AutoZone (AZO) Ascends While Market Falls: Some Facts to Note

Company Performance - AutoZone (AZO) closed at $3,157.10, reflecting a +1.01% change from the previous day, outperforming the S&P 500's loss of 0.32% [1] - Over the past month, AutoZone shares increased by 1.14%, underperforming the Retail-Wholesale sector's gain of 2.72% and the S&P 500's gain of 1.52% [1] - The upcoming EPS for AutoZone is projected at $53.61, indicating a 15.39% increase year-over-year, with revenue expected to reach $6.2 billion, a 9.03% increase compared to the same quarter last year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $151.37 per share and revenue at $18.5 billion, reflecting changes of +14.36% and +5.97% respectively from the previous year [2] - Recent analyst estimate revisions suggest a favorable outlook on AutoZone's business health and profitability [2] Valuation Metrics - AutoZone has a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 20.65, which is lower than the industry's average Forward P/E of 23.9 [3] - The current PEG ratio for AutoZone is 1.57, compared to the average PEG ratio of 1.66 for Automotive - Retail and Wholesale - Parts stocks [3] Industry Overview - The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector, currently holding a Zacks Industry Rank of 194, placing it in the bottom 24% of over 250 industries [4] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]