Alert: New Earnings Report (12/5/23)-AutoZone Inc (NYSE: AZO).

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AutoZone Inc (NYSE: AZO) has reported E.P.S. of $33.51 for its first fiscal quarter (ending November 30) versus $28.37 for the same period a year ago — an increase of 18%. Relative to the consensus estimate of $31.47, this was a premium of $2.04. E.P.S. were $142.04 for the latest four quarters through November 30 versus $123.11 for the same period a year ago — an increase of 15%.

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Recent Price Action

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On 12/5/23, AutoZone Inc (NYSE: AZO) stock rose slightly by 0.3%, closing at $2671.13. Moreover, unusually high trading volume at 159% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 2.2% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to fall short of the cost of capital, AZO is expected to be a major Value Eraser.

AutoZone is currently unrated.

Rating Review

The stock is currently unrated.

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