
Please try another search
On Dec 11, we issued an updated research report on O'Reilly Automotive Inc. (NASDAQ:ORLY) .
O'Reilly’s reported adjusted earnings per share of $3.22 for third-quarter fiscal 2017 surpassed the Zacks Consensus Estimate of $3.15. Quarterly revenues rose 5.4% year over year to $2.34 billion. The top line was almost on par with the Zacks Consensus Estimate. The company has also provided guidance for fiscal 2017.
For fiscal 2017, the company expects earnings per share in the band of $11.82-$11.92 against the previous guidance of $11.77-$11.87. In fiscal 2016, the metric came in at $10.73.
O'Reilly Automotive, Inc. Price and Consensus
Revenues for 2017 are anticipated in the range of $8.9-$9 billion compared with the previous expectation of $8.9-$9.1 billion. In fiscal 2016, total revenues were $8.6 billion.
Further, the company projects a consolidated comparable store sales increase in the range of 1-2% during the year.
O'Reilly’s stock has seen the Zacks Consensus Estimate for annual earnings being revised 0.08% upward over the last seven days.
The company is poised to benefit from store openings in the existing markets and new, contiguous markets. In the first nine months of fiscal 2017, O'Reilly unveiled 162 new stores across its markets. Further, in 2018, it has plans to open 200 more outlets.
The company also boasts a strong distribution network. O'Reilly’s dual-market stores are more dynamic and provide the company with the scope to operate in smaller markets.
However, high fixed costs, increasing wage rates and growing investments have lead to an expenditure rise for the company. Also, a huge inventory is hampering the short-term liquidity of O'Reilly in periods of low sales.
Price Performance
In the last three months, shares of O'Reilly have outperformed the industry it belongs to. The stock has rallied 18.9% compared with the industry’s gain of 12.2% during the period.
Since the Robotaxi event on October 11th, Tesla (NASDAQ:TSLA) stock is up 38%, currently priced at $291.60 per share This is a return to the early November 2024 price level. But...
The Q4 2024 earnings season tapers off from here, with S&P 500® EPS growth surpassing 17%, the highest in 3 years Large cap outlier earnings dates this week include:...
Shares of Alibaba (NYSE:BABA) are on a tear to start off 2025. The consumer discretionary and tech stock is up by 52% this year as of the Feb. 25 close. The company’s cloud...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.