Top Wall Street Forecasters Revamp AutoZone Price Expectations Ahead Of Q2 Earnings

Core Viewpoint - AutoZone, Inc. is expected to report an increase in quarterly earnings and revenue in its upcoming financial results, indicating positive growth trends for the company [1]. Financial Performance - AutoZone is projected to report quarterly earnings of $28.98 per share, an increase from$28.89 per share in the same period last year [1]. - The company anticipates quarterly revenue of $3.98 billion, compared to$3.86 billion a year earlier [1]. - In the fiscal first quarter, AutoZone reported earnings per share of $32.52, which was below the expected$33.76 [2]. Stock Performance and Analyst Ratings - AutoZone shares closed at $3,493.01, reflecting a gain of 1.4$3,024 to $3,585, maintaining an Overweight rating [3]. - Argus Research analyst Bill Selesky increased the price target from$3,560 to $3,678 while maintaining a Buy rating [3]. - TD Cowen analyst Max Rakhlenko raised the price target from$3,450 to $3,800, also maintaining a Buy rating [3]. - BMO Capital analyst Tristan Thomas-Martin initiated coverage with an Outperform rating and a price target of$3,700 [3]. - Wells Fargo analyst Zachary Fadem increased the price target from $3,450 to$3,750 while maintaining an Overweight rating [3].