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) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
The most recent trading session ended with AutoZone (AZO - Free Report) standing at $3,609.65, reflecting a -1.16% shift from the previouse trading day's closing. This change lagged the S&P 500's 2.03% gain on the day. Meanwhile, the Dow gained 1.23%, and the Nasdaq, a tech-heavy index, added 2.74%.
The auto parts retailer's shares have seen a decrease of 0.8% over the last month, surpassing the Retail-Wholesale sector's loss of 2.36% and the S&P 500's loss of 5.07%.
Analysts and investors alike will be keeping a close eye on the performance of AutoZone in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $37.07, reflecting a 1.04% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.41 billion, up 4.17% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $150.14 per share and a revenue of $18.82 billion, signifying shifts of +2.74% and +1.78%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for AutoZone. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% lower. Right now, AutoZone possesses a Zacks Rank of #4 (Sell).
Investors should also note AutoZone's current valuation metrics, including its Forward P/E ratio of 24.32. This signifies a premium in comparison to the average Forward P/E of 20.31 for its industry.
It's also important to note that AZO currently trades at a PEG ratio of 2.06. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Automotive - Retail and Wholesale - Parts industry had an average PEG ratio of 1.57.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 214, this industry ranks in the bottom 14% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AutoZone (AZO) Stock Slides as Market Rises: Facts to Know Before You Trade
The most recent trading session ended with AutoZone (AZO - Free Report) standing at $3,609.65, reflecting a -1.16% shift from the previouse trading day's closing. This change lagged the S&P 500's 2.03% gain on the day. Meanwhile, the Dow gained 1.23%, and the Nasdaq, a tech-heavy index, added 2.74%.
The auto parts retailer's shares have seen a decrease of 0.8% over the last month, surpassing the Retail-Wholesale sector's loss of 2.36% and the S&P 500's loss of 5.07%.
Analysts and investors alike will be keeping a close eye on the performance of AutoZone in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $37.07, reflecting a 1.04% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.41 billion, up 4.17% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $150.14 per share and a revenue of $18.82 billion, signifying shifts of +2.74% and +1.78%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for AutoZone. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% lower. Right now, AutoZone possesses a Zacks Rank of #4 (Sell).
Investors should also note AutoZone's current valuation metrics, including its Forward P/E ratio of 24.32. This signifies a premium in comparison to the average Forward P/E of 20.31 for its industry.
It's also important to note that AZO currently trades at a PEG ratio of 2.06. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Automotive - Retail and Wholesale - Parts industry had an average PEG ratio of 1.57.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 214, this industry ranks in the bottom 14% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.