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AutoZone (AZO) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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Wall Street analysts expect AutoZone (AZO - Free Report) to post quarterly earnings of $54.97 per share in its upcoming report, which indicates a year-over-year increase of 12.9%. Revenues are expected to be $6.71 billion, up 7.5% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific AutoZone metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Net Sales- Domestic Commercial sales' stands at $1.95 billion. The estimate suggests a change of +10.6% year over year.
The consensus among analysts is that 'Same store sales - Domestic - YoY change' will reach 3.7%. Compared to the current estimate, the company reported 4.8% in the same quarter of the previous year.
Analysts predict that the 'Total Same Store Sales (Constant Currency)' will reach 3.6%. Compared to the current estimate, the company reported 5.1% in the same quarter of the previous year.
It is projected by analysts that the 'Square footage - Total' will reach 54495 thousands of square feet. Compared to the current estimate, the company reported 51818 thousands of square feet in the same quarter of the previous year.
Analysts expect 'Square footage per store' to come in at 6.80 million. Compared to the present estimate, the company reported 6.77 million in the same quarter last year.
Analysts' assessment points toward 'Total Auto-Zone Store' reaching 8,017 . Compared to the current estimate, the company reported 7,657 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Number of stores - Domestic' of 6,869 . The estimate compares to the year-ago value of 6,627 .
Analysts forecast 'Sales per average square foot' to reach $124.73 thousand. Compared to the present estimate, the company reported $122.00 thousand in the same quarter last year.
The combined assessment of analysts suggests that 'Sales per average store' will likely reach $845.01 thousand. The estimate compares to the year-ago value of $823.00 thousand.
According to the collective judgment of analysts, 'Number of stores - Opened-Brazil' should come in at 13 . Compared to the current estimate, the company reported 6 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Number of stores - Opened-Mexico' should arrive at 45 . The estimate is in contrast to the year-ago figure of 45 .
The average prediction of analysts places 'Number of stores - Opened-Domestic' at 100 . Compared to the present estimate, the company reported 91 in the same quarter last year.
Over the past month, shares of AutoZone have returned -7.4% versus the Zacks S&P 500 composite's -2.9% change. Currently, AZO carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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AutoZone (AZO) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts expect AutoZone (AZO - Free Report) to post quarterly earnings of $54.97 per share in its upcoming report, which indicates a year-over-year increase of 12.9%. Revenues are expected to be $6.71 billion, up 7.5% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific AutoZone metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Net Sales- Domestic Commercial sales' stands at $1.95 billion. The estimate suggests a change of +10.6% year over year.
The consensus among analysts is that 'Same store sales - Domestic - YoY change' will reach 3.7%. Compared to the current estimate, the company reported 4.8% in the same quarter of the previous year.
Analysts predict that the 'Total Same Store Sales (Constant Currency)' will reach 3.6%. Compared to the current estimate, the company reported 5.1% in the same quarter of the previous year.
It is projected by analysts that the 'Square footage - Total' will reach 54495 thousands of square feet. Compared to the current estimate, the company reported 51818 thousands of square feet in the same quarter of the previous year.
Analysts expect 'Square footage per store' to come in at 6.80 million. Compared to the present estimate, the company reported 6.77 million in the same quarter last year.
Analysts' assessment points toward 'Total Auto-Zone Store' reaching 8,017 . Compared to the current estimate, the company reported 7,657 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Number of stores - Domestic' of 6,869 . The estimate compares to the year-ago value of 6,627 .
Analysts forecast 'Sales per average square foot' to reach $124.73 thousand. Compared to the present estimate, the company reported $122.00 thousand in the same quarter last year.
The combined assessment of analysts suggests that 'Sales per average store' will likely reach $845.01 thousand. The estimate compares to the year-ago value of $823.00 thousand.
According to the collective judgment of analysts, 'Number of stores - Opened-Brazil' should come in at 13 . Compared to the current estimate, the company reported 6 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Number of stores - Opened-Mexico' should arrive at 45 . The estimate is in contrast to the year-ago figure of 45 .
The average prediction of analysts places 'Number of stores - Opened-Domestic' at 100 . Compared to the present estimate, the company reported 91 in the same quarter last year.
View all Key Company Metrics for AutoZone here>>>Over the past month, shares of AutoZone have returned -7.4% versus the Zacks S&P 500 composite's -2.9% change. Currently, AZO carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .