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Benzinga
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Advance Auto Parts Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. AAP's expected Q2 earnings: 58 cents vs. 75 cents last year. 2. Projected revenue of $1.97 billion, down from $2.68 billion YoY. 3. Company issued $1.95 billion in senior notes due in 2030 and 2033. 4. Stock rose 4.6% to $61.81 before earnings release announcement. 5. Analysts' ratings mixed; price targets range from $35 to $65.

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FAQ

Why Bearish?

Expected lower earnings and revenue may negatively affect investor sentiment, indicating potential challenges. Historical earnings misses often lead to stock price declines, as seen previously with similar companies in the sector.

How important is it?

The impending earnings report directly influences investor expectations, and analyst price target changes can sway market perception significantly.

Why Short Term?

The upcoming earnings report could trigger immediate reactions in the stock price. Earnings results typically have swift market impacts.

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