These Analysts Slash Their Forecasts On AutoZone After Weak Sales
Portfolio Pulse from Avi Kapoor
AutoZone, Inc (NYSE:AZO) reported weaker-than-expected third-quarter sales, leading to a 3.5% drop in share price. Despite beating earnings per share estimates, the company missed revenue expectations. Analysts from Wolfe Research, Morgan Stanley, and Mizuho have lowered their price targets for AutoZone.
May 22, 2024 | 12:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
AutoZone reported weaker-than-expected Q3 sales, missing revenue expectations but beating EPS estimates. Analysts from Wolfe Research, Morgan Stanley, and Mizuho have lowered their price targets, leading to a 3.5% drop in share price.
AutoZone's weaker-than-expected Q3 sales and missed revenue expectations have led to a negative market reaction, with a 3.5% drop in share price. Analysts lowering their price targets further indicates a bearish short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100