AutoZone Q1 EPS $32.55 Beats $31.57 Estimate, Sales $4.19B Miss $4.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
AutoZone (NYSE:AZO) reported Q1 earnings per share (EPS) of $32.55, surpassing the analyst estimate of $31.57 by 3.1% and marking an 18.58% increase from last year's $27.45 EPS. However, their quarterly sales of $4.19B slightly missed the consensus estimate of $4.20B by 0.24%, though it still represents a 5.14% increase from the previous year.
December 05, 2023 | 12:04 pm
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AutoZone reported a strong Q1 EPS of $32.55, beating estimates and showing significant year-over-year growth, but experienced a slight miss in sales against expectations.
The EPS beat is likely to be viewed positively by investors, indicating strong profitability and growth. However, the slight miss in sales could temper the market's reaction, leading to a neutral short-term impact on the stock price. The mixed results present both positive and negative signals, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100