In This Article:
Earnings Calendar For The Week Of December 6
Monday (December 6)
Tuesday (December 7)
IN THE SPOTLIGHT: AUTOZONE
The Memphis, Tennessee-based auto parts retailer AutoZone is expected to report earnings per share of $20.78 in the fiscal first quarter, which represents year-over-year growth of about 12% from $18.61 per share seen in the same period a year ago.
The company, which is a major retailer and distributor of automotive replacement parts and accessories, is on track to beat earnings per share estimates again after having beaten it for 12 consecutive quarters. The company is expected to post revenue growth of about 6% to $3.33 billion.
The company is expected to earn $97.73 per share and generate $14.81 billion in revenue for the entire fiscal year, according to Zacks Research. These results demonstrate increases of 2.67 % and 1.22 % over last year, respectively.
“We see AutoZone (AZO) as a high-quality retailer with the ability to compound earnings/FCF growth over time. While not immune to a tougher macro backdrop (fewer miles driven), we believe AZO is best positioned through any recession given its leading exposure to the more defensive DIY segment (~80% of sales),” noted Simeon Gutman, equity analyst at Morgan Stanley.
“In addition, its DIFM growth was accelerating pre-COVID-19 and we think it can gain more share in that segment going forward. In our view, ongoing share gains coupled with solid expense management should allow AZO to overcome headwinds from less driving in the near- to medium-term. These advantages seem priced in currently.”
TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE DECEMBER 7
| Ticker | Company | EPS Forecast |
| AutoZone | $20.71 | |
| Ashtead Group | £0.62 | |
| Sprint | -$0.18 | |
| Toll Brothers | $2.48 | |
| Casey’s General Stores | $2.79 | |
| H&R Block | -$0.94 |
Wednesday (December 8)
| Ticker | Company | EPS Forecast |
| United Natural Foods | $0.58 | |
| Korn Ferry International | $1.37 | |
| Thor Industries | $2.70 | |
| Restoration Hardware | $6.62 | |
| Greif | $1.47 | |
| GameStop | -$0.52 | |
| Campbell Soup | $0.81 |
Thursday (December 9)
IN THE SPOTLIGHT: LULULEMON ATHLETICA, BROADCOM
LULULEMON: The Vancouver-based healthy lifestyle-inspired athletic retailer is expected to report its fiscal third-quarter earnings of $1.40 per share, which represents year-over-year growth of over 20% from $1.16 per share seen in the same period a year ago.