Genuine Parts Company (NYSE:GPC) is reporting third quarter earnings results on Thursday 22nd October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.38 per share.
For the full year, analysts predict revenues of $ 16898.40 million, while looking forward to income of $ 4.84 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 19,392.00 million ~ $ 19,586.00 million, where as bottomline are predicted in a range of $ 5.80 ~ $ 5.90 per share
Click Here For More Historical Outlooks Of Genuine Parts Company
Previous Quarter Performance
Genuine Parts Company unwinded income for the second quarter of $ 1.32 per share, from the revenue of $ 3,823.00 million. The quarterly earnings 15.92 percent while revenues shrunk 22.52 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.93 per share from $ 4357.64 million in revenue. The bottom line results beat street analysts by $ 0.39 or 41.94 percent, at the same time, top line results fell short of analysts by $ 534.64 million or 12.27 percent.
Stock Performance
Shares of Genuine Parts Company traded up $ 0.67 or 0.66 percent on Wednesday, reaching $ 102.52 with volume of 623.90 thousand shares. The stock opened positive for the day at $ 102.40, after closing the previous day trading at $ 101.85.
According to the previous trading day, closing price of $ 101.85, representing a 105.01 % increase from the 52 week low of $ 49.68 and a 6.2 % decrease over the 52 week high of $ 108.58.
The company has a market capital of $ 14.79 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 14th September 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating, with $ 117.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.79 per share on August 17, 2020. The dividend were payable on October 1, 2020 to holders of record as of the close of business on September 4, 2020 and ex-dividend date on September 3, 2020.
Conference Call
Genuine Parts Company will be hosting a conference call at 11:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.genpt.com
Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals. It also distributes industrial replacement parts and related supplies, such as bearings, mechanical and electrical power transmission products, industrial automation products, hoses, hydraulic and pneumatic components, industrial and safety supplies, and material handling products for original equipment manufacturer, as well as maintenance, repair, and operation customers in equipment and machinery, food and beverage, forest product, primary metal, pulp and paper, mining, automotive, oil and gas, petrochemical, pharmaceutical, power generation, alternative energy, transportation, ports, and other industries, as well as for governments.
