Advance Auto Parts (NYSE: AAP) is slated to release first-quarter 2024 results on May 29, before market open. The Zacks Consensus Estimate for earnings per share and revenues is pegged at 69 cents and $3.43 billion, respectively. The consensus estimate for AAP's EPS has moved down 23 cents in the past 60 days. The bottom-line estimate implies a deterioration of 4.17% from the year-ago reported number. The Zacks Consensus Estimate for revenues indicates a year-over-year rise of 0.46%. AAP's earnings missed estimates in each of the trailing four quarters, delivering an average negative surprise of 148.19%. This is depicted in the graph below. Advance Auto Parts, Inc. Price and EPS Surprise Advance Auto Parts, Inc. price-eps-surprise | Advance Auto Parts, Inc. Quote Q4 Highlights Advance Auto incurred an adjusted loss of 59 cents per share in fourth-quarter 2023 against adjusted earnings of $2.88 per share in the year-ago quarter. The reported figure missed the Zacks Consensus Estimate of earnings of 24 cents per share. The company generated net revenues of $2.46 billion, which missed the consensus estimate of $2.47 billion and fell 0.4% year over year. Comparable store sales decreased 1.4%. Factors to Note Advance Auto's current supply-chain network suffers from inefficiencies stemming from its dual distribution center set up for the legacy Carquest and Advance businesses. This disjointed structure leads to increased operational costs and inventory ...