AutoZone Prepares for Q1 Earnings Report: Insights from Analysts

AutoZone, Inc. (NYSE: AZO) is set to announce its first quarter financial results before the market opens on Tuesday, December 10.

Expectations are high for the Memphis, Tennessee-based company, with analysts forecasting quarterly earnings of $33.64 per share. This figure represents a growth compared to $32.55 per share during the same period last year. Additionally, analysts predict that AutoZone will generate quarterly revenues of approximately $4.31 billion, up from $4.19 billion the previous year, as noted in recent data from market analysts.

Previously, on September 24, AutoZone reported its fourth-quarter earnings of $51.58 per share, falling short of analysts' expectations, which were set at $53.53 per share.

In the stock market, AutoZone shares saw a slight rise of 0.4%, closing at $3,324.01 on the previous Monday.

For those interested in the latest analyst recommendations, insights can be found regarding how various analysts have rated AutoZone recently:

• Wells Fargo analyst Zachary Fadem maintained an Overweight rating and adjusted the price target from $3,400 to $3,450 on December 3, achieving an accuracy rate of 88%.
• Analyst Scott Stember from Roth MKM reinstated a Buy rating with a price target of $3,634 on October 16 and has a 73% accuracy rate.
• Truist Securities' Scot Ciccarelli kept a Buy rating while increasing the price target from $3,341 to $3,501 on October 14, with 70% accuracy.
• Greg Melich from Evercore ISI Group upheld an Outperform rating and increased the price target from $3,300 to $3,350 on October 3, achieving 84% accuracy.
• DA Davidson's Michael Baker maintained a Neutral stance with a price target of $3,025 as of September 30, holding a 76% accuracy rate.

Investors considering AutoZone stock should review these analyst opinions to make informed decisions.

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AutoZone, Earnings, Analysts