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Stock impact report

AutoZone: I'm Expecting New Highs [Seeking Alpha]

Advance Auto Parts Inc. (AAP) 
Last advance auto parts inc. earnings: 2/18 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary The Memphis TN based auto parts retail giant AutoZone ( AZO ) just released its fourth quarter earnings of its fiscal year 2018. The company reported accelerating comps growth on top of improved margins and an overall healthy outlook when it comes to the upcoming quarters. Despite the good news, traders punished the stock after earnings which, in my opinion, does not make sense. As long as the consumer is strong, I believe we are going to get a higher stock price. Source: AutoZone Another EPS Beat AutoZone ended its fiscal year with a very strong fourth quarter. EPS came in at $18.54 versus expectations of $17.88. The year-on-year growth rate hit another high at 22% after an already strong earnings beat in the third quarter. Source: Estimize Sales came in at $3.56 billion versus expectations of $3.59 billion. Year-on-year sales growth came in at 1.3%. The good news is that comps did quite well. Fourth quarter comps accelerated 2.2% Show less Read more
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