MEMPHIS, Tenn., Sept. 24, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $6.2 billion for its fourth quarter (17 weeks) ended August 31, 2024, an increase of 9.0% from the fourth quarter of fiscal 2023 (16 weeks). Excluding sales from the additional week included in this year’s quarter, adjusted sales were up 2.6%. Same store sales, or sales for our domestic and international stores open at least one year, are computed on a 16-week and 52-week basis and are as follows:       ...

AutoZone, Inc. AZO will release earnings results for its fourth quarter fiscal 2024, before the opening bell on Tuesday, Sept. 24.Analysts expect the Memphis, Tennessee-based company to report quarterly earnings at $53.69 per share, up from $46.46 per share in the year-ago period. AutoZone is projected to post quarterly revenue of $6.23 billion, compared to $5.69 billion a year earlier, according to data from Benzinga Pro.On June 19, AutoZone’s board approved an additional $1.5 billion share repurchase.Auto ...

Core Viewpoint - Analysts expect AutoZone to report quarterly earnings of $53.61 per share, reflecting a year-over-year increase of 15.4%, with revenues projected at $6.2 billion, up 9% from the previous year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate for the quarter has not changed over the past 30 days, indicating stability in analyst projections [1] - Analysts forecast 'Net Sales- Auto Parts' to be $6.12 billion, representing a year-over-year increase of 9.4% [2] - The estimate for 'Net Sales- All Other' is $107.29 million, suggesting a 6% year-over-year change [2] - 'Net Sales- Domestic Commercial sales' is estimated at $1.69 billion, indicating a 12.5% increase from the previous year [2] Group 2: Store Metrics - Analysts predict 'Total Square Footage' to reach 49,220.86 Ksq ft, up from 47,899 Ksq ft a year ago [3] - The estimated number of 'Total Auto-Zone Stores' is 7,334, compared to 7,140 in the same quarter last year [3] - The 'Number of stores - Domestic' is expected to be 6,427, an increase from 6,300 a year ago [3] - 'Sales per average square foot' is projected to be $124.70 thousand, up from $118 thousand in the previous year [3] - The 'Square footage per store' is estimated at 6,716.46 thousand, compared to 6.71 million last year [3] Group 3: Store Openings - The 'Number of stores - Opened-Mexico' is forecasted to be 27, unchanged from the previous year [4] - Analysts expect 'Number of stores - Opened-Domestic' to reach 58, up from 53 in the same quarter last year [4] - The 'Number of stores - Brazil' is projected to be 124, an increase from 100 a year ago [4] - The 'Number of stores - Mexico' is expected to reach 790, compared to 740 last year [4] Group 4: Stock Performance - Over the past month, AutoZone shares have returned -4%, while the Zacks S&P 500 composite has returned +1.3% [4]

In the latest trading session, AutoZone (AZO) closed at $3,078.31, marking a -0.73% move from the previous day. This change lagged the S&P 500's 0.03% gain on the day. On the other hand, the Dow registered a loss of 0.04%, and the technology-centric Nasdaq increased by 0.2%.The auto parts retailer's stock has dropped by 2.24% in the past month, falling short of the Retail-Wholesale sector's gain of 4.37% and the S&P 500's gain of 1.54%.Analysts and investors alike will be keeping a close eye on the performa ...

Core Viewpoint - AutoZone is set to report its financial results on September 24, 2024, with expectations of a significant increase in EPS and revenue compared to the previous year [1][2]. Group 1: Financial Performance - AutoZone's stock closed at $3,101.04, reflecting a -0.71% change from the previous day, underperforming the S&P 500's gain of 0.13% [1]. - The company is anticipated to report an EPS of $53.61, representing a 15.39% increase year-over-year [1]. - Revenue is expected to reach $6.2 billion, indicating a 9.03% increase compared to the same quarter last year [1]. Group 2: Analyst Estimates and Market Sentiment - Recent revisions in analyst estimates for AutoZone are crucial as they reflect short-term business trends, with positive revisions indicating optimism [2]. - The Zacks Rank system, which assesses estimate changes, currently rates AutoZone as 3 (Hold), with the consensus EPS estimate remaining steady over the past month [2]. Group 3: Valuation Metrics - AutoZone has a Forward P/E ratio of 19.1, which is lower than the industry average of 22.74, suggesting a valuation discount [3]. - The company's PEG ratio stands at 1.45, compared to the industry average of 1.53, indicating a favorable growth outlook relative to its valuation [3]. - The Automotive - Retail and Wholesale - Parts industry ranks 226 out of over 250 industries, placing it in the bottom 11%, which may impact AutoZone's market performance [3].

Looking into jobs data isn’t just useful for understanding how strong the general economy is. It can also provide insight into what types of companies might be preparing for increases in the demand for their products and services.Based on this, the data can provide early indications of which firms’ revenues might increase unexpectedly, causing their stock prices to rise. I’ll look at three companies are three different sub-industries where employment has increased drastically over the past month and could s ...

In the latest market close, AutoZone (AZO) reached $3,120.50, with a +0.9% movement compared to the previous day. This change lagged the S&P 500's 1.16% gain on the day. At the same time, the Dow added 1.2%, and the tech-heavy Nasdaq gained 1.16%.Shares of the auto parts retailer witnessed a loss of 0.89% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 5.53% and the S&P 500's gain of 3.48%.Analysts and investors alike will be keeping a close eye on the perfo ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about AutoZone (AZO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.AutoZone currently has an average brokerage recommendation (ABR) ...

Core Insights - AutoZone Inc. experienced a Power Inflow at 10:31 AM ET on September 4th, indicating a shift from net selling to net buying, which is a positive signal for investors [1][2] - The trading price at the time of the Power Inflow was $3118.71, with subsequent returns of +1.5% at the high price of $3166.83 and +1.4% at the close price of $3161.19 [5] Order Flow Analytics - Order flow analytics involves analyzing order volumes from both retail and institutional traders, focusing on buy and sell orders to generate actionable insights [3][4] - A Power Inflow typically occurs within the first two hours of market opening and serves as an indicator of the likely trend for the stock throughout the day [4] Trading Strategy Implications - The Power Inflow is viewed as a potential start of an uptrend in AutoZone stock, presenting opportunities for investors to profit from anticipated price rises [2][5] - Incorporating order flow analytics into trading strategies can help market participants evaluate market dynamics and uncover trading opportunities [4]

The near-term outlook of Zacks Automotive - Retail and Wholesale - Parts industry is being influenced by various factors. The aging vehicle fleet is leading to increased demand for replacement parts as consumers. Also, vehicle sales have remained resilient, benefiting industry participants, with expectations of growth as financing costs will potentially decline as the Fed is set to cut rates soon. However, the industry is navigating challenges, including the shift away from DIY repairs due to the complexity ...