A Look at Genuine Parts's Upcoming Earnings Report

Genuine Parts (NYSE:GPC) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-22. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Genuine Parts will report an earnings per share (EPS) of $2.44.

Investors in Genuine Parts are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Past Earnings Performance

During the last quarter, the company reported an EPS missed by $0.15, leading to a 1.07% drop in the share price on the subsequent day.

Here's a look at Genuine Parts's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.59

2.16

2.19

2.40

EPS Actual

2.44

2.22

2.26

2.49

Price Change %

-1.0%

1.0%

-1.0%

-1.0%

Performance of Genuine Parts Shares

Shares of Genuine Parts were trading at $143.17 as of October 18. Over the last 52-week period, shares are up 11.13%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions on Genuine Parts

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Genuine Parts.

The consensus rating for Genuine Parts is Neutral, based on 6 analyst ratings. With an average one-year price target of $157.5, there's a potential ...