AutoZone, Inc. (AZO - Free Report), the nation’s leading retailer of automotive replacement parts, reported earnings of $13.42 per share in the third quarter of fiscal 2018 (ended on May 5, 2018), beating the Zacks Consensus Estimate of $12.99. Earnings per share in the third-quarter fiscal 2017 were $11.44.
Revenues
AutoZone logged revenues of $2.66 billion, lagging behind the Zacks Consensus Estimate of $2.71 billion. However, revenues were higher than a year-ago quarter figure of $2.62 billion.
Estimate Trend & Surprise History
Investors should note that the third quarter of fiscal 2018 Zacks Consensus Estimate for earnings have moved downwards 0.3% to $12.99 per share over the past 30 days.
Meanwhile, the company delivered a positive earnings surprise in three of the trailing four quarters, and missed in once, with an average beat of around 3.8%.
AutoZone, Inc. Price and EPS Surprise
AutoZone, Inc. Price and EPS Surprise | AutoZone, Inc. Quote
Key Stats/Developments to Note
In the third quarter of fiscal 2018, AutoZone repurchased 599,000 shares for $400 million, reflecting an average price of $667 per share. The company had shares worth $897 million remaining for repurchase at the end of the third quarter.
Zacks Rank
AutoZone currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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