Yahoo Finance What To Expect From O'Reilly's (ORLY) Q2 Earnings
Auto parts and accessories retailer O’Reilly Automotive (NASDAQ:ORLY) will be announcing earnings results tomorrow afternoon. Here's what to look for.
O'Reilly met analysts' revenue expectations last quarter, reporting revenues of $3.98 billion, up 7.2% year on year. It was a mixed quarter for the company, with underwhelming earnings guidance for the full year.
Is O'Reilly a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting O'Reilly's revenue to grow 6.2% year on year to $4.32 billion, slowing from the 10.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $10.99 per share.
Analysts covering the company have generally 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 three 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, posting year-on-year sales declines of 7.5%. The stock traded up 2.5% on the results.
Read our full analysis of CarMax's earnings results here.
Investors in the automotive and marine retail segment have had fairly steady hands going into earnings, with share prices down 1.9% on average over the last month. O'Reilly is down 2.4% during the same time and is heading into earnings with an average analyst price target of $1,142.4 (compared to the current share price of $1,057.1).
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