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Stockreport

Barclays lackluster outlook for O'Reilly Automotive weighs on auto parts sector [Seeking Alpha]

O'Reilly Automotive, Inc. (ORLY)  More Company Research Source: Seeking Alpha
Last o'reilly automotive, inc. earnings: 4/22 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: corporate.oreillyauto.com/corporate/whoweare.do
Barclays analyst Seth Sigman reiterated his Equal-Weight rating for O'Reilly Automotive ( ORLY ) and his $986 price target, but lowered estimates for Q2 and the remainder of 2024. “Continued weakness broadly across the industry along with some signs of mean reversion for ORLY as it starts to lap more difficult comparisons could limit the upside,” for O'Reilly ( ORLY ). For Q2, Sigman expects comparable sales to increase by just 2% versus the consensus of +3.7% and from a 3.4% gain in the previous quarter. Sigman also dropped his Q2 EPS estimate to $10.82 from $11.44, FY24 to $40.70 from $42.14, and FY25 to $46.78 from $46.88. “Given demand headwinds earlier in the quarter, continuing from Q1, we expect ORLY Q2 2024 to come in below the annual range and current consensus,” Sigman said, adding that, “Exit rate should be better due in part to weather, but underlying trends still seem lighter as we look out.” Shares of ORLY closed on Monday 3.8% lower , clinging to support at its [Read more]

IMPACT SNAPSHOT EVENT TIME: ORLY
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Stockreport

Barclays lackluster outlook for O'Reilly Automotive weighs on auto parts sector [Seeking Alpha]

O'Reilly Automotive, Inc.  (ORLY) 
Last o'reilly automotive, inc. earnings: 4/22 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: corporate.oreillyauto.com/corporate/whoweare.do
Barclays analyst Seth Sigman reiterated his Equal-Weight rating for O'Reilly Automotive ( ORLY ) and his $986 price target, but lowered estimates for Q2 and the remainder of 2024. “Continued weakness broadly across the industry along with some signs of mean reversion for ORLY as it starts to lap more difficult comparisons could limit the upside,” for O'Reilly ( ORLY ). For Q2, Sigman expects comparable sales to increase by just 2% versus the consensus of +3.7% and from a 3.4% gain in the previous quarter. Sigman also dropped his Q2 EPS estimate to $10.82 from $11.44, FY24 to $40.70 from $42.14, and FY25 to $46.78 from $46.88. “Given demand headwinds earlier in the quarter, continuing from Q1, we expect ORLY Q2 2024 to come in below the annual range and current consensus,” Sigman said, adding that, “Exit rate should be better due in part to weather, but underlying trends still seem lighter as we look out.” Shares of ORLY closed on Monday 3.8% lower , clinging to support at its [Read more]

IMPACT SNAPSHOT
EVENT TIME:
ORLY
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS