Auto parts and accessories retailer O’Reilly Automotive (NASDAQ: ORLY) will be reporting results tomorrow afternoon. Here’s what you need to know.
O'Reilly beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $4.10 billion, up 6.9% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and a miss of analysts’ EBITDA estimates.
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 5% year on year to $4.17 billion, slowing from the 7.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $9.87 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 four times over the last two years.
Looking at O'Reilly’s peers in the automotive and marine retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Genuine Parts delivered year-on-year revenue growth of 1.4%, beating analysts’ expectations by 0.5%, and CarMax reported revenues up 6.7%, in line with consensus estimates. CarMax traded down 14.7% following the results.
Read our full analysis of Genuine Parts’s results here and CarMax’s results here.
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