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Genuine Parts Company ( GPC – Free Report) is a distributor of automotive and industrial spare parts and commercial products.
Earnings
In the second quarter of 2018, Genuine Parts reported adjusted earnings of $ 1.59 per share, surpbading Zacks' consensus estimate of $ 1.56. Adjusted earnings per share was $ 1.29 for the corresponding quarter of the prior year.
Revenues
Genuine Parts posted net sales of $ 4.82 billion, more than $ 4.1 billion in the same quarter last year. In addition, the figure exceeded the Zacks consensus estimate of $ 4.66 billion
Estimate Trend & Surprise Story
Investors should note that the stock has not experienced a trend upward or downward in the estimate Zacks Consensus Over the past four quarters, he has beaten estimates once and missed on other occasions, resulting in an average shortfall of 1.5%.
Price of original parts and surprise BPA [19659003] Main statistics / developments to note
For the year 2018, the original parts have raised the forecasts of sales growth at 13-14%, compared to 12-13% previously. The company reiterated its adjusted earnings per share of $ 5.6 to $ 5.75
Zacks Rank
Genuine Parts holds a Zacks # 3 (Hold) rank, but that could change following its report on the profits that just came out. During this time, you can see the complete list of Zacks # 1 (Strong Buy) stock shares today (19459005).
Check back later for our full description on the Genuine Parts Earnings Report!
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