Why Is AutoZone (AZO) Down 6.8% Since Last Earnings Report?

Core Viewpoint - AutoZone shares have declined approximately 6.8% since the last earnings report, underperforming the S&P 500, raising questions about the potential for a continued negative trend or a breakout before the next earnings release [1]. Group 1: Earnings Report and Market Reaction - Estimates for AutoZone have trended downward over the past month, indicating a negative sentiment among analysts [2]. - The stock has received an average Growth Score of C, a Momentum Score of D, and a Value Score of C, placing it in the middle 20% for the value investment strategy [3]. Group 2: Outlook and Future Expectations - The downward trend in estimates suggests a broader negative outlook for AutoZone, with a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [4].