AutoZone Earnings Preview: Can This Streak Continue?

AutoZone (NYSE:AZO) will report earnings before markets open on Tuesday, May 21st. AutoZone, Inc. is a specialty retailer of automotive replacement parts and accessories. The Company offers an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. Autozone operates in United States and Puerto Rico, and Mexico.

Here is your Cheat Sheet to Autozone Earnings:

Earnings Expectations: Analysts expect earnings of $7.23 per share on revenues of $2.22 billion. Currently, the company’s P/E ratio stands at 16.66.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $10.35 and has not changed. For the current year, the average estimate is a profit of $27.61, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Autozone has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 6,523 6,817 7,363 8,073 8,604
Diluted EPS ($) 10.04 11.73 14.97 19.47 23.48

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Feb. 29, 2012 May. 31, 2012 Aug. 31, 2012 Nov. 30, 2012 Feb. 28, 2013
Revenue ($) in millions 1,804 2,112 2,764 1,991 1,855
Diluted EPS ($) 4.15 6.28 8.563 5.41 4.78

Past Performance:
Autozone has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]