|Day's Range||593.89 - 609.85|
|52 Week Range||573.80 - 819.54|
|PE Ratio (TTM)||14.20|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Advance Auto Parts and AutoZone are among the retailers whose results fell short of Street estimates.
Shares of Advance Auto Parts (AAP) dropped 5.4% yesterday after releasing disappointing earnings, a miss that wasn't exactly a surprise coming as they did after AutoZone's (AZO) own disappointment. Check out this chart of Advance Auto Parts: Advance has dropped below the level where it had found support during previous down drafts in the stock. Guggenheim's Steven Forbes and team stay Neutral rated on Advance Auto Parts: A Lot of Initiatives Equals Elevated Uncertainty—We Remain in Search of an Entry Point.
AutoZone (AZO:NYSE) By Gabelli & Co. ($581.40, May 24, 2017) We are projecting AutoZone’s earnings of $44.15 per share in fiscal 2017 growing to $48.80 per share in fiscal 2018. Lowering our earnings before interest, taxes, depreciation and amortization (Ebitda) multiple to 10 times from 11 times on lower industry trends for the year, AutoZone (AZO) trades at an approximate 24% discount to our 2018 private market value (PMV) estimate of $764 per share and we see a wide enough margin of safety to recommend investors Buy AutoZone. AutoZone reported negative 0.8% comps for the fiscal third quarter ended May 6, delivering EPS of $11.44 (including a 32 cents benefit from an accounting change around the exercise of stock options) versus $10.77, on revenue up 1% to $2.6 billion.