O'Reilly Automotive Q2 2024 GAAP EPS $10.55 Misses $11.09 Estimate, Sales $4.272B Miss $4.318B Estimate
Portfolio Pulse from Benzinga Newsdesk
O'Reilly Automotive (NASDAQ:ORLY) reported Q2 2024 earnings per share (EPS) of $10.55, missing the analyst consensus estimate of $11.09 by 4.87%. The company also reported quarterly sales of $4.272 billion, which missed the estimate of $4.318 billion by 1.05%. Despite the misses, sales increased by 4.99% compared to the same period last year.
July 24, 2024 | 8:55 pm
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NEGATIVE IMPACT
O'Reilly Automotive's Q2 2024 earnings and sales both missed analyst estimates, which could lead to a short-term negative impact on the stock price. However, the year-over-year sales growth of 4.99% may provide some support.
The misses on both EPS and sales estimates are likely to be viewed negatively by investors, leading to a potential short-term decline in the stock price. However, the year-over-year sales growth of 4.99% may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100