AutoZone (AZO) Q2 Earnings Up Y/Y, Revenues In Line

AutoZone, Inc. (NYSE:AZO) is a leading distributor of automotive replacement parts and accessories in the United States.

Earnings

In the second-quarter fiscal 2019 (Feb 9, 2019), AutoZone reported earnings of $11.49 per share. The bottom-line in the year-ago quarter was $10.38.

Revenues

The company reported net sales to $2.45 billion, higher than $2.41 billion recorded in the year-ago quarter. Further, the figure is in line with the Zacks Consensus Estimate.

Estimate Trend & Surprise History

Investors should note that stock has witnessed the Zacks Consensus Estimate for fiscal 2019 earnings being revised 0.24% upward over the last seven days.

AutoZone surpassed estimates in all trailing four quarters, leading to an average positive surprise was 8.8%.

Key Stats

During the reported quarter, the company opened 20 stores in the United States, one in Mexico and two in Brazil. As of Feb 9, 2019, it had 6,241 stores. Also, AutoZone repurchased 422,000 shares for $350 million, reflecting an average price of $830 per share.

Zacks Rank

AutoZone currently holds a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on AutoZone’s earnings report!

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>


AutoZone, Inc. (AZO): Free Stock Analysis Report

Original post

Zacks Investment Research