Automotive components retailer AutoZone AZO is ready to report fiscal fourth-quarter earnings outcomes subsequent Tuesday earlier than the opening bell. Decreased supply instances and an enhanced gross sales pressure has the inventory buying and selling close to all-time highs. However a stretched steadiness sheet and excessive curiosity bills elevate issues.
AutoZone, at present a Zacks Rank #4 (Promote), has an extended historical past of exceeding earnings estimates. The corporate is predicted to ship This autumn earnings of $53.61 per share, reflecting a 15.4% enchancment relative to the identical quarter final 12 months. AutoZone has posted a trailing four-quarter common earnings shock of 5.75%.
Revenues are anticipated to have risen 9% to $6.2 billion through the fourth quarter. AutoZone has generated file gross sales for 34 consecutive years.
Earnings estimates have barely declined over the previous 60 days. As shares may be risky surrounding earnings bulletins, traders ought to proceed with warning heading into the outcomes.
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AutoZone, Inc. (AZO) : Free Stock Analysis Report
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