The transportation sector is vitally important to the economy. With 4.1 million miles of streets and highways, the U.S. has the most extensive road network in the world.
AutoZone, Inc. (NYSE:AZO ) Q3 2024 Results Conference Call May 21, 2024 10:00 AM ET Company Participants Phil Daniele - CEO Jamere Jackson - CFO Brian Campbell - VP, IR Conference Call Participants Bret Jordan - Jefferies Christian Carlino - JPMorgan Simeon Gutman - Morgan Stanley Greg Melich - Evercore ISI Scot Ciccarelli - Truist Kate McShane - Goldman Sachs Seth Sigman - Barclays Brian Nagel - Oppenheimer Michael Lasser - UBS Max Rakhlenko - TD Cowen Operator Greetings. Welcome to the AutoZone's 2024 Q3 Earnings Release Conference Call.
AutoZone NYSE: AZO share prices are declining because the Q3 results weren't strong enough. The company says the timing of tax payments and cold weather impacted the results, which are one-off, non-recurring factors that have little to do with the outlook.
AutoZone NYSE: AZO share prices are declining because the Q3 results weren't strong enough. The company says the timing of tax payments and cold weather impacted the results, which are one-off, non-recurring factors that have little to do with the outlook.
While AutoZone (AZO) manages to maintain its earnings beat streak in the third quarter of fiscal 2024, revenues narrowly miss estimates.
Although the revenue and EPS for AutoZone (AZO) give a sense of how its business performed in the quarter ended May 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
AutoZone posted adjusted earnings of $36.69 a share on sales of $4.24 billion.
AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models.
Auto parts stocks often fly under the radar, getting little to no investor attention compared to their larger industry peers. While it's the big-name car manufacturers that consistently grab headlines and investor focus, auto parts stocks have historically outperformed.
For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.
Retail has been a tough game over the last five years. The industry has contended with the pandemic, stores closures and a consumer shift to preferring online shopping.