O’Reilly Automotive, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component O’Reilly Automotive, Inc. (NASDAQ:ORLY) will unveil its latest earnings on Wednesday, July 27, 2011. O’Reilly Automotive Inc 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 profit of 96 cents per share, a rise of 18.5% 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 94 cents. For the year, analysts are projecting net income of $3.58 per share, a rise of 17.4% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 5 cents, reporting profit of 83 cents per share against a mean estimate of net income of 78 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.49 billion in revenue this quarter, a rise of 8% from the year ago quarter. Analysts are forecasting total revenue of $5.81 billion for the year, a rise of 7.6% from last year’s revenue of $5.4 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, two rating it as a sell and seven rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 5.1% while it rose 47% in the fourth quarter of the last fiscal year and 33.6% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 8% to $1.38 billion in first quarter. The figure rose 11.6% in the fourth quarter of the last fiscal year from the year earlier, climbed 13.3% in the third quarter of the last fiscal year from the year-ago quarter and 10.4% in the second 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), Ford (NYSE:F), Toyota (NYSE:TM), General Motors (NYSE:GM) and U.S. Auto Parts Network, Inc. (NASDAQ:PRTS).

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had risen $3.93 (6.8%) from $57.97 to $61.90. 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 $1.48 (+2.4%) year to date.

(Source: Xignite Financials)

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