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 ...

Power Inflow alert came at 10:41 EDT and the stock hit its high of the day at 1:02 EDTToday, TradePulse’s latest Power Inflow alert indicated institutional volume is coming into AutoZone Inc. AZO, signaling a shift from net selling to buying. This shift is a key indicator of rising investor confidence and the potential for an uptrend in AZO’s stock.At 10:41 AM ET on August 29th, AZO registered a Power Inflow at a price of $3200.11. Following this signal, the stock reached its high point at 1:02 EDT, climbin ...

MEMPHIS, Tenn., Aug. 28, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), the leading retailer and distributor of automotive replacement parts and accessories in the Americas, will release results for its fourth quarter ended Saturday, August 31, 2024, before market open on Tuesday, September 24, 2024. Additionally, the Company will host a one-hour conference call on Tuesday, September 24, 2024, beginning at 10:00 a.m. (ET), to discuss the results of the quarter. This call is being webcast and can be ac ...

AutoZone (AZO) closed at $3,157.10 in the latest trading session, marking a +1.01% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.32%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.85%.Shares of the auto parts retailer have appreciated by 1.14% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 2.72% and the S&P 500's gain of 1.52%.Investors will be eagerly watching for the performance of AutoZone in its ...

With share prices above $1,000, these three stocks all look primed for a split.Stock splits attract a lot of attention among investors.While they don't change the fundamentals of a stock, they do act as a signal from management that it expects the stock to keep moving higher. That's because stock splits represent milestones in a stock's growth, and they make the price of an individual share cheaper, making it more affordable for retail investors.There's also some evidence that stocks outperform after a stoc ...