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AutoZone, Inc. (AZO - Free Report) , the nation’s leading retailer of automotive replacement parts, reported adjusted earnings of $4.23 per share in the second quarter of fiscal 2018 (ended on Feb 10, 2018), missing the Zacks Consensus Estimate of $8.81.
Revenues
AutoZone logged revenues of $2.41 billion, surpassing the Zacks Consensus Estimate of $2.39 billion. Moreover, revenues were 5.4% higher than a year-ago.
Estimate Trend & Surprise History
Investors should note that the second quarter of fiscal 2018 Zacks Consensus Estimate for earnings have moved upwards 0.8% to $8.81 per share over the past 30 days.
Meanwhile, the company delivered a positive earnings surprise in two of the trailing four quarters, and missed in two, with an average miss of around 1%.
In the second quarter of fiscal 2018, AutoZone repurchased 227,000 shares for $174.9 million, reflecting an average price of $769 per share. The company had shares worth $296 million remaining for repurchase at the end of the second quarter.
Check back later for our full write up on AutoZone’s earnings report!
Zacks Top 10 Stocks for 2018
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AutoZone's (AZO) Q2 Earnings Miss Estimate
AutoZone, Inc. (AZO - Free Report) , the nation’s leading retailer of automotive replacement parts, reported adjusted earnings of $4.23 per share in the second quarter of fiscal 2018 (ended on Feb 10, 2018), missing the Zacks Consensus Estimate of $8.81.
Revenues
AutoZone logged revenues of $2.41 billion, surpassing the Zacks Consensus Estimate of $2.39 billion. Moreover, revenues were 5.4% higher than a year-ago.
Estimate Trend & Surprise History
Investors should note that the second quarter of fiscal 2018 Zacks Consensus Estimate for earnings have moved upwards 0.8% to $8.81 per share over the past 30 days.
Meanwhile, the company delivered a positive earnings surprise in two of the trailing four quarters, and missed in two, with an average miss of around 1%.
AutoZone, Inc. Price and EPS Surprise
AutoZone, Inc. Price and EPS Surprise | AutoZone, Inc. Quote
Key Stats/Developments to Note
In the second quarter of fiscal 2018, AutoZone repurchased 227,000 shares for $174.9 million, reflecting an average price of $769 per share. The company had shares worth $296 million remaining for repurchase at the end of the second quarter.
Zacks Rank
AutoZone currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Check back later for our full write up on AutoZone’s earnings report!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>