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Earnings To Watch: O'Reilly (ORLY) Reports Q1 Results Tomorrow

StockStory - Tue Apr 23, 2:01AM CDT

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

Last quarter O'Reilly reported revenues of $3.83 billion, up 5.1% year on year, missing analyst expectations by 0.8%. It was a slower quarter for the company, with underwhelming earnings guidance for the full year and a miss 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 7.3% year on year to $3.98 billion, slowing down from the 12.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $9.30 per share.

O'Reilly Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.

Looking at O'Reilly's peers in the automotive and marine retail segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. Genuine Parts delivered top-line growth of 0.3% year on year, missing analyst estimates by 1% and CarMax reported revenue decline of 1.7% year on year, missing analyst estimates by 3.2%. Genuine Parts traded up 12.7% on the results, and CarMax was down 9.8%.

Read our full analysis of Genuine Parts's results here and CarMax's results here.

The fears around raising interest rates have been putting pressure on stocks and while some of the automotive and marine retail stocks have fared somewhat better, they have not been spared, with share price declining 7.7% over the last month. O'Reilly is down 4.2% during the same time, and is heading into the earnings with analyst price target of $1,136.1, compared to share price of $1,089.64.

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