O'Reilly Automotive's Earnings Beat Last Year's by 20%
O'Reilly Automotive (NAS: ORLY) reported earnings on Oct. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), O'Reilly Automotive met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins expanded across the board.
O'Reilly Automotive reported revenue of $1.60 billion. The 20 analysts polled by S&P Capital IQ looked for a top line of $1.62 billion on the same basis. GAAP reported sales were 4.3% higher than the prior-year quarter's $1.54 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.32. The 21 earnings estimates compiled by S&P Capital IQ forecast $1.27 per share. GAAP EPS of $1.32 for Q3 were 20% higher than the prior-year quarter's $1.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 50.3%, 120 basis points better than the prior-year quarter. Operating margin was 16.4%, 70 basis points better than the prior-year quarter. Net margin was 9.9%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.49 billion. On the bottom line, the average EPS estimate is $1.07.
Next year's average estimate for revenue is $6.20 billion. The average EPS estimate is $4.66.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 270 members out of 292 rating the stock outperform, and 22 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give O'Reilly Automotive a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on O'Reilly Automotive is outperform, with an average price target of $97.60.
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