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

Dorman Products

07/05/2024 17:37

* Dorman Products Inc  DORM.OQ  reported quarterly adjusted
earnings of $1.31​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 56 cents.  The mean expectation of
three analysts for the quarter was for earnings of 82 cents per
share. Wall Street expected results to range from 67 cents
to $1.09 per share.
    * Revenue rose 0.4% to $468.70 million from a year ago;
analysts
expected $472.48 million. 
    * Dorman Products Inc's reported EPS for the quarter was
$1.05​.
    * The company reported quarterly net income of $32.83
million.
    * Dorman Products Inc shares had fallen by 3.6% this
quarter and
gained 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.3%
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 May 7 at 04:37
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
 Mar. 31 2024      0.82           1.31           Beat
 Dec. 31 2023      1.41           1.57           Beat
 Sep. 30 2023      1.59           1.40           Missed
 Jun. 30 2023      1.07           1.01           Missed