O’Reilly Automotive Inc. Third Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component O’Reilly Automotive, Inc. (NASDAQ:ORLY) will unveil its latest earnings on Wednesday, October 26, 2011. O’Reilly Automotive offers automotive aftermarket parts, tools, supplies, and accessories to individual customers and professional installers.

O’Reilly Automotive, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1 per share, a rise of 16.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 99 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at $1 during the last month. Analysts are projecting profit to rise by 18.4% versus last year to $3.61.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the second quarter, the company reported profit of 96 cents per share versus a mean estimate of net income of 96 cents per share. In the first quarter, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.6% in revenue from the year-earlier quarter to $1.51 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, one rating it as a sell and six rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit rose 34.3% to $133.8 million (96 cents a share) from $99.6 million (71 cents a share) the year earlier, meeting analyst expectations. Revenue rose 7.1% to $1.48 billion from $1.38 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 5.1% in the first quarter and 47% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 8% in the first quarter from the year earlier, climbed 11.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 13.3% in the third quarter of the last fiscal year.

Competitors to Watch: Advance Auto Parts, Inc. (NYSE:AAP), AutoZone, Inc. (NYSE:AZO), The Pep Boys – Manny, Moe & Jack (NYSE:PBY), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS).

Stock Price Performance: During July 27, 2011 to October 20, 2011, the stock price had risen $9.29 (15.1%) from $61.45 to $70.74. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 25, 2011 when shares rose for eight-straight days, rising 5.5% (+$3.05) over that span. It saw one of its worst periods between April 5, 2011 and April 13, 2011 when shares fell for seven-straight days, falling 4.9% (-$2.85) over that span. Shares are up $10.32 (+17.1%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.