Alert: New Earnings Report (5/21/24)-AutoZone Inc (NYSE: AZO).

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AutoZone Inc (NYSE: AZO) has reported E.P.S. of $37.73 for its third fiscal quarter (ending May 31) versus $35.22 for the same period a year ago. For the latest four quarters through May 31, E.P.S. were $148.79 versus $130.77 for the same period a year ago.

Recent Price Action

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AutoZone Inc (NYSE: AZO) stock closed at $2820.83 on 5/21/24 after a decline of -3.5%. Moreover, unusually high trading volume at 199% of normal accompanied the decline. The stock has declined -4.0% during the last week but has been strong relative to the market over the last nine months.

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.

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