Genuine Parts (GPC) Reports Q1: Everything You Need To Know Ahead Of Earnings

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Auto and industrial parts retailer Genuine Parts (NYSE: GPC) will be announcing earnings results this Tuesday before market hours. Here’s what to expect.

Genuine Parts missed analysts’ revenue expectations last quarter, reporting revenues of $6.01 billion, up 4.1% year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and a significant miss of analysts’ EBITDA estimates.

Is Genuine Parts a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Genuine Parts’s revenue to grow 5.3% year on year, improving from the 1.4% increase it recorded in the same quarter last year.

Genuine Parts Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Genuine Parts has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Genuine Parts’s peers in the automotive and marine retail segment, only CarMax has reported results so far. It exceeded analysts’ revenue estimates and delivered flat year-on-year revenue. The stock was down 17.5% on the results.

Read our full analysis of CarMax’s earnings results here.

There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 8.8% on average over the last month. Genuine Parts is up 12.4% during the same time and is heading into earnings with an average analyst price target of $135.29 (compared to the current share price of $113.63).

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