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Genuine Parts (GPC) Q4 Earnings & Revenues Beat Estimates
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Genuine Parts Company (GPC - Free Report) is a distributor of automotive and industrial replacement parts, office products and electrical/electronic materials.
Earnings
In the fourth-quarter, Genuine Parts reported adjusted earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.11. Adjusted earnings per share in the year-ago quarter were $1.02.
Revenues
Genuine Parts reported net sales of $4.21 billion, higher than $3.8 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $4.09 billion.
Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate for the fourth-quarter and full year 2017 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 the full year 2018, Genuine Parts expects revenue growth rate in the range of 12%–13%, whereas adjusted earnings per share are projected to be in the range of $5.6–$5.75. These anticipations include the benefits AAG’s full-year operations and roughly $80-$90 million in lower income taxes.
Check back later for our full write up on Genuine Parts’ earnings report!
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Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
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Genuine Parts (GPC) Q4 Earnings & Revenues Beat Estimates
Genuine Parts Company (GPC - Free Report) is a distributor of automotive and industrial replacement parts, office products and electrical/electronic materials.
Earnings
In the fourth-quarter, Genuine Parts reported adjusted earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.11. Adjusted earnings per share in the year-ago quarter were $1.02.
Revenues
Genuine Parts reported net sales of $4.21 billion, higher than $3.8 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $4.09 billion.
Genuine Parts Company Price and EPS Surprise
Genuine Parts Company Price and EPS Surprise | Genuine Parts Company Quote
Estimate Trend & Surprise History
Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate for the fourth-quarter and full year 2017 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 the full year 2018, Genuine Parts expects revenue growth rate in the range of 12%–13%, whereas adjusted earnings per share are projected to be in the range of $5.6–$5.75. These anticipations include the benefits AAG’s full-year operations and roughly $80-$90 million in lower income taxes.
Zacks Rank
Genuine Parts holds a Zacks Rank #2 (Buy), 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!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>