AutoZone Q3 EPS $34.12 Beats $31.42 Estimate, Sales $4.09B Miss $4.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
AutoZone reported Q3 earnings of $34.12 per share, beating the analyst consensus estimate of $31.42 by 8.59%. However, quarterly sales of $4.09 billion missed the estimate of $4.12 billion by 0.73%.
May 23, 2023 | 10:57 am
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AutoZone's Q3 earnings beat estimates, but sales missed expectations.
AutoZone's earnings beat estimates, which is a positive signal for investors. However, the missed sales estimate may offset the positive impact on the stock price in the short term, resulting in a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100