Valued at a market cap of $64.1 billion, AutoZone, Inc. (AZO) retails and distributes automotive alternative components and equipment. The Memphis, Tennessee-based firm offers numerous merchandise for automobiles, sport utility autos, vans, and light-weight vans, together with new and remanufactured automotive exhausting components, upkeep objects, equipment, and non-automotive merchandise. It’s anticipated to announce its fiscal This fall earnings for 2025 on Tuesday, Sept. 23.
Forward of this occasion, analysts undertaking this automotive alternative components firm to report a revenue of $51.42 per share, up 6.9% from $48.11 per share within the year-ago quarter. The corporate has missed Wall Road’s bottom-line estimates in every of the final 4 quarters. Its earnings of $35.36 per share in Q3 fell wanting the consensus estimates by 3.9%.
For the total 12 months, analysts anticipate AZO’s EPS to be $147.67, up 1.1% from $146.14 per share in fiscal 2024. Its EPS is anticipated to additional develop 14.2% year-over-year (YoY) to $168.64 in fiscal 2026.
Shares of AutoZone have outpaced the S&P 500 Index’s ($SPX) 17.1% return over the previous 52 weeks, with its shares up 22.9% over the identical time-frame. Nonetheless, it has lagged behind the Shopper Discretionary Choose Sector SPDR Fund’s (XLY) 23.9% uptick over the identical interval.
AutoZone’s shares plunged 3.4% on Might 27, after it delivered its Q3 earnings outcomes. Whereas its income rose 5.4% YoY to $4.5 billion, beating estimates, web earnings slipped 3.6% yearly to $35.36 per share, lacking the mark by 3.9% – signaling a blended bag of development and strain. Regardless of the top-line development, greater prices of gross sales and elevated working bills weighed on its profitability, dampening investor confidence.
Wall Road analysts are extremely optimistic about AZO’s inventory, with an total “Robust Purchase” ranking. Amongst 26 analysts protecting the inventory, 21 suggest a “Robust Purchase,” two point out a “Reasonable Purchase,” and three advise a “Maintain.” The imply worth goal for AZO is $4,125.46, indicating an 8.7% potential upside from the present ranges.
On the date of publication, Neharika Jain didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions. This text was initially revealed on Barchart.com
