AutoZone, Inc. (AZO), the Memphis, Tennessee-based automotive replacement parts and accessories retailer, is gearing up to announce its fiscal Q1 earnings for 2026. With a market cap of $64 billion, the company caters to both DIY customers and professional repair shops through its extensive network of stores and distribution centers.
Analysts are anticipating AutoZone to report a profit of $32.27 per share for the upcoming quarter, slightly down from $32.52 per share in the same period last year. The company has a track record of missing Wall Street’s earnings expectations for the past four quarters, with its previous quarter’s earnings of $48.71 per share falling short by 3.6%.
Looking ahead to fiscal 2026, analysts project AutoZone to achieve a profit of $153.38 per share, indicating a 5.9% increase from the previous year. Furthermore, the company’s earnings per share are expected to grow by 18.1% year-over-year to $181.18 in fiscal 2027.
Despite these projections, shares of AZO have surged by 21.8% over the past 52 weeks, outperforming both the S&P 500 Index and the Consumer Discretionary Select Sector SPDR Fund. The stock remained stable following its mixed Q4 earnings release, where adjusted EPS grew by 1.2% year-over-year but fell short of consensus estimates. However, a 6.9% increase in adjusted net sales to $6.2 billion and a 5.1% rise in overall same-store sales on a constant currency basis provided some cushion.
Wall Street analysts hold a highly optimistic outlook on AutoZone’s stock, with an overall “Strong Buy” rating. Among the 28 analysts covering the stock, 22 recommend a “Strong Buy,” two suggest a “Moderate Buy,” three indicate “Hold,” and one advises a “Strong Sell.” The mean price target for AutoZone stands at $4,539.75, implying a 19% potential upside from current levels.
In conclusion, AutoZone continues to be a top player in the automotive replacement parts industry, with strong growth potential and positive analyst sentiment. As the company gears up to announce its fiscal Q1 earnings, investors will be closely watching to see if it can meet or exceed expectations.
