Aap stock price forecast recent earnings beats have slightly

Recent earnings beats have slightly adjusted the aap stock price forecast upward, with consensus predicting mid-single-digit revenue gains by year-end The investment community will be paying close attention to the earnings performance of Advance Auto Parts in its upcoming release. The company is forecasted to report an EPS of $0.24, showcasing a 91.67% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $2.47 billion, down 0.2% from the year-ago period. Capital return will be a critical factor in this retail stock rebound because it was crucial to the stock price decline. The company boldly announced it had begun a series of aggressive dividend increases in 2020, only to fall flat a few years later. The struggle with growth, operational quality, and rising costs led to an 85% cut still in place. Wall Street’s latest models show the aap stock price forecast leaning bullish, supported by revised EBITDA targets for FY