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O'Reilly (ORLY) To Report Earnings Tomorrow: Here Is What To Expect

StockStory - Tue Feb 6, 1:00AM CST

ORLY Cover Image

Auto parts and accessories retailer O’Reilly Automotive (NASDAQ:ORLY) will be reporting earnings tomorrow afternoon. Here's what to look for.

Last quarter O'Reilly reported revenues of $4.20 billion, up 10.7% year on year, beating analyst revenue expectations by 2.9%. It was a solid quarter for the company, with a decent beat of analysts' revenue estimates.

Is O'Reilly buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting O'Reilly's revenue to grow 6% year on year to $3.86 billion, slowing down from the 10.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $9.22 per share.

O'Reilly Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing five upwards revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.

Looking at O'Reilly's peers in the automotive and marine retail segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Monro's revenues decreased 5.2% year on year, missing analyst estimates by 2.2% and MarineMax reported revenues up 3.8% year on year, missing analyst estimates by 0.2%. Monro traded flat on the results, and MarineMax was down 15.2%.

Read our full analysis of Monro's results here and MarineMax's results here.

Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, and while some of the automotive and marine retail stocks have fared somewhat better, they have not been spared, with share price declining 2.5% over the last month. O'Reilly is up 8.6% during the same time, and is heading into the earnings with analyst price target of $1,043.6, compared to share price of $1,008.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.

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