We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
For the quarter ended November 2023, AutoZone (AZO - Free Report) reported revenue of $4.19 billion, up 5.2% over the same period last year. EPS came in at $32.55, compared to $27.45 in the year-ago quarter.
The reported revenue represents a surprise of +0.44% over the Zacks Consensus Estimate of $4.17 billion. With the consensus EPS estimate being $31.01, the EPS surprise was +4.97%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how AutoZone performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same store sales - Domestic - YoY change: 1.2% versus the seven-analyst average estimate of 2.3%.
Square footage - Total: 48,062 Ksq ft versus the three-analyst average estimate of 48,179.29 Ksq ft.
Square footage per store: 6,708 thousand compared to the 6,710.65 thousand average estimate based on three analysts.
Total Auto-Zone Store: 7,165 versus the three-analyst average estimate of 7,180.
Number of stores - Domestic: 6,316 versus 6,328 estimated by three analysts on average.
Sales per average square foot: $86 thousand compared to the $86.19 thousand average estimate based on two analysts.
Sales per average store: $575 thousand versus $572.93 thousand estimated by two analysts on average.
Number of stores - Opened-Mexico: 5 compared to the 6 average estimate based on two analysts.
Number of stores - Opened-Domestic: 17 versus the two-analyst average estimate of 30.
Net Sales- Auto Parts: $4.12 billion versus $4.10 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.1% change.
Net Sales- All Other: $74.58 million versus $73.42 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.
Net Sales- Domestic Commercial sales: $1.09 billion compared to the $1.10 billion average estimate based on three analysts. The reported number represents a change of +5.7% year over year.
Shares of AutoZone have returned +2.2% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AutoZone (AZO) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended November 2023, AutoZone (AZO - Free Report) reported revenue of $4.19 billion, up 5.2% over the same period last year. EPS came in at $32.55, compared to $27.45 in the year-ago quarter.
The reported revenue represents a surprise of +0.44% over the Zacks Consensus Estimate of $4.17 billion. With the consensus EPS estimate being $31.01, the EPS surprise was +4.97%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how AutoZone performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Same store sales - Domestic - YoY change: 1.2% versus the seven-analyst average estimate of 2.3%.
- Square footage - Total: 48,062 Ksq ft versus the three-analyst average estimate of 48,179.29 Ksq ft.
- Square footage per store: 6,708 thousand compared to the 6,710.65 thousand average estimate based on three analysts.
- Total Auto-Zone Store: 7,165 versus the three-analyst average estimate of 7,180.
- Number of stores - Domestic: 6,316 versus 6,328 estimated by three analysts on average.
- Sales per average square foot: $86 thousand compared to the $86.19 thousand average estimate based on two analysts.
- Sales per average store: $575 thousand versus $572.93 thousand estimated by two analysts on average.
- Number of stores - Opened-Mexico: 5 compared to the 6 average estimate based on two analysts.
- Number of stores - Opened-Domestic: 17 versus the two-analyst average estimate of 30.
- Net Sales- Auto Parts: $4.12 billion versus $4.10 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.1% change.
- Net Sales- All Other: $74.58 million versus $73.42 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.
- Net Sales- Domestic Commercial sales: $1.09 billion compared to the $1.10 billion average estimate based on three analysts. The reported number represents a change of +5.7% year over year.
View all Key Company Metrics for AutoZone here>>>Shares of AutoZone have returned +2.2% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.