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AutoZone (AZO) Surpasses Q1 Earnings & Revenue Estimates
AutoZone, Inc. (AZO - Free Report) is a leading retailer and distributor of automotive replacement parts and accessories. The company reported first-quarter fiscal 2020 results, wherein adjusted earnings of $14.30 per share beat the Zacks Consensus Estimate of $13.69.
Revenue: AutoZone posted revenues of $2.79 billion in the quarter, which beat the Zacks Consensus Estimate of $2.76 billion.
Estimates Revision: The Zacks Consensus Estimate for the first quarter has decreased over the past 30 days. The company’s earnings have surpassed the Zacks Consensus Estimate in all the trailing four quarters, excluding quarter under review, by an average positive surprise of 8.74%.
Key Stats/Developments to Note
Domestic same-store sales (sales at stores open at least for a year) rose 3.4% year over year in the quarter.
AutoZone, Inc. Price and EPS Surprise
AutoZone, Inc. price-eps-surprise | AutoZone, Inc. Quote
Zacks Rank: Currently, AutoZone carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: AutoZone’s shares were up around 5.4% following the release. Check back later for our full write up on AutoZone earnings report!
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