Genuine Parts (NYSE:GPC) reported its Q1 earnings results on Thursday, April 20, 2023 at 06:55 AM.
Here’s what investors need to know about the announcement.
Earnings
Genuine Parts beat estimated earnings by 5.42%, reporting an EPS of $2.14 versus an estimate of $2.03.
Revenue was up $470.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16 which was followed by a 0.52% drop in the share price the next day.
Here’s a look at Genuine Parts’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.89 | 2.05 | 2.02 | 1.68 |
| EPS Actual | 2.05 | 2.23 | 2.20 | 1.86 |
| Revenue Estimate | 5.34B | 5.38B | 5.29B | 5.06B |
| Revenue Actual | 5.52B | 5.67B | 5.60B | 5.29B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Genuine Parts management provided guidance for FY 2025, expecting earnings between $11.0 and $11.5 per share.
To track all earnings releases for Genuine Parts visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
