The Latest Analyst Ratings For Genuine Parts
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Why Genuine Parts Shares Are Rising Today After Q1 Earnings
Genuine Parts beats Q1 earnings expectations with adjusted EPS of $2.22, despite slightly missing revenue estimates, and raises FY24 outlook, propelling shares up over 11%.
Earnings Scheduled For April 18, 2024
Companies Reporting Before The Bell
• Addex Therapeutics (NASDAQ:ADXN) is estimated to report earnings for its fourth quarter.
Why Genuine Parts Shares Are Falling Today
Genuine Parts sees stock decline despite beating earnings estimates, as revenue misses. The company also introduced a global restructuring designed to better align its assets and further improve the efficiency of the business.
Genuine Parts Company FY24 Outlook: Adj. EPS $9.70-$9.90 Vs. $9.84 Estimate, Revenue Growth 3%-5%
Year Ended 12/31/2024
Total sales growth
3% to 5%
Automotive sales growth
2% to