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.