These Analysts Revise Their Forecasts On AutoZone After Q4 Results
Portfolio Pulse from Lisa Levin
AutoZone Inc (NYSE:AZO) reported better-than-expected Q4 FY23 earnings, with sales growth of 6.4% YoY to $5.69 billion, beating the consensus of $5.61 billion. EPS of $46.46 also beat the consensus of $45.12. Following the announcement, several analysts revised their price targets on AutoZone, with most raising their targets. AutoZone shares gained 4% to trade at $2,575.11 on Wednesday.
September 20, 2023 | 6:30 pm
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AutoZone's better-than-expected Q4 FY23 earnings led to a 4% gain in share price and revised price targets by several analysts. Most analysts maintained a positive rating, indicating potential further growth.
AutoZone's strong Q4 earnings beat analyst expectations, leading to a positive reaction in the stock market with a 4% gain in share price. Several analysts revised their price targets, with most raising their targets, indicating a positive outlook for the company's stock. This suggests potential further growth in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100