O'Reilly Automotive Sees FY24 EPS $40.75-$41.25 vs $41.86 Est., Total Revenue $16.6B-$16.9B vs $17.85B Est.
Portfolio Pulse from Benzinga Newsdesk
O'Reilly Automotive has provided its financial outlook for FY24, projecting EPS between $40.75 and $41.25, which is below the estimated $41.86. The company also expects total revenue to be between $16.6 billion and $16.9 billion, falling short of the estimated $17.85 billion.
July 24, 2024 | 8:58 pm
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NEGATIVE IMPACT
O'Reilly Automotive's FY24 financial outlook shows lower-than-expected EPS and revenue projections, which could negatively impact investor sentiment and the stock price in the short term.
The company's projected EPS and revenue for FY24 are both below market expectations. This discrepancy is likely to lead to a negative reaction from investors, resulting in a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100