AutoZone, Inc. (AZO – Free Report) is anticipated to launch outcomes for the fourth quarter of fiscal 2021 tomorrow, forward of the opening bell. Zacks’ consensus estimate for earnings and income for the quarter to report is ready at $ 30.2 per share and $ 4.5 billion, respectively.
The main provider of automotive aftermarket components posted distinctive outcomes for the final reported quarter because of sturdy same-store gross sales progress. Over the previous 4 quarters, AutoZone has crushed Zacks’ consensus estimate on all events, averaging 20.3%. That is illustrated within the graphic under:
Development in revised estimates
Zacks’ consensus estimate for fiscal fourth quarter earnings per share has moved 24 cents north up to now seven days. Projection of web earnings compares unfavorably to earnings of $ 30.93 per share a 12 months in the past. Zacks’ consensus estimate for quarterly earnings implies an insignificant change from the earlier 12 months’s degree.
Components to notice
Gross sales progress within the DIY retail (“Do-It-Your self) and DIFM (“ Do-It-For-Me ”) enterprise sectors is more likely to have boosted the corporate’s income over the previous 12 months. quarter to report. Zacks’ consensus estimate for home business gross sales is ready at $ 1,103 million, calling for a rise from the $ 976 million recorded within the quarter final 12 months. Retailer enlargement initiatives, immediate supply and high-quality merchandise are additionally anticipated to have a constructive affect on the corporate’s income within the fiscal fourth quarter. The consensus mark for the entire variety of AutoZone shops for the reportable quarter stands at 6,744, calling for a leap from 6,549 a 12 months earlier.
On the flip aspect, with the auto trade reeling from the chip disaster, AutoZone is more likely to have borne the brunt of rising commodity prices, which can have decreased gross margins. A decent labor market and international logistical challenges are additionally more likely to affect outcomes. As well as, excessive SG&A bills amid expertise investments and the opening of distribution facilities, mega hubs in addition to shops could have decreased working margins within the coming quarter.
Whispers of good points
Our confirmed mannequin doesn’t conclusively predict a rise in earnings for AutoZone this time round. The mix of a constructive earnings ESP and a Zacks # 1 (sturdy purchase), 2 (purchase), or 3 (maintain) rating will increase the percentages of beating the winnings.
ESP on earnings: AutoZone has a income ESP of -4.11%. Certainly, probably the most correct estimate is ready at $ 28.96 per share, which is $ 1.24 lower than Zacks’ consensus estimate. You may uncover the most effective shares to purchase or promote earlier than they’re flagged with our ESP Earnings Filter.
Zack Rank: AutoZone – whose friends embrace Superior auto components (PAA – Free report), O’Reilly Automotive (ORLY – Free report) and CarMax (KMX – Free Report) – at present has a Zacks rank of two. You may see The total record of right now’s Zacks # 1 Rank shares right here.