AutoZone Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

AutoZone, Inc. AZO is projected to release financial results for its first quarter, before the opening bell on Dec. 5, 2023.

Analysts expect the company to post quarterly earnings at $31.18 per share, up from year-ago earnings of $27.45 per share. The company's revenue might come in at $4.20 billion for the latest quarter, according to data from Benzinga Pro.

AutoZone, during September, reported better-than-expected earnings for its fourth quarter.

AutoZone shares gained 0.5% to close at $2,609.93 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Wedbush analyst Seth Basham reiterated an Outperform rating with a price target of $2,750 on Nov. 29, 2023. This analyst has an accuracy rate of 71%.
• Truist Securities analyst Scot Ciccarelli maintained a Buy rating and raised the price target from $2,863 to $2,933 on Nov. 22, 2023. This analyst has an accuracy rate of 73%.
• Oppenheimer analyst Brian Nagel downgraded the stock from Outperform to Perform and cut the price target from $2,850 to $2,600 on Oct. 6, 2023. This analyst has an accuracy rate of 69%.
• DA Davidson analyst Michael Baker maintained a Neutral rating and boosted the price target from $2,425 to $2,500 on Sept. 20, 2023. This analyst has an accuracy rate of 80%.
• JP Morgan analyst Christopher Horvers maintained an Overweight rating and increased the price target from $2,950 to $2,975 on Sept. 20, 2023. This analyst has an accuracy rate of 73%.

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