O’Reilly Automotive(US:ORLY) ZACKS·2024-10-18 14:20Group 1 - O'Reilly Automotive (ORLY) is expected to report quarterly earnings of $11.54 per share, a 7.7% increase year-over-year, with revenues forecasted at $4.43 billion, reflecting a 5.3% year-over-year increase [1] - The consensus EPS estimate has been adjusted upward by 0.4% over the past 30 days, indicating a reassessment by analysts [1] - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [1] Group 2 - Analysts predict 'Sales to Do-It-Yourself Customers' will reach $2.28 billion, a year-over-year increase of 3.3% [2] - 'Sales to professional service provider customers' are estimated at $2.06 billion, indicating a 7.6% increase from the previous year [2] - 'Other sales and sales adjustments' are expected to be $79.82 million, reflecting a year-over-year decrease of 2.6% [2] Group 3 - The estimated 'Comparable store sales - YoY change' is 2.7%, down from 8.7% in the previous year [3] - Analysts expect 'Square footage - Total' to be 47.91 million square feet, compared to 46.26 million square feet last year [3] - The total number of stores is projected to be 6,300, up from 6,111 a year ago, with 56 new stores expected to open compared to 40 in the same quarter last year [3] Group 4 - O'Reilly Automotive shares have increased by 7.9% in the past month, outperforming the Zacks S&P 500 composite's 3.8% increase [3] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [3]