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O'Reilly (ORLY) reports better-than-expected first-quarter results and expects earnings per share in the range of $41.35-$41.85, up from the previous estimate of $41.05-$41.55.
O'Reilly's sales continue to climb and it has stellar profit margins. Shares trade at a pricey valuation, which makes it harder for management to boost shareholder value by repurchasing shares.
While the top- and bottom-line numbers for O'Reilly Automotive (ORLY) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The Zacks Consensus Estimate for O'Reilly's (ORLY) first-quarter earnings per share and revenues is pegged at $9.18 and $3.96 billion, respectively.
Industry dynamics show that this company still has sizable growth potential. Management uses free cash flow to buy back copious amounts of shares.
Besides Wall Street's top -and-bottom-line estimates for O'Reilly Automotive (ORLY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
SPRINGFIELD, Mo., April 01, 2024 (GLOBE NEWSWIRE) -- O'Reilly Automotive, Inc. (the “Company” or “O'Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its first quarter 2024 results as Wednesday, April 24, 2024, with a conference call to follow on Thursday, April 25, 2024.
Michael Landsberg, Landsberg Bennett Private Wealth Management CIO, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Monday.
O'Reilly Automotive (ORLY) reported earnings 30 days ago. What's next for the stock?
O'Reilly's consistent free cash flow allows it to aggressively buy back shares. Demand remains strong in both positive and negative economic times.