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AutoZone (AZO) Stock Drops Despite Market Gains: Important Facts to Note
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AutoZone (AZO - Free Report) closed the most recent trading day at $3,489.29, moving -1.33% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.26% for the day. Elsewhere, the Dow saw an upswing of 0.24%, while the tech-heavy Nasdaq appreciated by 0.36%.
The stock of auto parts retailer has risen by 5.19% in the past month, lagging the Retail-Wholesale sector's gain of 7.33% and the S&P 500's gain of 5.98%.
The upcoming earnings release of AutoZone will be of great interest to investors. The company's earnings report is expected on May 26, 2026. The company's earnings per share (EPS) are projected to be $36.09, reflecting a 2.06% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $4.86 billion, indicating a 8.8% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $149.27 per share and revenue of $20.53 billion, which would represent changes of +3.04% and +8.38%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for AutoZone. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.1% higher. AutoZone is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, AutoZone currently has a Forward P/E ratio of 23.69. This signifies a premium in comparison to the average Forward P/E of 18.4 for its industry.
We can additionally observe that AZO currently boasts a PEG ratio of 1.81. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. AZO's industry had an average PEG ratio of 1.44 as of yesterday's close.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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AutoZone (AZO) Stock Drops Despite Market Gains: Important Facts to Note
AutoZone (AZO - Free Report) closed the most recent trading day at $3,489.29, moving -1.33% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.26% for the day. Elsewhere, the Dow saw an upswing of 0.24%, while the tech-heavy Nasdaq appreciated by 0.36%.
The stock of auto parts retailer has risen by 5.19% in the past month, lagging the Retail-Wholesale sector's gain of 7.33% and the S&P 500's gain of 5.98%.
The upcoming earnings release of AutoZone will be of great interest to investors. The company's earnings report is expected on May 26, 2026. The company's earnings per share (EPS) are projected to be $36.09, reflecting a 2.06% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $4.86 billion, indicating a 8.8% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $149.27 per share and revenue of $20.53 billion, which would represent changes of +3.04% and +8.38%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for AutoZone. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.1% higher. AutoZone is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, AutoZone currently has a Forward P/E ratio of 23.69. This signifies a premium in comparison to the average Forward P/E of 18.4 for its industry.
We can additionally observe that AZO currently boasts a PEG ratio of 1.81. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. AZO's industry had an average PEG ratio of 1.44 as of yesterday's close.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.