For the quarter ended March 2024, O'Reilly Automotive (ORLY - Free Report) reported revenue of $3.98 billion, up 7.2% over the same period last year. EPS came in at $9.20, compared to $8.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.96 billion, representing a surprise of +0.34%. The company delivered an EPS surprise of +0.22%, with the consensus EPS estimate being $9.18.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how O'Reilly Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales - YoY change: 3.4% versus 3.7% estimated by nine analysts on average.
- Number of stores - Total: 6,217 versus the four-analyst average estimate of 6,216.
- Square footage - Total: 47.14 Msq ft versus the three-analyst average estimate of 47 Msq ft.
- Ending domestic store count: 6,131 versus the three-analyst average estimate of 6,148.
- Sales per weighted-average store: $0.63 million compared to the $0.66 million average estimate based on three analysts.
- Mexico Stores at End of the Period: 63 versus 65 estimated by three analysts on average.
- Number of stores opened: 60 versus 60 estimated by two analysts on average.
- Domestic New stores opened: 36 compared to the 50 average estimate based on two analysts.
- Sales per weighted-average square foot: $82.59 million compared to the $84.67 million average estimate based on two analysts.
- Sales to Do-It-Yourself Customers: $2 billion versus the three-analyst average estimate of $2.07 billion.
- Sales to professional service provider customers: $1.87 billion compared to the $1.82 billion average estimate based on three analysts.
- Other sales and sales adjustments: $104.51 million versus $88.44 million estimated by two analysts on average.
View all Key Company Metrics for O'Reilly Automotive here>>>Shares of O'Reilly Automotive have returned -3.7% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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For the quarter ended March 2024, O'Reilly Automotive (ORLY - Free Report) reported revenue of $3.98 billion, up 7.2% over the same period last year. EPS came in at $9.20, compared to $8.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.96 billion, representing a surprise of +0.34%. The company delivered an EPS surprise of +0.22%, with the consensus EPS estimate being $9.18.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how O'Reilly Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales - YoY change: 3.4% versus 3.7% estimated by nine analysts on average.
- Number of stores - Total: 6,217 versus the four-analyst average estimate of 6,216.
- Square footage - Total: 47.14 Msq ft versus the three-analyst average estimate of 47 Msq ft.
- Ending domestic store count: 6,131 versus the three-analyst average estimate of 6,148.
- Sales per weighted-average store: $0.63 million compared to the $0.66 million average estimate based on three analysts.
- Mexico Stores at End of the Period: 63 versus 65 estimated by three analysts on average.
- Number of stores opened: 60 versus 60 estimated by two analysts on average.
- Domestic New stores opened: 36 compared to the 50 average estimate based on two analysts.
- Sales per weighted-average square foot: $82.59 million compared to the $84.67 million average estimate based on two analysts.
- Sales to Do-It-Yourself Customers: $2 billion versus the three-analyst average estimate of $2.07 billion.
- Sales to professional service provider customers: $1.87 billion compared to the $1.82 billion average estimate based on three analysts.
- Other sales and sales adjustments: $104.51 million versus $88.44 million estimated by two analysts on average.
View all Key Company Metrics for O'Reilly Automotive here>>>Shares of O'Reilly Automotive have returned -3.7% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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