O'Reilly Automotive (ORLY) Lags Q3 Earnings and Revenue Estimates

Company Performance - O'Reilly Automotive reported quarterly earnings of $11.41 per share, missing the Zacks Consensus Estimate of $11.53 per share, but showing an increase from $10.72 per share a year ago, representing an earnings surprise of -1.04% [1] - The company posted revenues of $4.36 billion for the quarter ended September 2024, which was below the Zacks Consensus Estimate by 1.38%, and an increase from $4.2 billion year-over-year [1] - Over the last four quarters, O'Reilly Automotive has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [1] Stock Performance - O'Reilly Automotive shares have increased approximately 26.9% since the beginning of the year, outperforming the S&P 500's gain of 22.7% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $9.81 on revenues of $4.06 billion, and for the current fiscal year, it is $41.05 on revenues of $16.73 billion [4] - The estimate revisions trend for O'Reilly Automotive is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [4] Industry Context - The Automotive - Retail and Wholesale - Parts industry is currently ranked in the bottom 18% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [5] - Another company in the same industry, Hagerty, Inc. (HGTY), is expected to report quarterly earnings of $0.08 per share, reflecting a year-over-year change of +60%, with revenues projected at $318.07 million, up 15.4% from the previous year [5]