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AutoZone, Inc. (AZO - Free Report) is one of the nation’s leading specialty retailers of automotive replacement parts and accessories, operating in the Do-It-Yourself (“DIY”) retail, Do-It-for-Me (“DIFM”) commercial and other customer markets. The company is focused on increasing sales through store expansion and boosting earnings per share via an aggressive share repurchase program.
However, AutoZone has been facing challenges in terms higher expenses related to opening new distribution centers and increasing the frequency of delivery to stores.
Estimate Trend & Surprise History
Investors should note that the fourth quarter (ended Aug 26, 2017) of fiscal 2017 earnings estimates for AutoZone have been going down over the past week and month.
Meanwhile, the company delivered a positive earnings surprise in one of the trailing four quarters, met expectations in one and missed in two, with an average miss of around 1.5%.
AutoZone reported adjusted earnings of $15.18 per share in the fourth quarter of fiscal 2017, beating the Zacks Consensus Estimate of $15.11. Earnings were 6.1% higher than in the year-ago quarter.
Revenues
AutoZone logged revenues of $3.51 billion, surpassing the Zacks Consensus Estimate of $3.49 billion. Moreover, revenues were 3.3% higher than a year-ago.
Key Stats/Developments to Note
In the fourth quarter of fiscal 2017, AutoZone repurchased 366,000 shares for $227 million, reflecting an average price of $622 per share. The company had shares worth $824 million remaining for repurchase at the end of the fiscal year.
Check back later for our full write up on AutoZone’s earnings report!
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
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AutoZone (AZO) Q4 Earnings, Revenues Beat Estimates
AutoZone, Inc. (AZO - Free Report) is one of the nation’s leading specialty retailers of automotive replacement parts and accessories, operating in the Do-It-Yourself (“DIY”) retail, Do-It-for-Me (“DIFM”) commercial and other customer markets. The company is focused on increasing sales through store expansion and boosting earnings per share via an aggressive share repurchase program.
However, AutoZone has been facing challenges in terms higher expenses related to opening new distribution centers and increasing the frequency of delivery to stores.
Estimate Trend & Surprise History
Investors should note that the fourth quarter (ended Aug 26, 2017) of fiscal 2017 earnings estimates for AutoZone have been going down over the past week and month.
Meanwhile, the company delivered a positive earnings surprise in one of the trailing four quarters, met expectations in one and missed in two, with an average miss of around 1.5%.
AutoZone, Inc. Price and EPS Surprise
AutoZone, Inc. Price and EPS Surprise | AutoZone, Inc. Quote
Earnings
AutoZone reported adjusted earnings of $15.18 per share in the fourth quarter of fiscal 2017, beating the Zacks Consensus Estimate of $15.11. Earnings were 6.1% higher than in the year-ago quarter.
Revenues
AutoZone logged revenues of $3.51 billion, surpassing the Zacks Consensus Estimate of $3.49 billion. Moreover, revenues were 3.3% higher than a year-ago.
Key Stats/Developments to Note
In the fourth quarter of fiscal 2017, AutoZone repurchased 366,000 shares for $227 million, reflecting an average price of $622 per share. The company had shares worth $824 million remaining for repurchase at the end of the fiscal year.
Zacks Rank
AutoZone currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Check back later for our full write up on AutoZone’s earnings report!
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>