Genuine Parts (NYSE:GPC) has beaten analyst's estimates in each of the last five quarters and will try to do so again on Thursday, July 19, 2012.
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Analysts currently expect Genuine Parts to come in with earnings of $1.08 per share on revenues of $3.42 billion. Analyst estimates range from $1.06 per share to $1.11 per share. Over the past three months, the average estimate has moved up from $1.07.
Last Quarter's Results
In the first quarter, profit rose 15.6% to $146.3 million (93 cents a share) from $126.5 million (80 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 7% to $3.18 billion from $2.97 billion.
Analysts think investors should stand pat on Genuine Parts with six of seven analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
In terms of price changes, the stock's best recent streak was when it gained $2.96 per share between June 27, 2012 and July 5, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $3.26 (-5.1%), from $64.55 to $61.29.
Company Fundamental Trends
Reporting Period: 2Q
Date of Release: Thursday, July 19, 2012 before market open
Revenue Estimate: $3.42 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)