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.
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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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.
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!
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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