AutoZone, Inc. (AZO - Free Report) , the nation’s leading retailer of automotive replacement parts, reported earnings of $13.42 per share in the third quarter of fiscal 2018 (ended on May 5, 2018), beating the Zacks Consensus Estimate of $12.99. Earnings per share in the third-quarter fiscal 2017 were $11.44.
Revenues
AutoZone logged revenues of $2.66 billion, lagging behind the Zacks Consensus Estimate of $2.71 billion. However, revenues were higher than a year-ago quarter figure of $2.62 billion.
Estimate Trend & Surprise History
Investors should note that the third quarter of fiscal 2018 Zacks Consensus Estimate for earnings have moved downwards 0.3% to $12.99 per share over the past 30 days.
Meanwhile, the company delivered a positive earnings surprise in three of the trailing four quarters, and missed in once, with an average beat of around 3.8%.
Key Stats/Developments to Note
In the third quarter of fiscal 2018, AutoZone repurchased 599,000 shares for $400 million, reflecting an average price of $667 per share. The company had shares worth $897 million remaining for repurchase at the end of the third quarter.
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!
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AutoZone, Inc. (AZO - Free Report) , the nation’s leading retailer of automotive replacement parts, reported earnings of $13.42 per share in the third quarter of fiscal 2018 (ended on May 5, 2018), beating the Zacks Consensus Estimate of $12.99. Earnings per share in the third-quarter fiscal 2017 were $11.44.
Revenues
AutoZone logged revenues of $2.66 billion, lagging behind the Zacks Consensus Estimate of $2.71 billion. However, revenues were higher than a year-ago quarter figure of $2.62 billion.
Estimate Trend & Surprise History
Investors should note that the third quarter of fiscal 2018 Zacks Consensus Estimate for earnings have moved downwards 0.3% to $12.99 per share over the past 30 days.
Meanwhile, the company delivered a positive earnings surprise in three of the trailing four quarters, and missed in once, with an average beat of around 3.8%.
Key Stats/Developments to Note
In the third quarter of fiscal 2018, AutoZone repurchased 599,000 shares for $400 million, reflecting an average price of $667 per share. The company had shares worth $897 million remaining for repurchase at the end of the third quarter.
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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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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