Dorman Products Earnings: Here’s Why Investors are Happy Now

Dorman Products, Inc. (NASDAQ:DORM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.65%.

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Dorman Products, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 26.83% to $0.52 in the quarter versus EPS of $0.41 in the year-earlier quarter.

Revenue: Rose 12.67% to $154.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Dorman Products, Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.5. It beat the average revenue estimate of $153.5 million.

Quoting Management: “We are pleased that the operating results of the Company have returned to levels more in line with our expectations after the flat fourth quarter of 2012. Our growth continues to be fueled by recently introduced new products developed as a result of past investments,” said Mr. Steven Berman, Chairman and Chief Executive Officer.

Key Stats (on next page)…

Revenue increased 14.36% from $135.01 million in the previous quarter. EPS increased 23.81% from $0.42 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.54 to a profit $0.53. For the current year, the average estimate has moved down from a profit of $2.27 to a profit of $2.19 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]