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AutoZone (AZO) Q1 Earnings Report Preview: What To Look For

AZO Cover Image

Auto parts and accessories retailer AutoZone (NYSE: AZO) will be announcing earnings results this Tuesday before market open. Here’s what to expect.

AutoZone met analysts’ revenue expectations last quarter, reporting revenues of $4.63 billion, up 8.2% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.

Is AutoZone a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting AutoZone’s revenue to grow 9.1% year on year, improving from the 2.4% increase it recorded in the same quarter last year.

AutoZone Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AutoZone has missed Wall Street’s revenue estimates multiple times over the last two years.

With AutoZone being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for automotive and marine retail stocks. However, the whole sector has been hit hard over the last month as stocks in AutoZone’s peer group are down 2.5% on average. AutoZone’s stock price was unchanged during the same time .

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

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