Genuine Parts Company (NYSE:GPC) 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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Genuine Parts Company (GPC): Free Stock Analysis Report
Original post