O’Reilly Automotive, Inc. (NASDAQ:ORLY) is projected to declare fiscal fourth quarter financial results right after the stock market’s official close on February 07, 2017. The stock added about 0.8 percent in price since last results when it was at $277.16 a share. Based on the most relevant past-periods data, there is an 64.29 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 18 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 0 time.
Here’s how traders responded to ORLY earnings announcements over the past few quarters.
O’Reilly Automotive, Inc. (ORLY) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 2.1 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $2.9 which missed the consensus $2.92 projection (negative surprise of-0.68%). For the quarter, revenue came in at 2.22B versus consensus estimate of 2.22B. The stock dropped -8.72 percent the session following the earnings reports were released, and on 7th day price change was -5.22 percent.
On July 27, 2016, it reported earnings at $2.65 a share compared with the consensus estimate of $2.67 per share (negative surprise of -0.75%). Revenue of 2.18B for that quarter was below the $2.19B analysts had expected. The stock climbed 4.02% the day following the earnings announcement, and on 7th day price change was 3.3%.
On April 27, 2016, it recorded $2.59 a share in earnings which topped the consensus estimate of $2.49 (positive surprise of 4.02%). Revenue for the quarter was $2.1B while analysts called for revenues to be $2.06B. The stock dropped -2.87% the day following the earnings data was made public, and on 7th day price change was -1.59%.
On February 10, 2016, it announced earnings per share at $2.19 versus the consensus estimate of $2.07 per share (positive surprise of 5.8%). That came on revenues of $1.95B for that period. Analysts had expected $1.91B in revenue.
O’Reilly Automotive, Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $2.92. The analysts’ present consensus range is $2.81-$3.03 for EPS. The market consensus range for revenue is between $2.2B and $2.25B, with an average of $2.23B.
O’Reilly Automotive, Inc. (NASDAQ:ORLY) last ended at $281.3, sending the company’s market cap near $26.57B. The consensus 12-month price target from analysts covering the stock is $304.05. The share price has declined -3.94% from its top level in 52 weeks and dropped 1.04% this year. It recently traded at a volume of 443671 shares. The recent trading ended with the price nearly 0.17 higher for the last 5 trading days, rebounding 24.96% from its 52-week low.