" /> " />

AutoZone Earnings Estimate

AZO Stock  USD 3,193  1.31  0.04%   
The next projected EPS of AutoZone is estimated to be 36.06 with future projections ranging from a low of 33.66 to a high of 38.45. AutoZone's most recent 12-month trailing earnings per share (EPS TTM) is at 141.7. Please be aware that the consensus of earnings estimates for AutoZone is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
AutoZone is projected to generate 36.06 in earnings per share on the 31st of May 2024. AutoZone earnings estimates module stress-tests analyst consensus about projected AutoZone EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Many public companies, such as AutoZone, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing AutoZone's earnings estimates, investors can diagnose different trends across AutoZone's analyst sentiment over time as well as compare current estimates against different timeframes. As of the 28th of March 2024, Gross Profit is likely to grow to about 11 B, while Pretax Profit Margin is likely to drop 0.11.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.

AutoZone Earnings Estimation Breakdown

The calculation of AutoZone's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of AutoZone is estimated to be 36.06 with the future projection ranging from a low of 33.66 to a high of 38.45. Please be aware that this consensus of annual earnings estimates for AutoZone is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
28.89
33.66
Lowest
Expected EPS
36.06
38.45
Highest

AutoZone Earnings Projection Consensus

Suppose the current estimates of AutoZone's value are higher than the current market price of the AutoZone stock. In this case, investors may conclude that AutoZone is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and AutoZone's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of May 2024Current EPS (TTM)
2793.02%
28.89
36.06
141.7

AutoZone Earnings History

Earnings estimate consensus by AutoZone analysts from Wall Street is used by the market to judge AutoZone's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only AutoZone's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

AutoZone Quarterly Gross Profit

2.08 Billion

At this time, AutoZone's Price Earnings Ratio is very stable compared to the past year. As of the 28th of March 2024, Price Earnings To Growth Ratio is likely to grow to 0.87, though Retained Earnings are likely to grow to (2.5 B). As of the 28th of March 2024, Net Income Applicable To Common Shares is likely to grow to about 3.1 B, while Common Stock Shares Outstanding is likely to drop about 16.3 M.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AutoZone's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
2,8743,2003,201
Details
Intrinsic
Valuation
LowRealHigh
2,8743,2173,219
Details
Naive
Forecast
LowNextHigh
3,0643,0653,067
Details
29 Analysts
Consensus
LowTargetHigh
2,5932,8503,163
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AutoZone. Your research has to be compared to or analyzed against AutoZone's peers to derive any actionable benefits. When done correctly, AutoZone's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in AutoZone. Note that many institutional investors and large investment bankers can move markets due to the volume of AutoZone assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards AutoZone. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving AutoZone's stock price in the short term.

AutoZone Earnings per Share Projection vs Actual

Actual Earning per Share of AutoZone refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering AutoZone predict the company's earnings will be in the future. The higher the earnings per share of AutoZone, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

AutoZone Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as AutoZone, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of AutoZone should always be considered in relation to other companies to make a more educated investment decision.

AutoZone Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact AutoZone's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-05-21
2024-02-2928.4428.890.45
2024-02-27
2023-11-3026.2828.892.61
2023-09-19
2023-08-3145.1246.461.34
2023-08-02
2023-05-3131.4134.122.71
2023-05-23
2023-02-2831.4234.122.7
2023-02-28
2022-11-3021.9124.642.7312 
2022-09-19
2022-08-3138.4140.512.1
2022-05-31
2022-05-3126.0529.032.9811 
2022-05-24
2022-02-2826.0529.032.9811 
2021-12-07
2021-11-3020.8725.694.8223 
2021-09-21
2021-08-3129.9235.725.819 
2021-05-25
2021-02-2820.1426.486.3431 
2020-12-08
2020-11-3017.8518.610.76
2020-09-22
2020-08-3125.0130.935.9223 
2020-05-26
2020-02-2913.814.390.59
2019-12-10
2019-11-3013.7414.30.56
2019-09-24
2019-08-3121.822.590.79
2019-05-21
2019-02-2815.1415.990.85
2019-02-26
2018-11-309.9611.491.5315 
2018-09-18
2018-08-3117.9218.540.62
2018-05-22
2018-02-2812.9413.420.48
2018-02-27
2017-11-308.938.47-0.46
2017-09-19
2017-08-3115.1115.270.16
2017-05-23
2017-02-281211.44-0.56
2017-02-28
2016-11-308.198.08-0.11
2016-09-22
2016-08-3114.2514.30.05
2016-05-24
2016-02-2910.9210.77-0.15
2015-12-08
2015-11-308.248.290.05
2015-09-22
2015-08-3112.6912.750.06
2015-05-26
2015-02-289.529.570.05
2014-12-09
2014-11-307.167.270.11
2014-09-22
2014-08-3111.2611.280.02
2014-03-04
2014-02-285.555.630.08
2013-12-10
2013-11-306.286.290.01
2013-09-25
2013-08-3110.3410.420.08
2013-05-21
2013-02-287.217.270.06
2013-02-26
2012-11-304.764.780.02
2012-09-19
2012-08-318.48.460.06
2012-05-22
2012-02-296.256.280.03
2012-02-28
2011-11-304.044.150.11
2011-09-20
2011-08-316.977.180.21
2011-05-24
2011-02-284.985.290.31
2010-12-07
2010-11-303.443.770.33
2010-09-21
2010-08-315.445.660.22
2010-05-25
2010-02-283.614.120.5114 
2009-12-08
2009-11-302.662.820.16
2009-09-23
2009-08-314.454.470.02
2009-05-27
2009-02-282.893.130.24
2008-12-09
2008-11-302.182.230.05
2008-09-22
2008-08-313.93.88-0.02
2008-05-20
2008-02-292.432.490.06
2008-02-26
2007-11-301.621.670.05
2007-09-18
2007-08-313.253.23-0.02
2007-05-22
2007-02-282.152.170.02
2007-02-27
2006-11-301.451.450.0
2006-09-19
2006-08-312.792.920.13
2006-05-24
2006-02-281.951.89-0.06
2005-12-06
2005-11-301.551.48-0.07
2005-09-21
2005-08-312.842.59-0.25
2005-05-25
2005-02-281.81.860.06
2004-12-08
2004-11-301.441.520.08
2004-09-21
2004-08-312.552.53-0.02
2004-05-26
2004-02-291.551.680.13
2003-12-09
2003-11-301.281.350.07
2003-09-22
2003-08-311.932.270.3417 
2003-05-27
2003-02-281.271.30.03
2002-12-12
2002-11-300.951.040.09
2002-09-25
2002-08-311.411.730.3222 
2002-05-21
2002-02-280.780.960.1823 
2001-12-04
2001-11-300.60.760.1626 
2001-09-25
2001-08-311.071.070.0
2001-05-23
2001-02-280.550.560.01
2001-02-27
2000-11-300.280.280.0
2000-09-21
2000-08-310.830.840.01
2000-05-19
2000-02-290.50.50.0
2000-02-29
1999-11-300.280.280.0
1999-09-29
1999-08-310.670.670.0
1999-05-26
1999-02-280.40.40.0
1998-12-10
1998-11-300.340.340.0
1998-10-07
1998-08-310.610.6-0.01
1998-05-26
1998-02-280.350.350.0

About AutoZone Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of AutoZone earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current AutoZone estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as AutoZone fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2024
Retained Earnings-2.7 B-2.5 B
Retained Earnings Total Equity-1.2 B-1.3 B
Price Earnings Ratio 17.01  21.59 
Price Earnings To Growth Ratio 0.56  0.87 

AutoZone Investors Sentiment

The influence of AutoZone's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in AutoZone. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to AutoZone's public news can be used to forecast risks associated with an investment in AutoZone. The trend in average sentiment can be used to explain how an investor holding AutoZone can time the market purely based on public headlines and social activities around AutoZone. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
AutoZone's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for AutoZone's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average AutoZone's news discussions. The higher the estimated score, the more favorable is the investor's outlook on AutoZone.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AutoZone in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AutoZone's short interest history, or implied volatility extrapolated from AutoZone options trading.

Pair Trading with AutoZone

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AutoZone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AutoZone will appreciate offsetting losses from the drop in the long position's value.

Moving together with AutoZone Stock

  0.84DIBS 1StdibsCom Financial Report 8th of May 2024 PairCorr
  0.64AN AutoNation Financial Report 18th of April 2024 PairCorr

Moving against AutoZone Stock

  0.84BQ Boqii Holding LimitedPairCorr
  0.82LL LL Flooring HoldingsPairCorr
  0.77FNKO Funko Inc Financial Report 2nd of May 2024 PairCorr
  0.72DLTH Duluth Holdings Financial Report 6th of June 2024 PairCorr
  0.51WEYS Weyco GroupPairCorr
The ability to find closely correlated positions to AutoZone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoZone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoZone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoZone to buy it.
The correlation of AutoZone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoZone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoZone moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AutoZone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.
Note that the AutoZone information on this page should be used as a complementary analysis to other AutoZone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for AutoZone Stock analysis

When running AutoZone's price analysis, check to measure AutoZone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AutoZone is operating at the current time. Most of AutoZone's value examination focuses on studying past and present price action to predict the probability of AutoZone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoZone's price. Additionally, you may evaluate how the addition of AutoZone to your portfolios can decrease your overall portfolio volatility.
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Is AutoZone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.172
Earnings Share
141.7
Revenue Per Share
999.527
Quarterly Revenue Growth
0.046
Return On Assets
0.1423
The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.