AutoZone (AZO, $880.07) Earnings Races Past Expectations
Auto parts retailer AutoZone’s earnings and same-store sales exceeded expectations for the quarter ending November 17.
Net income increased to $13.47 per share, from $10 a share of the year-ago period. Analysts surveyed by FactSet had expected earnings per share of $12.21. "Net income and diluted earnings per share benefited from a lower effective income tax rate, primarily due to tax reform," the company said in its earnings statement.
Domestic same-store sales rose +2.7% in the quarter from the same period a year ago, beating analysts’ estimates of +2% increase. Total sales increased to $2.64 billion from $2.59 billion.
AZO in upward trend: price may jump up because it broke its lower Bollinger Band on June 25, 2025
AZO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 34 cases where AZO's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 30, 2025. You may want to consider a long position or call options on AZO as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AZO just turned positive on July 01, 2025. Looking at past instances where AZO's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for AZO crossed bullishly above the 50-day moving average on July 11, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AZO advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
AZO moved below its 50-day moving average on July 11, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AZO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for AZO entered a downward trend on July 03, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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