AZO Stock Recent News

AZO's fourth-quarter fiscal 2024 earnings miss the Zacks Consensus Estimate while revenues beat the same.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

AutoZone, Inc. (NYSE:AZO ) Q4 2024 Earnings Conference Call September 24, 2024 10:00 AM ET Company Participants Brian Campbell - Vice President, Treasurer, Investor Relations & Tax Phil Daniele - Chief Executive Officer Jamere Jackson - Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Bret Jordan - Jefferies Chris Horvers - JPMorgan Steven Forbes - Guggenheim Securities Robbie Ohmes - Bank of America Michael Lasser - UBS Michael Baker - D.A. Davidson Zach Fadem - Wells Fargo Brian Campbell Before we begin, please note that today's call includes forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

AutoZone, Inc. remains a top long-term holding due to its consistent growth, international expansion, and robust buyback program that enhances shareholder value. Fiscal Q4 saw record sales of $6.2 billion, with comparable store sales up 1.3% and international comps surging 9.9%. Despite a slight EPS miss, AutoZone's aggressive share repurchase program continues to drive significant EPS growth and shareholder returns.

Seth Basham with Wedbush Securities says AutoZone's (AZO) business model remains "resilient" despite its earnings miss, but notes "there are still headwinds" for its profitability. CFRA's Garrett Nelson calls the expectations miss "uncharacteristic" for the company, as he and Seth map out the road ahead for AutoZone.

Auto parts retailer AutoZone reported a lower-than-expected fourth-quarter profit on Tuesday, hurt by inflationary challenges, sending its shares down almost 5% in early trade.

AutoZone (AZO) came out with quarterly earnings of $48.11 per share, missing the Zacks Consensus Estimate of $53.31 per share. This compares to earnings of $46.46 per share a year ago.

AutoZone's stock dropped in early Tuesday trading, after the auto-parts retailer reported quarterly earnings and sales that rose, but not enough to meet expectations, as U.S. results continued to underperform.

AutoZone, Inc. AZO will release earnings results for its fourth quarter fiscal 2024, before the opening bell on Tuesday, Sept. 24.

American stocks had a strong performance this week as the Federal Reserve embarked on an interest rate cutting cycle in its bid to engineer a soft landing. The S&P 500 index jumped to a record high and analysts see it continuing its strong performance.