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INX:AZO, Jan 22, 06:18 UTC

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Analysts Anticipate AutoZone, Inc. (NYSE:AZO) Will Post Earnings of $11.91 Per Share – Tech Know Bits

AZO

Seven analysts have provided estimates for AutoZone’s earnings, with the lowest EPS estimate coming in at $11.65 and the highest estimate coming in at $12.17. On average, analysts expect that AutoZone will report full-year earnings of $66.10 per share for the current fiscal year, with EPS estimates ranging from $65.61 to $66.95. For the next fiscal year, analysts expect that the firm will post earnings of $72.95 per share, with EPS estimates ranging from $70.72 to $74.82. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover AutoZone. Royal Bank of Canada upped their price target on shares of AutoZone to $1,278.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th.

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  • Financial

Tuesday, January 14


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The Zacks Analyst Blog Highlights: Tesla, Blue Bird, PACCAR, AutoZone and Motorcar Parts of America

PCAR AZO +1 more PCAR AZO TSLA

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Tesla (TSLA) and Other Automotive Stocks to Zoom in 2020. Since the financial crisis a decade ago, U.S. vehicle sales have only gone up. Sales hit a record 17.6 million in 2016 after it had bottomed out at 10.4 million in 2009. But since then, sales have been near the 17-million mark, providing an unusual steady trend for an industry that is particularly cyclical in nature. Analysts now expect U.S. auto sales for the year to decline between 1% to 2%. What’s more, the auto industry in China, the world’s largest auto market, is expected to witness a 2% fall in vehicles sales this year, according to the China Association of Automobile Manufacturers (CAAM).

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News

Analysts Anticipate AutoZone, Inc. (NYSE:AZO) Will Post Earnings of $11.91 Per Share – Tech Know Bits

AZO

Seven analysts have provided estimates for AutoZone’s earnings, with the lowest EPS estimate coming in at $11.65 and the highest estimate coming in at $12.17. On average, analysts expect that AutoZone will report full-year earnings of $66.10 per share for the current fiscal year, with EPS estimates ranging from $65.61 to $66.95. For the next fiscal year, analysts expect that the firm will post earnings of $72.95 per share, with EPS estimates ranging from $70.72 to $74.82. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover AutoZone. Royal Bank of Canada upped their price target on shares of AutoZone to $1,278.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th.

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  • Financial

Thursday, January 09


News

Why Is AutoZone (AZO) Down 7.8% Since Last Earnings Report?

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It has been about a month since the last earnings report for AutoZone (AZO). Will the recent negative trend continue leading up to its next earnings release, or is AutoZone due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. AutoZone, Inc. has reported earnings of $14.30 per share in the first quarter of fiscal 2020 (ended Nov 23, 2019), up from the prior-year quarter’s figure of $13.47.

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News

Why AutoZone Stock Rose 42% in 2019

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Why AutoZone Stock Rose 42% in 2019 | NASDAQ. What happened. AutoZone (NYSE: AZO) shareholders outperformed a booming market last year as the stock jumped 43% compared to a 29% spike in the S&P 500, according to data provided by S&P Global Market Intelligence. Shares tracked ahead of the market for most of the year, with investors enjoying some of their strongest returns late in 2019. The auto parts retailer benefited from generally positive selling conditions as the average age of cars on the road continued to rise, pushing demand for maintenance higher. But AutoZone also notched a few important strategic wins last year, including its move deeper into the commercial space and a restructuring of its supply chain.

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Topics:
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Tuesday, January 07


News

Wells Fargo & Co Raises AutoZone (NYSE:AZO) Price Target to $1,400.00 – Slater Sentinel

AZO

AutoZone (NYSE:AZO) had its price target increased by Wells Fargo & Co from $1,300.00 to $1,400.00 in a research report released on Wednesday, December 11th, The Fly reports. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $1,240.40. In other AutoZone news, VP William R. Hackney sold 5,054 shares of the company’s stock in a transaction on Thursday, December 19th.

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Saturday, January 04


News

Nomura Raises AutoZone (NYSE:AZO) Price Target to $1,345.00 – Riverton Roll

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Finally, Credit Suisse Group reaffirmed an outperform rating and set a $1,350.00 price objective (up previously from $1,275.00) on shares of AutoZone in a report on Wednesday, December 11th. The firm has a market capitalization of $28.39 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.61 and a beta of 0.62. The stock’s fifty day moving average price is $1,194.02 and its 200 day moving average price is $1,137.56. In other AutoZone news, VP William R. Hackney sold 5,054 shares of the company’s stock in a transaction on Thursday, December 19th.

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News

Q2 2020 Earnings Forecast for Thor Industries, Inc. Issued By Jefferies Financial Group (NYSE:THO) – Slater Sentinel

AZO JEF

Thor Industries, Inc. (NYSE:THO) – Research analysts at Jefferies Financial Group decreased their Q2 2020 EPS estimates for shares of Thor Industries in a research note issued on Monday, December 9th, Zacks Investment Research reports. Jefferies Financial Group analyst B. Jordan now anticipates that the construction company will post earnings per share of $0.74 for the quarter, down from their prior estimate of $0.96. Thor Industries had a return on equity of 15.72% and a net margin of 2.06%. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company.

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Friday, January 03


News

AutoZone (AZO) Stock Moves -0.15%: What You Should Know

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AutoZone (AZO) Stock Moves -0.15%: What You Should Know. AutoZone (AZO) closed the most recent trading day at $1,187.98, moving -0.15% from the previous trading session. Heading into today, shares of the auto parts retailer had gained 2.33% over the past month, lagging the Retail-Wholesale sector's gain of 4.83% and the S&P 500's gain of 4.77% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.58 billion, up 5.42% from the year-ago period.

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  • Financial

Tuesday, December 31


News

All You Need to Know About AutoZone (AZO) Rating Upgrade to Buy

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AutoZone (AZO) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time. As such, the Zacks rating upgrade for AutoZone is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Their bulk investment action then leads to price movement for the stock. For AutoZone, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

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  • Financial