For its second fiscal quarter (ending February 28), AutoZone Inc (NYSE: AZO) has reported a 17% increase in E.P.S. from $25.48 a year ago to $29.74 in the current quarter. This result exceeded the consensus estimate of $29.72 by $0.02. For the latest four quarters through February 28, E.P.S. were $146.34 versus $125.61 for the same period a year ago — an increase of 17%.
Recent Price Action
AutoZone Inc (NYSE: AZO) stock enjoyed a very large increase of 6.7% on 2/27/24. The shares closed at $2954.99. Moreover, this advance was accompanied by exceptionally high trading volume at 241% of normal. The stock has been strong relative to the market over the last nine months and has risen 8.3% during the last week.
Current PriceTarget Research Rating
AZO is expected to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
AutoZone is currently unrated.
Rating Review
The stock is currently unrated.
Be the first to comment