pegged at $1,147 million and $19 million, indicating a decrease of 17.5% and 77.6%, respectively, from a year ago.
The consensus mark for revenues and adjusted EBIT from the Power & Vision unit is pegged at $2,782 million and $112 million, pointing to a year-over-year deterioration of 12.5% and 69%, respectively.
Magna’s upcoming results are likely to be negatively impacted by inflationary cost increases in production inputs including freight, labor and commodities. Elevated capital spending to evolve its business profile for incorporating technologically-advanced new products might have further impaired Magna’s quarterly performance.
Earnings Whispers
Our proven Zacks model does not conclusively predict an earnings beat for Magna this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as elaborated below.
Earnings ESP: The company has an Earnings ESP of +3.03%. This is because the Most Accurate Estimate is pegged 2 cents above the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Magna currently carries a Zacks Rank of 4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
While an earnings beat looks uncertain for Magna, below we highlight three stocks from the auto space, which, according to our model, have the right combination of elements to surpass earnings estimates for the quarter to be reported:
Advance Auto Parts AAP has an Earnings ESP of +1.84% and a Zacks Rank #3. The stock is set to report fourth-quarter 2021 earnings on Feb 14.
The Zacks Consensus Estimate for Advance Auto’s to-be-reported quarter’s earnings and revenues is pegged at $1.95 per share and $2.36 billion, respectively. AAP surpassed earnings estimates in three of the last four quarters and missed once, with an average surprise of 9.01%.
Asbury Automotive ABG has an Earnings ESP of +3.38% and a Zacks Rank #1. The company is set to report fourth-quarter 2021 earnings on Feb 15.
The Zacks Consensus Estimate for Asbury’s to-be-reported quarter’s earnings and revenues is pegged at $5.86 per share and $2.45 billion, respectively. ABG surpassed earnings estimates in the last four quarters, with an average of 24.3%.
Sonic Automotive SAH has an Earnings ESP of +8.11% and a Zacks Rank #1. The company is set to report fourth-quarter 2021 earnings on Feb 16.
The Zacks Consensus Estimate for Sonic’s to-be-reported quarter’s earnings and revenues is pegged at $1.85 per share and $3.20 billion, respectively. SAH surpassed earnings estimates in the last four quarters, with an average of 25.4%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Magna International Inc. (MGA): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
Sonic Automotive, Inc. (SAH): Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider While an earnings beat looks uncertain for Magna, below we highlight three stocks from the auto space, which, according to our model, have the right combination of elements to surpass earnings estimates for the quarter to be reported: Advance Auto Parts AAP has an Earnings ESP of +1.84% and a Zacks Rank #3. AAP surpassed earnings estimates in three of the last four quarters and missed once, with an average surprise of 9.01%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Stocks to Consider While an earnings beat looks uncertain for Magna, below we highlight three stocks from the auto space, which, according to our model, have the right combination of elements to surpass earnings estimates for the quarter to be reported: Advance Auto Parts AAP has an Earnings ESP of +1.84% and a Zacks Rank #3. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AAP surpassed earnings estimates in three of the last four quarters and missed once, with an average surprise of 9.01%.
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Stocks to Consider While an earnings beat looks uncertain for Magna, below we highlight three stocks from the auto space, which, according to our model, have the right combination of elements to surpass earnings estimates for the quarter to be reported: Advance Auto Parts AAP has an Earnings ESP of +1.84% and a Zacks Rank #3. AAP surpassed earnings estimates in three of the last four quarters and missed once, with an average surprise of 9.01%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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Stocks to Consider While an earnings beat looks uncertain for Magna, below we highlight three stocks from the auto space, which, according to our model, have the right combination of elements to surpass earnings estimates for the quarter to be reported: Advance Auto Parts AAP has an Earnings ESP of +1.84% and a Zacks Rank #3. AAP surpassed earnings estimates in three of the last four quarters and missed once, with an average surprise of 9.01%. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
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