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AutoZone (AZO) Gains But Lags Market: What You Should Know
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In the latest trading session, AutoZone (AZO - Free Report) closed at $2,196.79, marking a +1.02% move from the previous day. This change lagged the S&P 500's 1.61% gain on the day. Meanwhile, the Dow gained 1.45%, and the Nasdaq, a tech-heavy index, added 0.36%.
Heading into today, shares of the auto parts retailer had gained 12.17% over the past month, outpacing the Retail-Wholesale sector's loss of 3.96% and the S&P 500's loss of 1.42% in that time.
Investors will be hoping for strength from AutoZone as it approaches its next earnings release. In that report, analysts expect AutoZone to post earnings of $25.78 per share. This would mark a year-over-year decline of 2.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.71 billion, up 1.59% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $111.68 per share and revenue of $15.86 billion. These totals would mark changes of +17.32% and +8.44%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AutoZone. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.41% higher. AutoZone currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, AutoZone is holding a Forward P/E ratio of 19.47. Its industry sports an average Forward P/E of 17.66, so we one might conclude that AutoZone is trading at a premium comparatively.
Meanwhile, AZO's PEG ratio is currently 1.72. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Retail and Wholesale - Parts was holding an average PEG ratio of 1.49 at yesterday's closing price.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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) Gains But Lags Market: What You Should Know
In the latest trading session, AutoZone (AZO - Free Report) closed at $2,196.79, marking a +1.02% move from the previous day. This change lagged the S&P 500's 1.61% gain on the day. Meanwhile, the Dow gained 1.45%, and the Nasdaq, a tech-heavy index, added 0.36%.
Heading into today, shares of the auto parts retailer had gained 12.17% over the past month, outpacing the Retail-Wholesale sector's loss of 3.96% and the S&P 500's loss of 1.42% in that time.
Investors will be hoping for strength from AutoZone as it approaches its next earnings release. In that report, analysts expect AutoZone to post earnings of $25.78 per share. This would mark a year-over-year decline of 2.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.71 billion, up 1.59% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $111.68 per share and revenue of $15.86 billion. These totals would mark changes of +17.32% and +8.44%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AutoZone. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.41% higher. AutoZone currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, AutoZone is holding a Forward P/E ratio of 19.47. Its industry sports an average Forward P/E of 17.66, so we one might conclude that AutoZone is trading at a premium comparatively.
Meanwhile, AZO's PEG ratio is currently 1.72. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Retail and Wholesale - Parts was holding an average PEG ratio of 1.49 at yesterday's closing price.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.