Earnings Forecasts: AutoZone to Report Strong Growth

Analysts predict an optimistic earnings report for AutoZone, while Thor Industries faces a challenging quarter. The reports reveal significant movements in earnings expectations that could impact stock price performance.

Date: 25-09-2024

AI Rating: 6

AutoZone, Inc. (AZO) is projected to report earnings per share (EPS) of $53.59 for the quarter ending August 31, 2024, reflecting a robust 15.35% increase from the year prior. This positive projection is supported by AutoZone's consistent performance in exceeding earnings expectations in past quarters, boosting investor confidence.

The 2024 Price to Earnings (P/E) ratio for AutoZone stands at 19.99, significantly lower than the industry average of 24.60, suggesting that the stock may be undervalued and could attract investors seeking growth.

On the other hand, Thor Industries, Inc. (THO) is facing a notable downturn, with an EPS forecast of $1.35 for the quarter ending July 31, 2024, indicating a concerning 19.64% decrease compared to the same period last year. This negativity is exacerbated by the company's previous performance, having missed earnings expectations by a substantial -42.03% in the first calendar quarter of 2024.

Thor Industries also has a P/E ratio of 21.61, which is close to the industry standard of 22.40 but reflects underlying struggles that may dissuade investors.

Stocks: AZO THO