AutoZone Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component AutoZone, Inc. (NYSE:AZO) will unveil its latest earnings on Tuesday, May 22, 2012. AutoZone is a specialty retailer of automotive replacement parts and accessories, offering an extensive line for cars, sport utility vehicles, vans, and light trucks.

AutoZone, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $6.28 per share, a rise of 18.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $5.97. Between one and three months ago, the average estimate moved up. It has risen from $5.99 during the last month. Analysts are projecting profit to rise by 19.6% compared to last year’s $23.29.

Past Earnings Performance: Last quarter, the company reported net income of $4.15 per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $2.13 billion in revenue this quarter, a rise of 7.6% from the year-ago quarter. Analysts are forecasting total revenue of $8.68 billion for the year, a rise of 7.6% from last year’s revenue of $8.07 billion.

Analyst Ratings: Analysts seem relatively indifferent about AutoZone with nine of 16 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 12.7% to $166.9 million ($4.15 a share) from $148.1 million ($3.34 a share) the year earlier, exceeding analyst expectations. Revenue rose 8.6% to $1.8 billion from $1.66 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 12.1% in the fourth quarter of the last fiscal year and 11.1% in the first quarter before increasing again in the second quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 8.6% in the third quarter of the last fiscal year, 8.1% in the fourth quarter of the last fiscal year and 7.4% in the first quarter before increasing again in the second quarter.

Stock Price Performance: Between February 21, 2012 and May 16, 2012, the stock price rose $29.21 (8.1%), from $359.66 to $388.87. The stock price saw one of its best stretches over the last year between January 3, 2012 and January 23, 2012, when shares rose for 14 straight days, increasing 8.5% (+$27.22) over that span. It saw one of its worst periods between May 2, 2012 and May 9, 2012 when shares fell for six straight days, dropping 3.4% (-$13.56) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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