What's Happening with aap
Advance Auto Parts, Inc. (AAP) is scheduled to report Quarter 2 numbers before the market open on August 24. Analysts forecast earnings of $0.29 per share for the quarter. During the same period last year the company earned $0.22, and the stock is up 33.2% on the year.
Technical Analysis
AAP was recently trading at $209.75 down $7.94 from its 12-month high and $67.29 above its 12-month low. InvestorsObserver gives AAP a 80 long-term technical score and a 77 short-term technical score. The stock has recent support above $206.39 and recent resistance below $210.14. Of the 15 analysts who cover the stock 8 rate it Strong Buy, 2 rate it Buy, 4 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, AAP gets an overall score of 72 from InvestorsObserver.
Analysts' Thoughts
AAP has shown annual earnings growth of -3.23% over the last five years, and looking ahead analysts expect the company to grow profits 13.70% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $0.29 EPS. AAP is currently trading at $209.75 with an average price target of $222.47.