Genuine Parts Co reports results for the quarter ended in September 30 - Earnings Summary

Genuine Parts

22/10/2024 14:41

* Genuine Parts Co  GPC.N  reported quarterly adjusted
earnings of
$1.88​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$2.49.  The mean expectation of ten analysts for the quarter was
for earnings of $2.42 per share. Wall Street expected results to
range from $2.32  to $2.48 per share.
    * Revenue rose 2.5% to $5.97 billion from a year ago;
analysts
expected $5.94 billion. 
    * Genuine Parts Co's reported EPS for the quarter was
$1.62​.
    * The company reported quarterly net income of $226.58
million.
    * Genuine Parts Co shares had risen by 2.5% this quarter and
gained 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.1%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "hold"

Wall Street's median 12-month price target for Genuine Parts Co
is 156.50 
This summary was machine generated from LSEG data October 22 at
01:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      2.42           1.88           Missed
 Jun. 30 2024      2.59           2.44           Missed
 Mar. 31 2024      2.16           2.22           Beat
 Dec. 31 2023      2.20           2.26           Beat