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Genuine Parts (GPC) Q1 Earnings Lag Estimates, Revenues Beat

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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 first-quarter 2018, Genuine Parts reported adjusted earnings of $1.27 per share, missing the Zacks Consensus Estimate of $1.32. Adjusted earnings per share in the year-ago quarter were $1.08.

Revenues

Genuine Parts reported net sales of $4.59 billion, higher than $3.91 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $4.5 billion.

Genuine Parts Company Price and EPS Surprise

Estimate Trend & Surprise History

Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate for full-year 2018 earnings over the last seven days.

In the trailing four quarters, it beat estimates twice and missed in the other occasions, leading to an average earnings miss of 1.8%.

Key Stats/Developments to Note

For full-year 2018, Genuine Parts reiterated its sales growth rate which is expected to be in the range of 12-13%. Adjusted earnings per share is expected to be in the range of $5.6-$5.75.

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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