AutoZone (AZO - Free Report) closed the most recent trading day at $2,062.49, moving +1.4% from the previous trading session. This change outpaced the S&P 500's 0.1% loss on the day. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.47%.
Coming into today, shares of the auto parts retailer had gained 2.27% in the past month. In that same time, the Retail-Wholesale sector lost 0.65%, while the S&P 500 gained 3.67%.
AutoZone will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $17.94, up 20.16% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.17 billion, up 8.74% from the year-ago period.
AZO's full-year Zacks Consensus Estimates are calling for earnings of $107.35 per share and revenue of $15.54 billion. These results would represent year-over-year changes of +12.77% and +6.19%, respectively.
Investors might also notice recent changes to analyst estimates for AutoZone. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 9.57% higher within the past month. AutoZone is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, AutoZone is currently trading at a Forward P/E ratio of 18.95. Its industry sports an average Forward P/E of 18.37, so we one might conclude that AutoZone is trading at a premium comparatively.
We can also see that AZO currently has a PEG ratio of 1.71. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AZO's industry had an average PEG ratio of 1.35 as of yesterday's close.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 13, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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AutoZone (AZO - Free Report) closed the most recent trading day at $2,062.49, moving +1.4% from the previous trading session. This change outpaced the S&P 500's 0.1% loss on the day. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.47%.
Coming into today, shares of the auto parts retailer had gained 2.27% in the past month. In that same time, the Retail-Wholesale sector lost 0.65%, while the S&P 500 gained 3.67%.
AutoZone will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $17.94, up 20.16% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.17 billion, up 8.74% from the year-ago period.
AZO's full-year Zacks Consensus Estimates are calling for earnings of $107.35 per share and revenue of $15.54 billion. These results would represent year-over-year changes of +12.77% and +6.19%, respectively.
Investors might also notice recent changes to analyst estimates for AutoZone. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 9.57% higher within the past month. AutoZone is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, AutoZone is currently trading at a Forward P/E ratio of 18.95. Its industry sports an average Forward P/E of 18.37, so we one might conclude that AutoZone is trading at a premium comparatively.
We can also see that AZO currently has a PEG ratio of 1.71. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AZO's industry had an average PEG ratio of 1.35 as of yesterday's close.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 13, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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