AutoZone Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
AutoZone, Inc. (NYSE:AZO) is expected to report higher earnings for Q1 before the market opens on Dec. 5, 2023. Analysts predict earnings of $31.18 per share, up from $27.45 per share a year ago, with revenue estimated at $4.20 billion. The stock closed up 0.5% at $2,609.93 recently. Analysts from Wedbush, Truist Securities, Oppenheimer, DA Davidson, and JP Morgan have provided ratings and price targets, with varying degrees of accuracy and optimism.
December 01, 2023 | 3:48 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AutoZone is anticipated to report increased earnings for Q1, with analysts projecting a rise in EPS and revenue. Recent analyst ratings and price targets suggest a positive outlook, with the stock already showing a slight increase.
The anticipation of higher earnings typically leads to positive investor sentiment, which can drive the stock price up in the short term. The recent analyst ratings and price target adjustments further support a bullish outlook for AutoZone's stock. The slight increase in stock price prior to the earnings report also indicates positive market expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100