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Genuine Parts (GPC) To Report Earnings Tomorrow: Here Is What To Expect

GPC Cover Image

Auto and industrial parts retailer Genuine Parts (NYSE: GPC) will be announcing earnings results this Tuesday before market hours. Here’s what to expect.

Genuine Parts beat analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $5.87 billion, up 1.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ gross margin estimates.

Is Genuine Parts a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Genuine Parts’s revenue to grow 2.5% year on year to $6.11 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $2.06 per share.

Genuine Parts Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Genuine Parts has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Genuine Parts’s peers in the automotive and marine retail segment, only CarMax has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 6.1%. The stock traded up 4.5% on the results.

Read our full analysis of CarMax’s earnings results here.

There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 4.2% on average over the last month. Genuine Parts is up 1.3% during the same time and is heading into earnings with an average analyst price target of $131.06 (compared to the current share price of $122.91).

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