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.
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.
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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