Genuine Parts (GPC) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Genuine Parts is expected to report quarterly earnings of $2.59 per share, reflecting a year-over-year increase of +6.2% [11]. Earnings Estimates and Revisions - The Most Accurate Estimate for Genuine Parts is lower than the Zacks Consensus Estimate, indicating a bearish sentiment among analysts with an Earnings ESP of -5.91% [3]. - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting a collective reassessment by covering analysts [17]. Revenue Expectations - Revenues for the upcoming quarter are projected to be $6.04 billion, which is a 2.1% increase from the same quarter last year [23]. Historical Performance - Over the last four quarters, Genuine Parts has successfully beaten consensus EPS estimates each time [20]. - The stock currently holds a Zacks Rank of 3, indicating a neutral outlook [19]. Market Sentiment and Predictions - A negative Earnings ESP reading does not necessarily predict an earnings miss, but it complicates the ability to confidently forecast an earnings beat [13]. - The combination of a positive Earnings ESP and a strong Zacks Rank significantly increases the likelihood of an earnings surprise, with a success rate of nearly 70% [8]. Additional Considerations - The stock's movement may not solely depend on earnings results, as other factors can influence investor sentiment [15]. - Management's discussion during the earnings call will be crucial for determining the sustainability of any immediate price changes and future earnings expectations [16].