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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.
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