AutoZone's Earnings Outlook
Portfolio Pulse from Benzinga Insights
AutoZone (NYSE:AZO) is expected to release its quarterly earnings report on Tuesday, 2023-12-05, with an estimated EPS of $31.57. Investors are looking for an earnings beat and positive guidance for the next quarter. AutoZone's stock performance has been positive over the last 52 weeks, with an 8.57% increase. The stock was trading at $2641.75 as of December 01. Historical data shows that the company's share price reacts to both earnings performance and guidance provided.
December 04, 2023 | 3:00 pm
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AutoZone is anticipated to report quarterly earnings with investors expecting a beat on the estimated EPS of $31.57 and positive future guidance. The stock has risen 8.57% over the past year and was trading at $2641.75 as of the last check.
Given AutoZone's history of beating EPS estimates and the subsequent positive stock price reactions, there is a likelihood of a short-term positive impact on AZO's stock price if they beat the EPS estimate and provide favorable guidance. The stock's positive trend over the past year further supports investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100