AutoZone, Inc. (AZO - Free Report) , the nation’s leading retailer of automotive replacement parts, reported adjusted earnings of $9.96 per share in the first quarter of fiscal 2018 (ended on Nov 18, 2017), beating the Zacks Consensus Estimate of $9.80. Earnings were 6.8% higher than in the year-ago quarter.
Revenues
AutoZone logged revenues of $2.59 billion, surpassing the Zacks Consensus Estimate of $2.54 billion. Moreover, revenues were 4.9% higher than a year-ago.
Estimate Trend & Surprise History
Investors should note that the first quarter of fiscal 2018 Zacks Consensus Estimate for earnings have remained unchanged over the past 60 days.
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 1.4%.
Key Stats/Developments to Note
In the first quarter of fiscal 2017, AutoZone repurchased 597,000 shares for $353 million, reflecting an average price of $590 per share. The company had shares worth $471 million remaining for repurchase at the end of the fiscal year.
Zacks Rank
AutoZone currently has a Zacks Rank #4 (Sell). 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!
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AutoZone, Inc. (AZO - Free Report) , the nation’s leading retailer of automotive replacement parts, reported adjusted earnings of $9.96 per share in the first quarter of fiscal 2018 (ended on Nov 18, 2017), beating the Zacks Consensus Estimate of $9.80. Earnings were 6.8% higher than in the year-ago quarter.
Revenues
AutoZone logged revenues of $2.59 billion, surpassing the Zacks Consensus Estimate of $2.54 billion. Moreover, revenues were 4.9% higher than a year-ago.
Estimate Trend & Surprise History
Investors should note that the first quarter of fiscal 2018 Zacks Consensus Estimate for earnings have remained unchanged over the past 60 days.
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 1.4%.
Key Stats/Developments to Note
In the first quarter of fiscal 2017, AutoZone repurchased 597,000 shares for $353 million, reflecting an average price of $590 per share. The company had shares worth $471 million remaining for repurchase at the end of the fiscal year.
Zacks Rank
AutoZone currently has a Zacks Rank #4 (Sell). 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!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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