Recap: Dorman Products Q2 Earnings

Recap: Dorman Products Q2 Earnings

 

Dorman Products DORM reported its Q2 earnings results on Monday, July 25, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Dorman Products missed estimated earnings by 2.27%, reporting an EPS of $1.29 versus an estimate of $1.32.

Revenue was up $106.78 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 0.69% drop in the share price the next day.

Here's a look at Dorman Products's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 1.21 1.35 1.22 1.03
EPS Actual 1.29 1.33 1.18 1.10
Revenue Estimate 371.84M 367.45M 329.89M 287.87M
Revenue Actual 401.58M 398.18M 348.43M 310.63M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Dorman Products management provided guidance for FY 2022, expecting earnings between $5.0 and $5.2 per share.

To track all earnings releases for Dorman Products visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews