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AutoZone's (AZO) Q2 Earnings Miss Estimate
AutoZone, Inc. (AZO - Free Report) , the nation’s leading retailer of automotive replacement parts, reported adjusted earnings of $4.23 per share in the second quarter of fiscal 2018 (ended on Feb 10, 2018), missing the Zacks Consensus Estimate of $8.81.
Revenues
AutoZone logged revenues of $2.41 billion, surpassing the Zacks Consensus Estimate of $2.39 billion. Moreover, revenues were 5.4% higher than a year-ago.
Estimate Trend & Surprise History
Investors should note that the second quarter of fiscal 2018 Zacks Consensus Estimate for earnings have moved upwards 0.8% to $8.81 per share over the past 30 days.
Meanwhile, the company delivered a positive earnings surprise in two of the trailing four quarters, and missed in two, with an average miss of around 1%.
AutoZone, Inc. Price and EPS Surprise
AutoZone, Inc. Price and EPS Surprise | AutoZone, Inc. Quote
Key Stats/Developments to Note
In the second quarter of fiscal 2018, AutoZone repurchased 227,000 shares for $174.9 million, reflecting an average price of $769 per share. The company had shares worth $296 million remaining for repurchase at the end of the second quarter.
Zacks Rank
AutoZone currently has a Zacks Rank #2 (Buy). 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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