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Genuine Parts (GPC) Q4 Earnings Beat, Revenues Improve Y/Y
Genuine Parts Company (GPC - Free Report) is a distributor of automotive and industrial replacement parts and business products.
Earnings
In the fourth-quarter 2018, Genuine Parts reported adjusted earnings of $1.35 per share, surpassing the Zacks Consensus Estimate of $1.32. Adjusted earnings per share in the year-ago quarter were $1.19.
Revenues
Genuine Parts reported net sales of $4.6 billion, higher than $4.2 billion recorded in the year-ago quarter. The figure almost came in line with the Zacks Consensus Estimate.
Genuine Parts Company Price and EPS Surprise
Genuine Parts Company Price and EPS Surprise | Genuine Parts Company Quote
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for current quarter and full-year 2018 earnings declined over the last seven days.
In the trailing four quarters, it beat estimates twice and missed in the other two occasions, leading to an average earnings miss of 0.41%.
Key Stats/Developments to Note
For 2019, Genuine Parts expects adjusted earnings per share of $5.81-$5.96.
Zacks Rank
Genuine Parts holds a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Genuine Parts’ earnings report!
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