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AutoZone (AZO) Advances While Market Declines: Some Information for Investors
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AutoZone (AZO - Free Report) ended the recent trading session at $3,117.14, demonstrating a +1.88% change from the preceding day's closing price. This change outpaced the S&P 500's 1.09% loss on the day. Elsewhere, the Dow saw a downswing of 0.34%, while the tech-heavy Nasdaq depreciated by 2.15%.
The auto parts retailer's stock has climbed by 7.57% in the past month, exceeding the Retail-Wholesale sector's gain of 3.71% and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of AutoZone in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $36.41, marking a 17.3% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.95 billion, reflecting a 7.01% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $171.5 per share and a revenue of $21.86 billion, signifying shifts of +12.42% and +7.48%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.26% lower within the past month. AutoZone currently has a Zacks Rank of #3 (Hold).
In the context of valuation, AutoZone is at present trading with a Forward P/E ratio of 17.84. This signifies a premium in comparison to the average Forward P/E of 17.13 for its industry.
We can also see that AZO currently has a PEG ratio of 1.42. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Automotive - Retail and Wholesale - Parts industry held an average PEG ratio of 1.69.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 45, positioning it in the top 19% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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AutoZone (AZO) Advances While Market Declines: Some Information for Investors
AutoZone (AZO - Free Report) ended the recent trading session at $3,117.14, demonstrating a +1.88% change from the preceding day's closing price. This change outpaced the S&P 500's 1.09% loss on the day. Elsewhere, the Dow saw a downswing of 0.34%, while the tech-heavy Nasdaq depreciated by 2.15%.
The auto parts retailer's stock has climbed by 7.57% in the past month, exceeding the Retail-Wholesale sector's gain of 3.71% and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of AutoZone in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $36.41, marking a 17.3% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.95 billion, reflecting a 7.01% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $171.5 per share and a revenue of $21.86 billion, signifying shifts of +12.42% and +7.48%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.26% lower within the past month. AutoZone currently has a Zacks Rank of #3 (Hold).
In the context of valuation, AutoZone is at present trading with a Forward P/E ratio of 17.84. This signifies a premium in comparison to the average Forward P/E of 17.13 for its industry.
We can also see that AZO currently has a PEG ratio of 1.42. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Automotive - Retail and Wholesale - Parts industry held an average PEG ratio of 1.69.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 45, positioning it in the top 19% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.