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.
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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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.
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!
Is Your Investment Advisor Fumbling Your Financial Future?
See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”
Click to get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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