PREVIEW: O'Reilly rises, seen reporting Q4 EPS, rev growth

OReilly Automotive

07/02/2024 19:19

** Shares in autoparts distributor O'Reilly Automotive  ORLY.O 
up 1.9% on Wednesday ahead of Q4 report due after market close
and quarterly conference call scheduled for Thursday morning 
    ** Wall Street sees ORLY posting adj. EPS of $9.17, which
would be up 9.5% vs $8.37 EPS in year-ago qtr on rev of $3.86
bln, which would be up 6% y/y, according to data from LSEG
    ** While projected EPS growth would be roughly in-line with
year-ago growth, rev growth expected to be slower vs the 10.7%
increase ORLY reported in Q4 2022
    ** In last 8 quarters EPS and rev beat the Street 6 times,
with misses on both top and bottom line occurring in Q1 2022 and
Q2 2022
    ** ORLY investors had cheered in Oct. when the co increased
its FY 2023 EPS, revenue forecast. In Dec. AutoZone  AZO.N  had
posted better than expected results on strong demand for
Do-It-Yourself (DIY) kits as more people maintaining existing
vehicles instead of buying new ones
    ** YTD ORLY shares up 12.7% vs 1.2% rise in S&P 500 consumer
discretionary index  .SPLRCD  

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +13322191897;))