AutoZone Q3 2024 GAAP EPS $36.69 Beats $36.20 Estimate, Sales $4.235B Miss $4.298B Estimate
Portfolio Pulse from Benzinga Newsdesk
AutoZone (NYSE:AZO) reported Q3 2024 earnings per share (EPS) of $36.69, beating the analyst consensus estimate of $36.20 by 1.35%. However, the company's quarterly sales of $4.235 billion missed the analyst consensus estimate of $4.298 billion by 1.46%. This represents a 3.52% increase over sales of $4.091 billion in the same period last year.
May 21, 2024 | 10:56 am
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AutoZone's Q3 2024 EPS of $36.69 beat estimates, but sales of $4.235 billion missed expectations. Despite the sales miss, the company showed a 3.52% year-over-year increase in sales.
The mixed results, with EPS beating but sales missing estimates, suggest a neutral short-term impact on AutoZone's stock price. The year-over-year sales increase is a positive sign, but the sales miss may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100