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What Analyst Projections for Key Metrics Reveal About Genuine Parts (GPC) Q3 Earnings
Genuine Parts panyGenuine Parts pany(US:GPC) ZACKSยท2024-10-17 14:21

Group 1 - Analysts expect Genuine Parts (GPC) to report quarterly earnings of $2.45 per share, reflecting a year-over-year decline of 1.6% [1] - Revenue projections for the upcoming quarter are set at $5.98 billion, indicating a 2.7% increase from the previous year [1] - There have been no revisions in the consensus EPS estimate over the past 30 days, suggesting stability in analysts' projections [1] Group 2 - Analysts estimate 'Net Sales- Automotive' to be $3.75 billion, representing a year-over-year increase of 3.3% [4] - The forecast for 'Net Sales- Industrial' is $2.26 billion, indicating a 2.9% increase compared to the same quarter last year [4] - The consensus estimate for 'Operating profit- Industrial' is $285.69 million, slightly up from $282.81 million reported in the previous year [4] Group 3 - The estimated 'Operating profit- Automotive' is projected to reach $317.37 million, down from $322 million reported in the same quarter last year [5] - Genuine Parts shares have returned +3.7% over the past month, closely aligning with the Zacks S&P 500 composite's +3.8% change [5] - With a Zacks Rank 2 (Buy), GPC is anticipated to outperform the overall market in the near future [5]