Auto and industrial parts retailer Genuine Parts (NYSE:GPC) will be announcing earnings results tomorrow before the bell. Here’s what to look for.
Genuine Parts beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $5.77 billion, up 3.3% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates but full-year EPS guidance missing analysts’ expectations.
Is Genuine Parts a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Genuine Parts’s revenue to be flat year on year at $5.83 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $1.68 per share.
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 five 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 met analysts’ revenue estimates, delivering year-on-year sales growth of 6.7%. The stock was down 14.7% on the results.
Read our full analysis of CarMax’s earnings results here.When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
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