If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider O’Reilly Automotive (ORLY). This company, which is in the Zacks Automotive – Retail and Wholesale – Parts industry, shows potential for another earnings beat.
This auto parts retailer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 38.01%.
For the most recent quarter, O’Reilly Automotive was expected to post earnings of $4.10 per share, but it reported $7.10 per share instead, representing a surprise of 73.17%. For the previous quarter, the consensus estimate was $3.86 per share, while it actually produced $3.97 per share, a surprise of 2.85%.
Price and EPS Surprise
With this earnings history in mind, recent