Consensus revenue for the fiscal fourth quarter is $6.71 billion while earnings per share are expected to reach $54.97, as the stock trades at $2,855.31, significantly below the average analyst price target of $3,913.62.
Investors are primarily focused on domestic same-store sales growth, which is expected to moderate to approximately 3.7% for the period.
The company faces challenging year-over-year comparisons and macroeconomic headwinds from higher fuel costs, which continue to pressure the price-sensitive do-it-yourself consumer segment.
Conversely, analysts are encouraged by the continued strength of the commercial business and the expected normalization of LIFO inventory expenses, which should support long-term margin improvement.