Earnings Preview For Genuine Parts
Portfolio Pulse from Benzinga Insights
Genuine Parts (NYSE:GPC) is set to release its latest quarterly earnings report on October 19, 2023. Analysts estimate an earnings per share (EPS) of $2.40. The company's past performance shows a trend of beating EPS estimates, which often leads to a share price increase. However, the company's shares have been down 5.38% over the last 52-week period.
October 18, 2023 | 4:01 pm
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Genuine Parts is expected to report an EPS of $2.40 in its upcoming earnings. The company has a history of beating EPS estimates, which could potentially lead to a share price increase. However, the stock has been down 5.38% over the past year.
The upcoming earnings report is highly relevant to GPC's stock price. If the company beats the EPS estimate as it has in the past, it could lead to a short-term increase in the stock price. However, the overall negative trend in the stock's performance over the past year may temper any potential gains.
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IMPORTANCE 80
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