We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AutoZone (AZO) Stock Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
In the latest close session, AutoZone (AZO - Free Report) was down 1.53% at $3,968.57. This change lagged the S&P 500's 1.07% gain on the day. Elsewhere, the Dow gained 1.12%, while the tech-heavy Nasdaq added 1.37%.
Shares of the auto parts retailer have depreciated by 2.66% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 5.23%, and lagging the S&P 500's gain of 1.08%.
The investment community will be paying close attention to the earnings performance of AutoZone in its upcoming release. The company is expected to report EPS of $32.27, down 0.77% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.62 billion, indicating a 7.98% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $153.38 per share and revenue of $20.36 billion. These totals would mark changes of +5.87% and +7.5%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AutoZone. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 9.03% lower within the past month. As of now, AutoZone holds a Zacks Rank of #4 (Sell).
With respect to valuation, AutoZone is currently being traded at a Forward P/E ratio of 26.28. This signifies a premium in comparison to the average Forward P/E of 18.52 for its industry.
It's also important to note that AZO currently trades at a PEG ratio of 1.9. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Automotive - Retail and Wholesale - Parts stocks are, on average, holding a PEG ratio of 1.37 based on yesterday's closing prices.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 184, positioning it in the bottom 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AutoZone (AZO) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, AutoZone (AZO - Free Report) was down 1.53% at $3,968.57. This change lagged the S&P 500's 1.07% gain on the day. Elsewhere, the Dow gained 1.12%, while the tech-heavy Nasdaq added 1.37%.
Shares of the auto parts retailer have depreciated by 2.66% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 5.23%, and lagging the S&P 500's gain of 1.08%.
The investment community will be paying close attention to the earnings performance of AutoZone in its upcoming release. The company is expected to report EPS of $32.27, down 0.77% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.62 billion, indicating a 7.98% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $153.38 per share and revenue of $20.36 billion. These totals would mark changes of +5.87% and +7.5%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AutoZone. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 9.03% lower within the past month. As of now, AutoZone holds a Zacks Rank of #4 (Sell).
With respect to valuation, AutoZone is currently being traded at a Forward P/E ratio of 26.28. This signifies a premium in comparison to the average Forward P/E of 18.52 for its industry.
It's also important to note that AZO currently trades at a PEG ratio of 1.9. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Automotive - Retail and Wholesale - Parts stocks are, on average, holding a PEG ratio of 1.37 based on yesterday's closing prices.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 184, positioning it in the bottom 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.