AutoZone (AZO) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - AutoZone's stock closed at $3,373.57, reflecting a +1.43% increase, outperforming the S&P 500's gain of 0.53% on the same day [1] - Over the past month, AutoZone's stock has risen by 1.3%, which is below the Retail-Wholesale sector's increase of 2.71% and the S&P 500's increase of 2.69% [1] Upcoming Earnings - AutoZone is expected to report an EPS of$ 29.11, representing a 0.76% increase from the same quarter last year [2] - The consensus estimate for revenue is $3.98 billion, indicating a 3.13% increase from the prior-year quarter [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at$ 152.94 per share and revenue at $18.79 billion, reflecting changes of +4.65% and +1.63% respectively from the previous year [3] Analyst Estimates - Recent adjustments to analyst estimates for AutoZone are important as they reflect changes in short-term business dynamics, with positive revisions indicating analyst optimism [4] - The Zacks Rank system, which assesses these estimate changes, has a strong track record, with 1 rated stocks averaging a +25% annual return since 1988 [5][6] Valuation Metrics - AutoZone's Forward P/E ratio is currently 21.75, which is lower than the industry's Forward P/E of 23.22, suggesting a valuation discount [7] - The company has a PEG ratio of 1.84, aligning with the average PEG ratio of the Automotive - Retail and Wholesale - Parts industry [8] Industry Context - The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector and holds a Zacks Industry Rank of 14, placing it in the top 6% of over 250 industries [9]