O'Reilly Sees FY24 EPS $41.05-$41.55 vs $42.64 Est., Total Revenue $16.8B-$17.1B vs $16.8B Est.
Portfolio Pulse from Benzinga Newsdesk
O'Reilly Automotive, Inc. has provided its financial outlook for FY24, projecting EPS in the range of $41.05-$41.55, which is below the estimated $42.64. The company also forecasts total revenue to be between $16.8B and $17.1B, aligning with the lower end of the $16.8B estimate.
February 07, 2024 | 9:32 pm
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O'Reilly Automotive's FY24 EPS projection falls below analyst estimates, with revenue forecasts aligning with the lower end of expectations.
The projected EPS for O'Reilly Automotive being below analyst estimates could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively. The revenue forecast, while within estimates, does not provide a positive surprise that could have countered the lower EPS projection.
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