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AutoZone Stock Tests $2,834 Support as Tuesday Earnings Could Decide the Next Move

AutoZone Stock Tests $2,834 Support as Tuesday Earnings Could Decide the Next Move

TradingKey – AutoZone closed at $2,844.31 on September 17, a decrease of 0.17%. This price is slightly above the $2,834 support. AutoZone has been declining since the September sell-off, but there should be more information after the company announces its quarterly report. The report should give more information about the expectations of the stock. The report is anticipated to show EPS of $54.30 and anticipated revenue of $6.71 billion. If the company does not show a beat of these anticipated numbers, positive information regarding same-store sales, commercial sales, and gross margins could allow the company to rebound from its 52-week lows.

Tuesday Earnings Are the Main Catalyst

Analyst consensus expects AutoZone to report earnings per…

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