Stock Analysis

Genuine Parts First Quarter 2024 Earnings: Misses Expectations

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Genuine Parts (NYSE:GPC) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$5.78b (flat on 1Q 2023).
  • Net income: US$248.9m (down 18% from 1Q 2023).
  • Profit margin: 4.3% (down from 5.3% in 1Q 2023).
  • EPS: US$1.79 (down from US$2.16 in 1Q 2023).
NYSE:GPC Earnings and Revenue Growth April 19th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Genuine Parts Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Retail Distributors industry in the US.

Performance of the American Retail Distributors industry.

The company's shares are up 9.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Genuine Parts that we have uncovered.

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