Andrii Yalanskyi/iStock via Getty Images Introduction Almost every business that heavily relies on consumers has faced their fair share of headwinds. Even businesses with long operating histories like Genuine Parts Company (NYSE:GPC), one that plays an essential role in our economy. I haven't covered the company since October 2023 where I rated them a buy. In this article, I give an update on the company's headwinds, financial health, dividend safety, and how I suspect the stock will fare going forward. Pre ...

Genuine Parts (GPC) reported $5.96 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 0.8%. EPS of $2.44 for the same period compares to $2.44 a year ago. The reported revenue represents a surprise of -1.34% over the Zacks Consensus Estimate of $6.04 billion. With the consensus EPS estimate being $2.59, the EPS surprise was -5.79%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Genuine Parts Company (GPC) reported second-quarter 2024 adjusted earnings of $2.44 per share, which missed the Zacks Consensus Estimate of $2.59 per share. The bottom line remained flat year over year. Segmental Performance Financial Performance Revised 2024 Guidance GPC currently carries a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for VLVLY's 2024 earnings suggests year-over-year growth of 6.49%. EPS estimates for 2024 and 2025 have moved up 9 cents and 8 cents, respectively, in the past seven da ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from to Commission file number: 1-5690 __________________________________________ GENUINE PARTS COMPANY (Exact name of registrant as specified in its charter) __________________ ...

Genuine Parts Company (NYSE:GPC) Q2 2024 Earnings Call Transcript July 23, 2024 8:30 AM ET Company Participants Tim Walsh - Senior Director, IR Will Stengel - President and CEO Bert Nappier - EVP and CFO Conference Call Participants Bret Jordan - Jefferies Scot Ciccarelli - Truist Kate McShane - Goldman Sachs Christian Carlino - JPMorgan Greg Melich - Evercore ISI Henry Carr - UBS Securities Seth Basham - Wedbush Carolina Jolly - Gabelli Operator Good day, ladies and gentlemen. Welcome to the Genuine Parts ...

Genuine Parts (GPC) came out with quarterly earnings of $2.44 per share, missing the Zacks Consensus Estimate of $2.59 per share. This compares to earnings of $2.44 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on t ...

www.genpt.com News Release July 23, 2024 FOR IMMEDIATE RELEASE Genuine Parts Company Reports Second Quarter 2024 Results and Revises Full-Year Outlook • Sales of $6.0 billion, Up 0.8% • Diluted EPS of $2.11, Down 13.5% • Adjusted Diluted EPS of $2.44, In-line with Prior Year • Revises 2024 Outlook: ◦ Revenue Growth of 1% to 3% from 3% to 5% ◦ Adjusted Diluted EPS of $9.30 to $9.50 from $9.80 to $9.95 ATLANTA -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial repl ...

Q2'24 Earnings Presentation July 23, 2024 GPC Snapshot (as of 6/30/2024) | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------|-------------|-------|-------|-------|----------------------------------------|-------|-------------| | | | | | | | | | | Key Statistics | | | | | Global Footprint TTM Revenue by Region | | | | Founded | 1928 | | | | | | | | Headquarters | Atlanta, GA | | | | | | | | Countries Served | 17 | | | | | | | | Locations | ~10,780 | | | | | | | | • Distributi ...

The company is revising full-year 2024 guidance previously provided in its earnings release on April 18, 2024. The company considered its recent business trends and financial results, current growth plans, strategic initiatives, global economic outlook, geopolitical conflicts and the potential impact on results in updating its guidance, which is outlined in the table below. Automotive Parts Group ("Automotive") Industrial sales were $2.2 billion, down 1.1% from the same period in 2023, with a 0.7% benefit f ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower. Estimate Revisions Trend The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings releas ...