The Best Options Trade for AutoZone (AZO) Earnings
On Thursday, September 22nd, AutoZone (AZO) will release its Q4 earnings results before the bell. The company is a Zacks Rank #4 (Sell), and they were downgraded within the last 30 days due to a downward revision in earnings estimates.
Dave will investigate AutoZone’s past earnings, look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on AutoZone ahead of earnings.
AutoZone in Focus
AutoZone is the nation's leading specialty retailer of automotive parts and accessories, primarily focusing on do-it-yourself customers. Each of the company's auto parts store carries an extensive product line for cars, vans and light trucks, including new and re-manufactured automotive hard parts, maintenance items, and accessories. Many of the company's domestic auto parts stores also has a commercial sales program, which provides commercial credit and prompt delivery of parts and other products to local repair garages, dealers and service stations.
AutoZone is expected to report earnings at $14.31 per share according to the Zacks Consensus Estimate. Last quarter they reported earnings at $10.77 per share, and they missed the Zack’s Consensus Estimate by $0.19 per share.
AUTOZONE INC Price, Consensus and EPS Surprise
AUTOZONE INC Price, Consensus and EPS Surprise | AUTOZONE INC Quote
AutoZone is trading around $742.42 a share.
The Retail-Auto Parts industry is in the Top 39% of the Zacks Industry Rank. On the plus side there will alwasy be a demand for auto parts and accessories. Furthermore, AutoZone has done a good job providing information and advice to consumers who are willing to work on their own automobile.
That said, AutoZone is in a very competitive sector including major competitors such as O’Reilly (ORLY) and Advance Auto Parts (AAP). Therefore, investors need to keep in mind AutoZone is in a competitive sector moving forward.
Bottom Line
David will be giving us his earnings predictions when he goes live on Tuesday.
But how should investors play this company ahead of its report? For insights on the best options trades, make sure to watch Dave Bartosiak at 1pm Central time on Wednesday on our YouTube Channel, and check out our other recent videos for more investing information.
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O REILLY AUTO (ORLY): Free Stock Analysis Report
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