AutoZone, Inc. reports results for the quarter ended May 31 - Earnings Summary

• AutoZone, Inc. AZO.N reported quarterly adjusted earnings of $56.05​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of $35.36. The mean expectation of twenty four analysts for the quarter was for earnings of $53.86 per share. Wall Street expected results to range from $34.92 to $38.05 per share.

• Revenue rose 47.7% to $6.59 billion from a year ago; analysts expected $6.70 billion.

• AutoZone, Inc.'s reported EPS for the quarter was $56.05​.

• The company reported quarterly net income of $641.49 million.

• AutoZone, Inc. shares had fallen by 12.3% this quarter and lost 17.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, twenty four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto vehicles, parts & service retailers peer group is also "buy"

• Wall Street's median 12-month price target for AutoZone, Inc. is $3,784.56, about 25.9% above its last closing price of $2,803.25

This summary was machine generated from LSEG data September 22 at 03:10 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)