Dorman Products Inc reports results for the quarter ended in June - Earnings Summary

Dorman Products

01/08/2024 22:06

* Dorman Products Inc  DORM.OQ  reported quarterly adjusted
earnings of $1.67​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $1.01.  The mean expectation of three analysts
for the quarter was for earnings of $1.19 per share. Wall Street
expected results to range from $1.09  to $1.33 per share.
    * Revenue rose 4.7% to $502.95 million from a year ago;
analysts
expected $502.19 million. 
    * Dorman Products Inc's reported EPS for the quarter was
$1.53​.
    * The company reported quarterly net income of $47.41
million.
    * Dorman Products Inc shares had risen by 10.8% this
quarter and
gained 21.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Dorman Products
Inc is $115.00 
This summary was machine generated from LSEG data August 1 at
09:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.19           1.67           Beat
 Mar. 31 2024      0.82           1.31           Beat
 Dec. 31 2023      1.41           1.57           Beat
 Sep. 30 2023      1.59           1.40           Missed