Auto parts and accessories retailer O’Reilly Automotive (NASDAQ:ORLY) will be reporting earnings this Wednesday after market hours. Here’s what to expect.
O'Reilly missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $4.14 billion, up 4% year on year. It was a mixed quarter for the company, with full-year EPS guidance exceeding analysts’ expectations but a miss of analysts’ EBITDA estimates.
Is O'Reilly a buy or sell going into earnings? Read our full analysis here, it’s free.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. O'Reilly has missed Wall Street’s revenue estimates five times over the last two years.
Looking at O'Reilly’s peers in the automotive and marine retail segment, only CarMax has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 6.1%. The stock traded up 4.5% on the results.
Read our full analysis of CarMax’s earnings results here.There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 5.6% on average over the last month. O'Reilly is up 2% during the same time.
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.