Wall Street Analysts Adjust Advance Auto Parts Expectations Ahead of Q2 Earnings

Advance Auto Parts, Inc. is set to release its second-quarter financial results before the market opens on Thursday, August 20.

Analysts expect the Raleigh, North Carolina-based company to report quarterly earnings per share of 81 cents, up from 69 cents in the same period last year. The consensus revenue estimate for AAP's quarter stands at $2.04 billion, compared to $2.01 billion in the year-ago period.

On May 21, Advance Auto Parts reported better-than-expected first-quarter financial results.

Advance Auto Parts shares fell 1.4% on Wednesday, closing at $56.18. Readers can view the latest analyst ratings on the analyst stock ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change, or other variables.

Let's take a look at how the most accurate analysts have recently rated the company.

Citigroup analyst Steven Zaccone maintained a Neutral rating on August 13, lowering the price target from $60 to $57. The analyst has an accuracy rate of 53%.

RBC Capital analyst Steven Shemesh maintained a Sector Perform rating on August 13, raising the price target from $65 to $67. The analyst has an accuracy rate of 60%.

Evercore ISI Group analyst Greg Melich maintained an In-Line rating on August 4, lowering the price target from $70 to $65. The analyst has an accuracy rate of 73%.

Wells Fargo analyst Zachary Fadem maintained an Equal-Weight rating on May 22, raising the price target from $50 to $60. The analyst has an accuracy rate of 78%.

Truist Securities analyst Scott Ciccarelli maintained a Hold rating on May 22, raising the price target from $55 to $62. The analyst has an accuracy rate of 75%.

Considering buying AAP stock? Here's what analysts think.