DORM Stock Recent News

Dorman Products (DORM) could produce exceptional returns because of its solid growth attributes.

Dorman Products (DORM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Here is how Dorman Products (DORM) and Michelin (MGDDY) have performed compared to their sector so far this year.

Dorman Products, Inc. (DORM) Q4 2023 Earnings Call Transcript

Dorman Products (DORM) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.01 per share a year ago.

COLMAR, Pa., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM) today announced the Company will report its financial results for the fourth quarter and full year ended December 31, 2023 after the closing of the Nasdaq Stock Market on February 26, 2024.

Missing earnings tends to make estimates fall and that has caused this stock to fall to the lowest Zacks Rank.

Dorman announced weaker-than-expected earnings for its third quarter. The automotive products company also lowered its full-year sales and earnings outlook, citing softening demand trends and an uncertain macro environment.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Dorman Products has seen a decline in earnings and stagnant growth, raising concerns given its high debt levels. DORM has experienced steady growth and made acquisitions to expand its product offerings on top of that. Margins and earnings per share have been under pressure, and the company's debt and operating issues make me cautious to get involved given the leverage incurred.