Wall Street analysts forecast that AutoZone (AZO) will report quarterly earnings of $51.13 per share in its upcoming release, pointing to a year-over-year increase of 6.3%. It is anticipated that revenues will amount to $6.24 billion, exhibiting an increase of 0.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific AutoZone metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Net Sales- Auto Parts' reaching $6.14 billion. The estimate indicates a year-over-year change of +0.8%.
The collective assessment of analysts points to an estimated 'Net Sales- All Other' of $118.85 million. The estimate suggests a change of +5.6% year over year.
It is projected by analysts that the 'Net Sales- Domestic Commercial sales' will reach $1.78 billion. The estimate indicates a change of +7.1% from the prior-year quarter.
The consensus among analysts is that 'Square footage - Total' will reach 51899 thousands of square feet. The estimate is in contrast to the year-ago figure of 49417 thousands of square feet.
Analysts predict that the 'Square footage per store' will reach 6.82 million. Compared to the present estimate, the company reported 6.72 million in the same quarter last year.
Based on the collective assessment of analysts, 'Number of stores - Domestic' should arrive at 6,591 . Compared to the present estimate, the company reported 6,432 in the same quarter last year.
Analysts forecast 'Total Auto-Zone Store' to reach 7,611 . Compared to the present estimate, the company reported 7,353 in the same quarter last year.
The average prediction of analysts places 'Sales per average square foot' at $122.23 thousand. Compared to the current estimate, the company reported $124.00 thousand in the same quarter of the previous year.
Analysts expect 'Number of stores - Opened-Brazil' to come in at 14 . The estimate compares to the year-ago value of 18 .
The combined assessment of analysts suggests that 'Number of stores - Opened-Mexico' will likely reach 30 . The estimate is in contrast to the year-ago figure of 31 .
According to the collective judgment of analysts, 'Number of stores - Opened-Domestic' should come in at 49 . Compared to the current estimate, the company reported 68 in the same quarter of the previous year.
The consensus estimate for 'Number of stores - Brazil' stands at 155 . The estimate compares to the year-ago value of 127 .
View all Key Company Metrics for AutoZone here>>>
Shares of AutoZone have demonstrated returns of +1.8% over the past month compared to the Zacks S&P 500 composite's +2.5% change. With a Zacks Rank #3 (Hold), AZO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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AutoZone, Inc. (AZO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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