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.
Why AutoZone (AZO) Dipped More Than Broader Market Today
Read MoreHide Full Article
In the latest close session, AutoZone (AZO - Free Report) was down 1.06% at $2,951.61. This change lagged the S&P 500's daily loss of 0.58%. Elsewhere, the Dow saw a downswing of 1.18%, while the tech-heavy Nasdaq depreciated by 0.32%.
The auto parts retailer's stock has dropped by 2.76% in the past month, exceeding the Retail-Wholesale sector's loss of 5.84% and lagging the S&P 500's loss of 0.36%.
Market participants will be closely following the financial results of AutoZone in its upcoming release. The company plans to announce its earnings on September 22, 2026. The company's earnings per share (EPS) are projected to be $54.97, reflecting a 12.85% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $6.71 billion, indicating a 7.52% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $150.98 per share and revenue of $20.48 billion, indicating changes of +4.22% and +8.13%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for AutoZone. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has shifted 0.08% downward. Currently, AutoZone is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, AutoZone is currently trading at a Forward P/E ratio of 17. This represents a discount compared to its industry average Forward P/E of 17.43.
Also, we should mention that AZO has a PEG ratio of 1.49. 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. As of the close of trade yesterday, the Automotive - Retail and Wholesale - Parts industry held an average PEG ratio of 2.18.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 71, positioning it in the top 29% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Why AutoZone (AZO) Dipped More Than Broader Market Today
In the latest close session, AutoZone (AZO - Free Report) was down 1.06% at $2,951.61. This change lagged the S&P 500's daily loss of 0.58%. Elsewhere, the Dow saw a downswing of 1.18%, while the tech-heavy Nasdaq depreciated by 0.32%.
The auto parts retailer's stock has dropped by 2.76% in the past month, exceeding the Retail-Wholesale sector's loss of 5.84% and lagging the S&P 500's loss of 0.36%.
Market participants will be closely following the financial results of AutoZone in its upcoming release. The company plans to announce its earnings on September 22, 2026. The company's earnings per share (EPS) are projected to be $54.97, reflecting a 12.85% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $6.71 billion, indicating a 7.52% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $150.98 per share and revenue of $20.48 billion, indicating changes of +4.22% and +8.13%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for AutoZone. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has shifted 0.08% downward. Currently, AutoZone is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, AutoZone is currently trading at a Forward P/E ratio of 17. This represents a discount compared to its industry average Forward P/E of 17.43.
Also, we should mention that AZO has a PEG ratio of 1.49. 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. As of the close of trade yesterday, the Automotive - Retail and Wholesale - Parts industry held an average PEG ratio of 2.18.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 71, positioning it in the top 29% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.