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February 22, 2013
08:13 EDTAZOAutoZone likely to report lower than expected Q2 comp, says Stifel Nicolaus
Stifel Nicolaus expects AutoZone to report higher than expected Q2 EPS but lower than expected comparative sales. The firm expects the company's comparative sales to be hurt by short-term delays in tax refunds and the payroll tax increase, but it expects sales to rebound later in 2013 as comps ease and new car sales slow. The firm thinks the company's multiple and results could improve later in the year and it maintains a Buy rating.
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