Advance Auto Parts, Inc. (AAP) is expected to report net income of $159.2 million, or $2.22 a share, on sales of $2.4 billion before the market opens on Tuesday, based on a FactSet survey of 20 analysts.
In the same period a year ago, the company posted earnings of $1.97 a share on sales of $2.3 billion. It reported net income of $136.7 million.
The stock has fallen 13.2% since the company last reported earnings on May. 22.
Quarterly estimates have fallen 2.1 cents a share in the past month.
Advance Auto Parts is currently trading at a price-to-forward-earnings ratio of 15.8 based on the 12-month estimates of 22 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting net income of $150.5 million, or $2.10 a share, on sales of $2.3 billion.
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