News & Events:AZO

U.S. indices finished Tuesday's trading session lower amid a continued sell-off in stocks. The Nasdaq composite finished lower by 2.20% to 11,769 and the Invesco QQQ Trust Series 1 lost 2.12% to $287.25. The S&P 500 traded lower by 0.79% to 3,942 and the SPDR S&P 500 ETF Trust lost 0.74% to $394.

Why AutoZone Shares Are Trading Higher Today

  AutoZone reported its Q3 earnings results on Tuesday, May 24, 2022 at 06:55 AM. Here's what investors need to know about the announcement. AutoZone beat estimated earnings by 11.44%, reporting an EPS of $29.03 versus an estimate of $26.05. Revenue was up $214.00 million from the same period last year.

Autozone Inc (AZO): * AUTOZONE (AZO) 3RD QUARTER SAME STORE SALES INCREASE 2.6%; EPS INCREASES TO $29.03. * Q3 EARNINGS PER SHARE $29.03. * Q3 SALES ROSE 5.9 PERCENT TO $3.9 BILLION. * DOMESTIC SAME STORE SALES, OR SALES FOR STORES OPEN AT LEAST ONE YEAR, INCREASED 2.6% FOR QUARTER.

AutoZone, Inc. (AZO) today reported net sales of $3.9 billion for its third quarter ended May 7, 2022, an increase of 5.9% from the third quarter of fiscal 2021. “We are very proud to report solid same store sales growth on top of last year’s remarkable 28.9%. Both our retail and commercial sales performance exceeded our expectations this quarter.

Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones jumped by more than 600 points in the previous session. The flash Composite Purchasing Managers' Index for May is scheduled for release at 9:45 a.m. ET.

Some of the stocks that may grab investor focus today are: Check out our premarket coverage here

  ** Elbit Systems is estimated to report quarterly earnings at $1.89 per share on revenue of $1.26 billion. ** Partner Communications Co is expected to report earnings for its first quarter. ** Dole is projected to report quarterly earnings at $0.35 per share on revenue of $2.32 billion. ** ATRenew is expected to report quarterly loss at $0.03 per share on revenue of $316.74 million.

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AutoZone is set to give its latest quarterly earnings report on Tuesday, 2022-05-24. Analysts estimate that AutoZone will report an earnings per share of $26.05. AutoZone bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

- A rout in consumer stocks gained more steam on Friday, as shares of Ross Stores (ROST) led a retreat of other discount stores to cap off a bleak week for retailers. Ross shares were down 24.4% at $70.06 after falling as low as $69.75 after the discount apparel retailer cut its 2022 same-store-sales estimate to a decline of 2%-4% versus an earlier flat-to-up 3% target.

Autozone Inc (AZO): * WEX INC (WEX) - ANNOUNCED A PARTNERSHIP WITH AUTOZONE. * WEX INC (WEX) - PARTNERSHIP WILL ALLOW ELIGIBLE WEX CUSTOMERS TO PURCHASE AUTO PARTS FOR CLASS 1-5 VEHICLES FROM AUTOZONE Source text for Eikon: Further company coverage:

WEX, the global commerce platform that simplifies the business of running a business, today announced a partnership with AutoZone (AZO), the leading retailer and distributor of automotive replacement parts and accessories with more than 6,800 stores in the Americas. “Vehicle parts are a significant expense for our customers who rely on their vehicles to operate their businesses.

While there are growing concerns about record inflation, rising borrowing costs, the psychological impact of Russia's invasion of Ukraine, and record-high gasoline prices, U.S. consumers continue to be very resilient, buoyed by broad-based labor-market strength, solid wage gains and accumulated savings during the pandemic.

Every day, the S&P 500 index opens for trading at 9:30 AM EST and closes at 4:00 PM EST. If the S&P 500 closes the trading day at 4,000 and the S&P 500 futures are trading at 4,020 the next morning, that creates a spread of 20 points. Theoretically, owning every stock in the S&P 500 should produce the same return as buying S&P 500 futures contracts and holding until expiration.

On CNBC's "Halftime Report Final Trades," Shannon Saccocia of Boston Private chose Iqvia Holdings Inc , saying that the firm provides data analytics for life-sciences companies.

AutoZone has observed the following analyst ratings within the last quarter: In the last 3 months, 7 analysts have offered 12-month price targets for AutoZone. Below is a summary of how these 7 analysts rated AutoZone over the past 3 months. This average price target has increased by 2.92% over the past month.

AutoZone, Inc. (AZO), the leading retailer and distributor of automotive replacement parts and accessories in the Americas, will release results for its third quarter ended Saturday, May 7, 2022, before market open on Tuesday, May 24, 2022. About AutoZone (AZO): As of February 12, 2022, the Company had 6,091 stores in the U.S., 669 stores in Mexico, and 55 stores in Brazil for a total store count of 6,815.

  On Thursday, 75 stocks made new 52-week highs. The following stocks created new 52-week highs on Thursday:   Be sure to stay with Benzinga for further updates and market-moving news.

Earlier this week, a new filing by Tesla Inc revealed the company is planning another stock split later this year, according to Benzinga Pro. In DataTrek Research's daily newsletter this week, Nicholas Colas said stock splits shouldn't create any value for a company like Tesla.