These Analysts Revise Their Forecasts On O'Reilly Automotive After Q2 Results
Portfolio Pulse from Avi Kapoor
O'Reilly Automotive (NASDAQ:ORLY) reported worse-than-expected Q2 results and issued FY24 guidance below estimates. Despite this, the stock gained 2.1% to $1,116.08. Analysts revised their price targets, with mixed adjustments.
July 26, 2024 | 3:51 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
O'Reilly Automotive reported Q2 earnings and sales below analyst estimates and issued FY24 guidance below expectations. Despite this, the stock gained 2.1%. Analysts revised their price targets with mixed adjustments.
The mixed analyst reactions and the stock's 2.1% gain despite missing estimates suggest a neutral short-term impact. The market may have already priced in the lower guidance, and the stock's resilience indicates investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100