Genuine Parts Co reports results for the quarter ended September 30 - Earnings Summary

• Genuine Parts Co GPC.N reported quarterly adjusted earnings of $2.07​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.98. The mean expectation of ten analysts for the quarter was for earnings of $2.05 per share. Wall Street expected results to range from $1.95 to $2.14 per share.

• Revenue rose 4.2% to $6.52 billion from a year ago; analysts expected $6.52 billion.

• Genuine Parts Co's reported EPS for the quarter was $1.62​.

• The company reported quarterly net income of $224.45 million.

• Genuine Parts Co shares had risen by 3.5% this quarter and gained 5.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"

• Wall Street's median 12-month price target for Genuine Parts Co is $135.50, about 3.9% above its last closing price of $130.18

This summary was machine generated from LSEG data October 20 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)