AutoZone Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Group 1 - AutoZone is set to release its fourth-quarter earnings on September 23, with expected earnings of $50.95 per share, a decrease from $51.58 per share in the same period last year [1] - The company projects quarterly revenue of $6.25 billion, slightly up from $6.21 billion a year earlier [1] - In the third quarter, AutoZone reported earnings per share of $35.36, missing the analyst consensus estimate of $37.17, while quarterly sales reached $4.46 billion, reflecting a 5.4% year-over-year increase [2] Group 2 - AutoZone's same-store sales grew by 3.2%, driven by strength in the domestic segment [2] - Analysts have provided various ratings and price target adjustments for AutoZone, with Raymond James raising the price target to $4,900 and maintaining a Strong Buy rating [5] - Other analysts, including those from JP Morgan, Wells Fargo, Barclays, and UBS, have also raised their price targets, indicating a generally positive outlook for the stock [5]