AutoZone will report its third-quarter earnings Tuesday before the bell, with the market expecting revenue to grow 7.4% year on year. Last quarter, the auto parts and accessories retailer posted revenues of $4.84 billion, up 8.4% year on year, missing analysts' revenue expectations while narrowly beating gross margin estimates. Analysts have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings, though AutoZone has missed Wall Street's revenue estimates multiple times over the last two years. AutoZone is the first among its peers to report earnings this season, leaving no other read on how the quarter will unfold for automotive and marine retail stocks. The broader sector has sold off over the last month, with AutoZone's peer group down 8.6% on average while AutoZone itself is down 5.1% over the same period.
AutoZone IncAutoZone is set to report Q3 earnings Tuesday with 7.4% revenue growth expected, but it has missed revenue estimates multiple times recently, making the outcome unclear.
