Here's What Key Metrics Tell Us About O'Reilly Automotive (ORLY) Q3 Earnings
O'Reilly Automotive (ORLY) reported $4.2 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 10.7%. EPS of $10.72 for the same period compares to $9.17 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.07 billion, representing a surprise of +3.29%. The company delivered an EPS surprise of +3.47%, with the consensus EPS estimate being $10.36.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how O'Reilly Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales - YoY change: 8.7% versus 5.2% estimated by eight analysts on average.
Square footage - Total: 46.26 Msq ft versus the four-analyst average estimate of 46 Msq ft.
Number of stores - Total: 6,111 versus the four-analyst average estimate of 6,116.
Sales per weighted-average store: $0.68 million versus the three-analyst average estimate of $0.68 million.
Number of stores opened: 40 compared to the 42 average estimate based on two analysts.
Beginning store count: 6,071 compared to the 6,071 average estimate based on two analysts.
View all Key Company Metrics for O'Reilly Automotive here>>>
Shares of O'Reilly Automotive have returned -4.7% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report
