Wall Street analysts expect Genuine Parts (GPC) to post quarterly earnings of $2.09 per share in its upcoming report, which indicates a year-over-year increase of 5.6%. Revenues are expected to be $6.5 billion, up 3.8% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Genuine Parts metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Sales- Automotive' to come in at $4.13 billion. The estimate indicates a change of +3.5% from the prior-year quarter.
The consensus among analysts is that 'Net Sales- Industrial' will reach $2.38 billion. The estimate indicates a change of +4.9% from the prior-year quarter.
The consensus estimate for 'Net Sales- North America- Automotive' stands at $2.56 billion. The estimate points to a change of +2.9% from the year-ago quarter.
Analysts forecast 'Segment EBITDA- Automotive' to reach $343.50 million. Compared to the current estimate, the company reported $334.70 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Segment EBITDA- Industrial' should come in at $314.21 million. Compared to the current estimate, the company reported $285.02 million in the same quarter of the previous year.
View all Key Company Metrics for Genuine Parts here>>>Shares of Genuine Parts have experienced a change of +0.9% in the past month compared to the +1.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), GPC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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