FMP
Sep 24, 2024 6:21 PM - Davit Kirakosyan(Last modified: Sep 25, 2024 12:15 AM)
Image credit: FMP
AutoZone (NYSE:AZO) reported its fourth-quarter earnings, falling short of analyst expectations and leading to a more than 2% drop in its stock intra-day today.
The auto parts retailer posted adjusted earnings per share of $48.11 for the quarter, missing the Street estimate of $53.61. Revenue for the quarter reached $6.2 billion, slightly below the expected $6.23 billion, though it marked a 9.0% year-over-year increase.
Same-store sales for the quarter grew by 0.7% over a 16-week period, with domestic same-store sales edging up just 0.2%. AutoZone pointed to ongoing challenges in its discretionary merchandise categories, which have faced deferrals, as a key factor affecting performance. Phil Daniele, AutoZone's President and CEO, acknowledged the headwinds but noted that the company's Commercial sales showed improving momentum.
For the full fiscal year 2024, AutoZone reported $18.5 billion in sales, up 5.9% from the prior year. Earnings per share grew by 13.0%, reaching $149.55.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...