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ORLYBearishEarningsnews
High materiality8/10

These Analysts Increase Their Forecasts On O'Reilly Automotive After Q3 Results

Oct 25, 2024, 3:55 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Missed earnings and revenue targets could dampen investor confidence, similar to past results causing sell-offs.

AI summary

What happened, with direct paths to the underlying reporting

O'Reilly reported Q3 EPS of $11.41, missing estimates of $11.61. Q3 sales were $4.36 billion against expectations of $4.43 billion. FY24 revenue guidance is $16.6-$16.8 billion, below the $16.75 billion estimate. Analysts mostly maintained ‘Buy’ ratings but adjusted price targets upwards. Stock price rose 0.1% to $1,200.67 after earnings announcement.

  • O'Reilly reported Q3 EPS of $11.41, missing estimates of $11.61.
  • Q3 sales were $4.36 billion against expectations of $4.43 billion.
  • FY24 revenue guidance is $16.6-$16.8 billion, below the $16.75 billion estimate.
  • Analysts mostly maintained ‘Buy’ ratings but adjusted price targets upwards.
  • Stock price rose 0.1% to $1,200.67 after earnings announcement.

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