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) Rises But Trails Market: What Investors Should Know
Read MoreHide Full Article
AutoZone (AZO - Free Report) ended the recent trading session at $3,427.55, demonstrating a +0.22% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.67%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.98%.
Shares of the auto parts retailer have appreciated by 5.19% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 7.15% and outperforming the S&P 500's gain of 2.07%.
Investors will be eagerly watching for the performance of AutoZone in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on March 4, 2025. The company is expected to report EPS of $29.11, up 0.76% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.98 billion, up 3.13% from the year-ago period.
AZO's full-year Zacks Consensus Estimates are calling for earnings of $152.94 per share and revenue of $18.79 billion. These results would represent year-over-year changes of +4.65% and +1.63%, respectively.
It is also important to note the recent changes to analyst estimates for AutoZone. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% lower. AutoZone is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, AutoZone is at present trading with a Forward P/E ratio of 22.36. For comparison, its industry has an average Forward P/E of 25.02, which means AutoZone is trading at a discount to the group.
One should further note that AZO currently holds a PEG ratio of 1.89. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Automotive - Retail and Wholesale - Parts stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AZO in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AutoZone (AZO) Rises But Trails Market: What Investors Should Know
AutoZone (AZO - Free Report) ended the recent trading session at $3,427.55, demonstrating a +0.22% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.67%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.98%.
Shares of the auto parts retailer have appreciated by 5.19% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 7.15% and outperforming the S&P 500's gain of 2.07%.
Investors will be eagerly watching for the performance of AutoZone in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on March 4, 2025. The company is expected to report EPS of $29.11, up 0.76% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.98 billion, up 3.13% from the year-ago period.
AZO's full-year Zacks Consensus Estimates are calling for earnings of $152.94 per share and revenue of $18.79 billion. These results would represent year-over-year changes of +4.65% and +1.63%, respectively.
It is also important to note the recent changes to analyst estimates for AutoZone. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% lower. AutoZone is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, AutoZone is at present trading with a Forward P/E ratio of 22.36. For comparison, its industry has an average Forward P/E of 25.02, which means AutoZone is trading at a discount to the group.
One should further note that AZO currently holds a PEG ratio of 1.89. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Automotive - Retail and Wholesale - Parts stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AZO in the coming trading sessions, be sure to utilize Zacks.com.