In the latest trading session, AutoZone (AZO) closed at $2,858.78, marking a -3.6% move from the previous day. This move lagged the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.78%.
The auto parts retailer's stock has dropped by 1.78% in the past month, exceeding the Retail-Wholesale sector's loss of 5.39% and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of AutoZone in its upcoming release. The company plans to announce its earnings on September 22, 2026. It is anticipated that the company will report an EPS of $54.97, marking a 12.85% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.71 billion, indicating a 7.52% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $150.98 per share and a revenue of $20.48 billion, indicating changes of +4.22% and +8.13%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AutoZone. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. AutoZone is currently a Zacks Rank #4 (Sell).
Investors should also note AutoZone's current valuation metrics, including its Forward P/E ratio of 16.9. This denotes a discount relative to the industry average Forward P/E of 17.07.
It's also important to note that AZO currently trades at a PEG ratio of 1.48. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Automotive - Retail and Wholesale - Parts industry held an average PEG ratio of 2.07.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 75, this industry ranks in the top 31% of all industries, numbering over 250.
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.
To follow AZO in the coming trading sessions, be sure to utilize Zacks.com.
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AutoZone, Inc. (AZO): Free Stock Analysis Report
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