AutoZone, Inc. (AZO)
|Bid||0.00 x 1000|
|Ask||1,088.00 x 1100|
|Day’s Range||1,002.03 – 1,066.71|
|52 Week Range||924.25 – 1,274.41|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||16.17|
|Earnings Date||May 18, 2020 – May 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,237.73|
Subscribe to Premium to view Fair Value for AZO
Edited Transcript of AZO earnings conference call or presentation 3-Mar-20 3:00pm GMT
Q2 2020 Autozone Inc Earnings Call
Auto Parts Submarket Looking Good: AutoZone Surpasses Earnings Estimates
Anticipations from AutoZone, Inc. (NYSE: AZO) quarter results were quite high since most estimates were aiming for growth compared to previous periods. That is why investors were expecting good results from AutoZone as well as from other companies in the market segment like Advance Auto Parts, Inc. (NYSE: AAP), O’Reilly Automotive, Inc. (NASDAQ: ORLY) and CarMax, Inc. (NYSE: KMX). Even the revised Zacks Consensus Estimate indicated an increase of 3.3% from previous year earnings of 76 cents per share and revenue growth of 5.3%.Quarter Results AutoZone, Inc. announced its second fiscal quarter results (the quarter ending February 15th). Not only that the achieved earnings per share of $12.39 topped Zacks Consensus Estimate of $11.87, but this was a nice increase from the prior-year quarter amount of $11.49. Net income also grew up 1.6% when comparing year to year, finishing at $299.3 million.Quarter revenues were also increased by 2.6% year over year, but the achieved $2,513.7 million was lower than the Zacks Consensus Estimate of $2,580 million. When looking only at domestic sales, quarter revenues were $556.9 million, which is an increase from the same quarter previous year when revenues were $514.6 million. Gross profit increased from $1,325.1 million achieved in the year-ago quarter to $1,366 million, which insured the operating profit growth from $400 million to $407.9 million (quarter to quarter).What Factors Are Pushing The Good Results Both Do-It-Yourself and Do-It-For-Me businesses have been enjoying sales growth, and this is probably the main reason for this quarter’s good results. Alongside store expansions, the company also worked on fast deliveries and high-quality products, aiming to grab more market share.Along with expansions, improvements in inventory management and technological advancements were crucial for the development of the company’s supply-chain network, so it can satisfy customers’ demand on the local level faster. All of that made the Duralast brand even stronger.What Is Happening With Other Players In The Auto Parts Market Let’s look at some specialized equipment for cars. Worksport and its parent company Franchise Holdings International (OTC: FNHI) is out with its new line of tonneau covers, a great accessory for pick-up trucks offering a link to solar power and announced this morning that it has been awarded a Canadian Patent. Their tonneaus can be connected to electric engines in currently owned pick-up trucks. And that is no matter the model, make and year. Next to the current providers, Worksport tonneau covers are also expected to be found on Amazon.com, Inc. (NASDAQ: AMZN).Outlook It is hard to say what impact will the coronavirus outbreak have on this market subsegment, but growth in both Do-It-Yourself and Do-It-For-Me businesses may continue in the following periods, pushing the company’s results further up. On the other hand, AutoZone is currently ranked by Zacks Rank with 3, which is a hold ranking.Some companies in the auto, tires, and trucks segment with better Zacks Rank are LCI Industries (NYSE: LCII), SPX Corporation (NYSE: SPXC) and Adient plc (NYSE: ADNT). Overall, this subsegment is doing a lot better than the overall automotive market. How it will adhere to the electric era is a different question – for many but not for Worksport whose intellectual property portfolio has it all set to welcome the electric future.This Publication is contributed by IAMNewswire.comPress Releases – If you are looking for full Press release distribution contact: firstname.lastname@example.orgContributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: email@example.comCopyright (C) 2019 Benzinga (BZ Newswire, http://www.benzinga.com/licensing).Benzinga does not provide investmentadvice. All rights reserved.Write to firstname.lastname@example.org with any questions about this content. Subscribe to Benzinga Pro (http://pro.benzinga.com).The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.Image by Alexas_Fotos from PixabaySee more from Benzinga * The Sustainable Energy Heroes Who Are Resisting A Tough Macroeconomy * Target Earnings Report- Not So Much About Earnings But About Consumer Behavior * Coronavirus Even Harmful To The Beauty Market – But E-Commerce Makes It All Better(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
AutoZone CEO talks disappointing quarter, coronavirus in earnings call
With a slow quarter behind it, and the potential threat of the coronavirus in front of it, AutoZone had a lot to discuss in its earnings call.
AutoZone’s (AZO) Q2 Earnings Top, Sales Miss Estimates
AutoZone’s (AZO) domestic commercial sales totaled $556.9 million in second-quarter fiscal 2020, up from the $514.6 million recorded in the year-ago quarter.
AutoZone Stock Falls as Weather Causes Shock Sales Slump. But There’s Good News Too.
AutoZone (AZO) Beats Q2 Earnings Estimates
AutoZone, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / March 3, 2020 / AutoZone, Inc. (NYSE:AZO) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on March 3, 2020 at 10:00 AM Eastern .
AutoZone’s stock falls after profit beats, but sales miss
Shares of AutoZone Inc. slumped 3.2% in light premarket trading Tuesday, after the auto parts retailer reported a fiscal second-quarter profit that beat expectations but sales that missed and same-store sales that surprisingly declined. Net income for the quarter to Feb. 15 rose to $299.3 million, or $12.39 a share, from $294.6 million, or $11.49 a share, in the year-ago period. The FactSet consensus for earnings per share was $11.75. Sales grew to $2.51 billion from $2.45 billion, but was below the FactSet consensus of $2.57 billion, as same-store sales declined 0.8% compared with expectations of a 2.8% rise. “We had particularly challenging sales in specific weather sensitive categories and geographies, indicating to us that the mild winter was a considerable headwind to our and our industry’s sales performance,” said Chief Executive Bill Rhodes. Inventory rose 7.0% and inventory per store increased 3.3% to $713,000. The stock has declined 9.2% over the past three months through Monday, while the S&P 500 has eased 0.1%.
AutoZone 2nd Quarter EPS Increases 7.8% to $12.39; Same Store Sales Decrease 0.8%
MEMPHIS, Tenn., March 03, 2020 — AutoZone, Inc. (NYSE: AZO) today reported net sales of $2.5 billion for its second quarter (12 weeks) ended February 15, 2020, an increase of.
Coronavirus, Super Tuesday, Target earnings: What to know in markets Tuesday
Q2 Earnings Preview For AutoZone
On Tuesday, March 3, AutoZone (NYSE: AZO) will release its latest earnings report. Check out Benzinga’s preview to understand the implications.Earnings and Revenue Sell-side analysts expect AutoZone’s EPS to be near $11.80 on sales of $2.57 billion.View more earnings on AZOIn the same quarter last year, AutoZone announced EPS of $11.49 on revenue of $2.45 billion. The Wall Street consensus estimate for earnings would represent a 2.70% increase for the company. Revenue would be up 4.86% from the year-ago period. Here’s how the company’s reported EPS has compared to analyst estimates in the past: Quarter Q1 2020 Q4 2019 Q3 2019 Q2 2019 EPS Estimate 13.770 21.790 15.140 9.99 EPS Actual 14.300 20.950 15.990 11.49 Stock Performance Over the last 52-week period, shares of AutoZone are up 9.96%. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on AutoZone stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.Conference Call Don’t be surprised to see the stock move on comments made during its conference call. AutoZone is scheduled to hold the call at 10:00 a.m. ET and can be accessed here: https://www.webcaster4.com/Webcast/Page/820/33150See more from Benzinga * Q4 Earnings Outlook For Foot Locker * Preview: Workday’s Q4 Earnings * Q4 Earnings Preview For Baidu(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Why AutoZone (AZO) is Poised to Beat Earnings Estimates Again
AutoZone (AZO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Coronavirus, jobs report, Super Tuesday: What to know in the week ahead
Q2 May Hand a Salvage Title to AutoZone Stock
Despite the popularity of electric cars, it will be a long time before the infrastructure can accommodate their universal integration. At this juncture, that’s about the only piece of good news for AutoZone (NYSE:AZO). Since December of 2019, AutoZone stock has been on a downward spiral. And with the coronavirus from China, the environment has gotten considerably more negative.Source: Robert Gregory Griffeth / Shutterstock.com It goes without saying that this is not what management wanted heading into its second quarter of fiscal 2020. Heaping on more anxieties on the table, AutoZone stock could be uniquely vulnerable to downside volatility. That’s because even before the coronavirus epidemic surged toward a pandemic, AZO suffered from China-related headwinds.First, we have to recognize that the auto parts industry is no longer an exclusively American entity. As CNN reported in the summer of 2018, every U.S.-made car is an import. Since most parts originate from low-wage countries, an American car is domestic in name only.InvestorPlace – Stock Market News, Stock Advice & Trading TipsSecond, the U.S.-China trade war has always clouded the narrative for AutoZone stock. Escalating tariffs translates to higher prices. During the time when the trade war — not the coronavirus — dominated headlines, AZO executives warned that further economic conflicts threatened to raise supply costs. * 7 Safe Stocks to Buy on the Coronavirus Dip Fortunately, the tit-for-tat tariffs failed to impose a shock to the consumer. Moreover, positive economic metrics augured well for AutoZone stock.Now, the company can no longer depend on positive consumer sentiment. At time of writing, the coronavirus has infected 83,379 people, killing 2,858. Several countries are reporting new cases – some of unknown origin – implying a lengthy disruption to vital supply-chain networks.Therefore, no matter what AZO brings to the table, the outlook is incredibly pessimistic. It’s All About Stopping the Bleeding of AutoZone StockOn a year-to-date basis, AutoZone stock has shed nearly 16%. However, the bigger concern is that technically, AZO is trading in a no-man’s-land. Management must deliver a combination of stellar fiscal results and expert-level spin doctoring.For fiscal Q2, covering analysts anticipate earnings per share to hit $11.77. This is near the lower end of the estimate spectrum, which ranges from $11.50 to $12.15. In the year-ago quarter, the company delivered EPS of $11.49 against a consensus target of $9.96. Given recent trends, AutoZone’s estimate for Q2 2020 is very reasonable.On the revenue front, analysts are looking for $2.6 billion. In Q2 2019, the auto parts retailer rang up $2.45 billion. Here, I’m a little bit skeptical that management will be able to hit the sales benchmark due to seasonality issues.But that’s just a relatively small part of the narrative. Overall, Wall Street will look to the executive team to provide some confidence for AutoZone stock. However, I’m not sure what they can say.What health agencies have admitted is that they lost the battle to keep the coronavirus contained in China. Now, it’s rippling through Europe and the Middle East. But a troubling development is the case in Brazil. The government there suspects several other cases have emerged and they’re right to be suspicious as the virus spreads asymptomatically.Because the healthcare infrastructure in Latin America is behind that of developed countries, the coronavirus could accelerate. I don’t think it’s unreasonable to speculate that it could work its way north toward Mexico. A key auto parts maker, that would crimp AutoZone’s business.Even if this didn’t occur, the supply chain disruption in China is bad enough. Unfortunately, Q2 comes down to mitigating whatever can be mitigated. Longer-Term Challenges Also DetractAs if the earnings report wasn’t enough of an obstacle, AutoZone must also contend with a longer-term headwind to its business: many Americans don’t know squat about basic car maintenance.According to a 2018 driver survey, 36% of respondents admitted that they don’t know how to replace a tire in case of a flat. But the situation is more problematic than consumer ignorance. Most drivers (68%) are on the road despite having at least one mechanical problem in their vehicles.Logically, this implies that the real consumer economy is far weaker or vulnerable than advertised. If that’s the case, the coronavirus is but one of many negatives impacting AutoZone stock. Thus, for the time being, AZO has become a falling knife. And it’s a big one so I wouldn’t advise trying to catch it.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Safe Stocks to Buy on the Coronavirus Dip * 7 Stocks to Buy Down 10% in the Last Week * These 4 Stocks to Sell Are Melting Down Now The post Q2 May Hand a Salvage Title to AutoZone Stock appeared first on InvestorPlace.
Is a Beat in the Offing for AutoZone (AZO) Q2 Earnings?
AutoZone, Inc. (NYSE:AZO) Is Employing Capital Very Effectively
Today we are going to look at AutoZone, Inc. (NYSE:AZO) to see whether it might be an attractive investment prospect.
2020 Best of the Bar finalists make the case for legal excellence
Every year, MBJ honors the tops of the tops of the local legal profession with the Best of the Bar awards. And, this year, we’ve added some new categories to the mix.
Two Pros Discuss The $1K Stocks Worth Buying
Out of the 500 stocks that comprise the S&P index, only five trade north of $1,000 per share: Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ), Amazon.com, Inc. (NASDAQ: AMZN ), AutoZone, Inc. (NYSE: AZO .
Auto Parts Stocks Could Have a Brighter Road Ahead
AutoZone to Release Second Quarter Earnings March 3, 2020
MEMPHIS, Tenn., Feb. 12, 2020 — AutoZone, Inc. (NYSE:AZO), the nation’s leading auto parts retailer and a leading distributor of automotive replacement parts and accessories,.
AutoZone Enters Oversold Territory
AutoZone has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
A Look At The Intrinsic Value Of AutoZone, Inc. (NYSE:AZO)
Does the January share price for AutoZone, Inc. (NYSE:AZO) reflect what it’s really worth? Today, we will estimate the.
The Truth About Market Timing – January 27, 2020
Is the ability to time the markets more of a data-driven science or a ‘gut – feeling’ art?
Find the latest AutoZone, Inc. (AZO) stock quote, history, news and other vital information to help you with your stock trading and investing.
SOURCE: Auto zone http://finance.yahoo.com/quote/AZO/ Auto zone