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On Monday, July 26, Dorman Products (NASDAQ:DORM) will release its latest earnings report. Here is Benzinga's outlook for the company.
Net Income, Earnings, And Earnings Per Share
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Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Analysts expect Dorman Products earnings of $1.03 per share. Revenue will likely be around $287.87 million, according to the consensus estimate. In the same quarter last year, Dorman Products reported earnings per share of $0.47 on sales of $233.18 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
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Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to match the consensus estimate when it reports Monday, EPS would be up 119.15%. Revenue would be up 23.45% on a year-over-year basis. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.04 | 0.92 | 0.85 | 0.45 |
| EPS Actual | 1.04 | 1.19 | 1.14 | 0.47 |
| Revenue Estimate | 291.99 M | 269.69 M | 276.33 M | 202.68 M |
| Revenue Actual | 288.01 M | 301.22 M | 300.62 M | 233.18 M |
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Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Dorman Products were trading at $103.55 as of July 22. Over the last 52-week period, shares are up 38.34%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Dorman Products is scheduled to hold the call at 08:00:00 ET and can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.