PREVIEW: Autozone shares up slightly; Q1 EPS, rev seen rising

Autozone

09/12/2024 20:50

** Ahead of quarterly report due before market open on Tuesday,
auto parts retailer Autozone  AZO.N  shares up 0.4% on Monday
poised for sixth straight daily gain, including a 3.7% rally on
Friday 
    ** Wall St sees AZO reporting fiscal Q1 adj EPS of $33.55 vs
$32.55 in year-ago quarter on rev of $4.3 bln, which would be
higher than $4.19 bln in year-ago quarter, according to latest
data from LSEG
    ** In last 8 quarters its EPS beat the street 7 times, with
most recent miss in Q4 2024; rev met or beat consensus just 4
times, as per LSEG
    ** AZO last traded at $3,322.84 vs median PT of $3,433.61,
according to LSEG which shows 29 analyst ratings: 8 'strong
buy,' 14 'buy,' 6 'hold' and 1 'sell' recommendation 
    ** In Sept AZO reported a lower-than-expected Q4 profit as
it was hurt by inflationary challenges
    ** YTD up 28.5% vs 33% gain for S&P 500 consumer
discretionary index  .SPLRCD  

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +13322191897;))