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Genuine Parts (GPC) Q2 Earnings Drive Past Estimates, Up Y/Y
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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 second-quarter 2018, Genuine Parts reported adjusted earnings of $1.59 per share, surpassing the Zacks Consensus Estimate of $1.56. Adjusted earnings per share in the year-ago quarter were $1.29.
Revenues
Genuine Parts reported net sales of $4.82 billion, higher than $4.1 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $4.66 billion.
Estimate Trend & Surprise History
Investors should note that the stock has not witnessed an upward or downward trend in the Zacks Consensus Estimate for full-year 2018 earnings over the last seven days.
In the trailing four quarters, it beat estimates once and missed in the other occasions, leading to an average earnings miss of 1.5%.
For full-year 2018, Genuine Parts raised sales growth-rate expectation to 13-14% from the previous expectation of 12-13%. The company reiterated its adjusted earnings per share expectation of $5.6-$5.75.
Check back later for our full write up on Genuine Parts’ earnings report!
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Genuine Parts (GPC) Q2 Earnings Drive Past Estimates, Up Y/Y
Genuine Parts Company (GPC - Free Report) is a distributor of automotive and industrial replacement parts and business products.
Earnings
In the second-quarter 2018, Genuine Parts reported adjusted earnings of $1.59 per share, surpassing the Zacks Consensus Estimate of $1.56. Adjusted earnings per share in the year-ago quarter were $1.29.
Revenues
Genuine Parts reported net sales of $4.82 billion, higher than $4.1 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $4.66 billion.
Estimate Trend & Surprise History
Investors should note that the stock has not witnessed an upward or downward trend in the Zacks Consensus Estimate for full-year 2018 earnings over the last seven days.
In the trailing four quarters, it beat estimates once and missed in the other occasions, leading to an average earnings miss of 1.5%.
Genuine Parts Company Price and EPS Surprise
Genuine Parts Company Price and EPS Surprise | Genuine Parts Company Quote
Key Stats/Developments to Note
For full-year 2018, Genuine Parts raised sales growth-rate expectation to 13-14% from the previous expectation of 12-13%. The company reiterated its adjusted earnings per share expectation 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!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>