Markets
AZO

AutoZone's (AZO) Q3 Earnings Beat Estimate, Up Y/Y

AutoZone, Inc.AZO , 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%.

AutoZone, Inc. Price and EPS Surprise

AutoZone, Inc. Price and EPS Surprise | AutoZone, Inc. Quote

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 >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

AutoZone, Inc. (AZO): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AZO

Other Topics

Earnings Investing Stocks

Latest Markets Videos