$AZO with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:AZO after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
Key facts today
Next report date
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Report period
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EPS estimate
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Revenue estimate
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153.96USD
2.66 BUSD
18.49 BUSD
17.02 M
About AutoZone, Inc.
Sector
Industry
CEO
Philip B. Daniele
Website
Headquarters
Memphis
Founded
1979
FIGI
BBG000C7LMS8
AutoZone, Inc. engages in the retail and distribution of automotive replacement parts and accessories. It operates under the Auto Part Stores and Other segments. The company was founded by Joseph R. Hyde, III on July 4, 1979 and is headquartered in Memphis, TN.
AutoZone (NYSE: $AZO) Set for Q3 Earnings Report Before the BellAutoZone, Inc. (NYSE: NYSE:AZO ), the leading auto parts and accessories retailer, is set to report its third-quarter results today, Tuesday, September 24th, 2024, before the market opens. Investors and analysts alike are closely watching for key insights into the company’s performance, as the auto
AutoZone in the ZoneFundamentals aside, NYSE:AZO price chart is showing the 2,740 2,800 zone as a respected support. Stock price has been around the 200 EMA D (55 EMA W) zone for 20 days while it went into an increasing negative momentum. Now the strength of the down trend started to fall as it looses negative moment
AZO potential Buy setupReasons for bullish bias:
- Price bounce from channel support
- Weekly hammer candle at support
- Price bounced from horizontal support
- No divergence
- Positive Earnings
Here are the recommended trading levels:
Entry Level(CMP): 2817.00
Stop Loss Level: 2702.50
Take Profit Level 1: 2985.48
Take P
AZO in a long-term uptrendhi traders,
AZO has been in a long-term uptrend. The price retests the upsloping support again. It may be a great opportunity to buy AZO and play the trend continuation.
The trend is up and the trend is your friend until the end.
The target for longs: the upsloping resistance of the channel.
Good
AZO - it may not come back to the support levelFirst thing first, just because someone introduced you a stock, it does not mean you have to BUY. WHY must you follow others' portfolio to a T? Everyone's financial objectives are different, with different time frame, expectations, risks tolerance, etc.
DYODD - are you familiar with the business ?
AZO: My Technical ViewAutozone has been in a clear uptrend since March 2021 and I'd see this uptrend continue after possible pullbacks. Areas plotted to look out for, duplicated trend lines expected to work as S/R zones, combined with daily and weekly MAs to be used as S/R confluences.
Buy AZO at 2642Car manufactures are backing down on the EV push.
So ICE base cars will be around longer than expected.
AZO solid earnings, profits, and extensive share buy back approach.
PE around 19.
Earnings tomorrow.
15 % Net Income Ration
AZO AutoZone Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AZO AutoZone prior to the earnings report this week,
I would consider purchasing the 2500usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $60.35.
If these options prove to be profitable prior to the earn
1.5:1 head and shoulders autozonereasonable clean 15 minute pattern
1.5:1 head and shoulders autozone
See all ideas
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Frequently Asked Questions
The current price of AZO is 3,153.04 USD — it has increased by 0.74% in the past 24 hours. Watch AutoZone, Inc. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NYSE exchange AutoZone, Inc. stocks are traded under the ticker AZO.
AZO stock has risen by 4.22% compared to the previous week, the month change is a 0.99% rise, over the last year AutoZone, Inc. has showed a 23.63% increase.
We've gathered analysts' opinions on AutoZone, Inc. future price: according to them, AZO price has a max estimate of 3,575.00 USD and a min estimate of 2,600.00 USD. Watch AZO chart and read a more detailed AutoZone, Inc. stock forecast: see what analysts think of AutoZone, Inc. and suggest that you do with its stocks.
AZO stock is 3.00% volatile and has beta coefficient of 0.42. Track AutoZone, Inc. stock price on the chart and check out the list of the most volatile stocks — is AutoZone, Inc. there?
Today AutoZone, Inc. has the market capitalization of 53.47 B, it has decreased by −3.70% over the last week.
Yes, you can track AutoZone, Inc. financials in yearly and quarterly reports right on TradingView.
AutoZone, Inc. is going to release the next earnings report on Dec 3, 2024. Keep track of upcoming events with our Earnings Calendar.
AZO earnings for the last quarter are 48.11 USD per share, whereas the estimation was 53.60 USD resulting in a −10.25% surprise. The estimated earnings for the next quarter are 34.00 USD per share. See more details about AutoZone, Inc. earnings.
AutoZone, Inc. revenue for the last quarter amounts to 5.84 B USD, despite the estimated figure of 6.23 B USD. In the next quarter, revenue is expected to reach 4.31 B USD.
AZO net income for the last quarter is 902.21 M USD, while the quarter before that showed 651.73 M USD of net income which accounts for 38.43% change. Track more AutoZone, Inc. financial stats to get the full picture.
No, AZO doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. AutoZone, Inc. EBITDA is 4.34 B USD, and current EBITDA margin is 23.46%. See more stats in AutoZone, Inc. financial statements.
Like other stocks, AZO shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade AutoZone, Inc. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So AutoZone, Inc. technincal analysis shows the strong buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating AutoZone, Inc. stock shows the buy signal. See more of AutoZone, Inc. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.