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What Analyst Projections for Key Metrics Reveal About Genuine Parts (GPC) Q3 Earnings
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Wall Street analysts expect Genuine Parts (GPC - Free Report) to post quarterly earnings of $2.45 per share in its upcoming report, which indicates a year-over-year decline of 1.6%. Revenues are expected to be $5.98 billion, up 2.7% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Genuine Parts metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Sales- Automotive' of $3.75 billion. The estimate points to a change of +3.3% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- Industrial' at $2.26 billion. The estimate indicates a year-over-year change of +2.9%.
The consensus estimate for 'Operating profit- Industrial' stands at $285.69 million. Compared to the current estimate, the company reported $282.81 million in the same quarter of the previous year.
Analysts' assessment points toward 'Operating profit- Automotive' reaching $317.37 million. Compared to the present estimate, the company reported $322 million in the same quarter last year.
Shares of Genuine Parts have demonstrated returns of +3.7% over the past month compared to the Zacks S&P 500 composite's +3.8% change. With a Zacks Rank #2 (Buy), GPC is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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What Analyst Projections for Key Metrics Reveal About Genuine Parts (GPC) Q3 Earnings
Wall Street analysts expect Genuine Parts (GPC - Free Report) to post quarterly earnings of $2.45 per share in its upcoming report, which indicates a year-over-year decline of 1.6%. Revenues are expected to be $5.98 billion, up 2.7% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Genuine Parts metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Sales- Automotive' of $3.75 billion. The estimate points to a change of +3.3% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- Industrial' at $2.26 billion. The estimate indicates a year-over-year change of +2.9%.
The consensus estimate for 'Operating profit- Industrial' stands at $285.69 million. Compared to the current estimate, the company reported $282.81 million in the same quarter of the previous year.
Analysts' assessment points toward 'Operating profit- Automotive' reaching $317.37 million. Compared to the present estimate, the company reported $322 million in the same quarter last year.
View all Key Company Metrics for Genuine Parts here>>>
Shares of Genuine Parts have demonstrated returns of +3.7% over the past month compared to the Zacks S&P 500 composite's +3.8% change. With a Zacks Rank #2 (Buy), GPC is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>