ORLY Earnings Prediction
The chart below shows how ORLY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ORLY sees a -1.32% change in stock price 10 days leading up to the earnings, and a +3.29% change 10 days following the report. On the earnings day itself, the stock moves by +0.18%. This data can give you a slight idea of what to expect for the next quarter's release.
ORLY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.36B
3.83%
2.16%
Gross Margin
51.58%
0.35%
1.64%
Operating Margin
20.55%
-3.75%
1.68%
Net Margin
15.25%
-1.36%
4.60%
EPS
11.41
6.44%
8.15%
No Data Available
ORLY Earnings Analysis
O'Reilly Automotive, Inc. Corporation (ORLY.O) Earnings Conference Call
Positive
Comparable Store Sales Growth: Our third quarter comparable store sales increased 1.5% stacked on top of impressive 8.7% and 7.6% third quarter increases in 2023 and 2022, respectively.
Gross Margin Improvement: Our third quarter gross margin of 51.6% was up 18 basis points from the third quarter of 2023 and in line with our expectations.
Diluted EPS Growth: Diluted EPS for the quarter increased 6% with our year-to-date diluted EPS increase at 7%.
Free Cash Flow Stability: Our year-to-date free cash flow for the first nine months of 2024 was $1.7 billion, in line with the same period in 2023 with growth in income, partially offsetting the expected headwind from cash taxes paid resulting from the timing of payment for renewable energy tax credits.
Store Openings Update: We opened a total of 47 stores during the third quarter, bringing our year-to-date store openings to a total of 111.
Negative
Q3 Sales Performance Decline: Sales results for the third quarter of 2024 were below expectations, with a 1.5% increase in comparable store sales, which is significantly lower than the previous year's increases of 8.7% and 7.6%.
Sales Performance Decline: The company experienced a decline in sales performance towards the end of the quarter, which continued through much of August and September, indicating a softening in sales.
Gross Margin Analysis: The gross margin for the third quarter was 51.6%, which, while up 18 basis points from the third quarter of 2023, reflects a dilution from the Canadian business that came in at approximately 26 basis points for the quarter.
SG&A Expense Increase: The SG&A expenses grew by 4.2% in the third quarter, driven by higher operating costs, which were at the high end of expectations, impacting overall profitability.
SG&A Growth Expectations: The company expects a full-year SG&A growth of between 3.5% to 4%, indicating ongoing pressure on cost management and profitability.
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ORLY Earning Call Sentiment
O'Reilly Automotive, Inc. (ORLY) Q3 2024 Earnings Call Transcript
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ORLY.O
2.28%Positive
Basic Financial Performance is rated 3 due to mixed results: increased EPS and gross margin, but lower comparable store sales growth. Product Development and Business Update is rated 3, reflecting new store openings but hindered by construction delays. Market Strategy is rated 3, with strong market share focus but unclear guidance. Expenses and Financial Health is rated 3, due to stable free cash flow but increased SG&A. Shareholder Return Plan is rated 4, with significant share repurchases. Q&A insights suggest cautious optimism but highlight uncertainties like tariffs. Overall, the sentiment is neutral, with no strong catalysts for significant stock movement.