AutoZone (AZO) to Release Earnings on Tuesday

AutoZone (NYSE:AZO) will likely be releasing its earnings data before the market opens on Tuesday, March 4th. Analysts expect AutoZone to post earnings of $29.11 per share and revenue of $3.98 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the company earned $32.55 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts expect AutoZone to post $153 EPS for the current fiscal year and $173 EPS for the next fiscal year.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,484.56 on Monday. AutoZone has a one year low of $2,728.97 and a one year high of $3,500.00. The business’s fifty day moving average price is $3,336.73 and its 200-day moving average price is $3,217.34. The stock has a market capitalization of $58.48 billion, a PE ratio of 23.28, a P/E/G ratio of 1.86 and a beta of 0.70.

Wall Street Analysts Forecast Growth

AZO has been the topic of a number of analyst reports. Truist Financial boosted their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets initiated coverage on AutoZone in a research note on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price objective on the stock. Guggenheim boosted their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup boosted their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Mizuho boosted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,442.61.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.