Genuine Parts Company Expects FY23 Adjusted EPS Of $9.20-$9.30 Compared To Prior Guidance Of $9.15-$9.30 And Consensus Of $9.23; Reaffirms Sales Growth Outlook At 4%-6%
Portfolio Pulse from Benzinga Newsdesk
Genuine Parts Company (GPC) has updated its FY23 adjusted EPS guidance to $9.20-$9.30, compared to its previous guidance of $9.15-$9.30 and consensus of $9.23. The company has also reaffirmed its sales growth outlook at 4%-6%.
October 19, 2023 | 11:00 am
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POSITIVE IMPACT
Genuine Parts Company has raised the lower end of its FY23 EPS guidance, which could be seen as a positive sign by investors. The reaffirmation of its sales growth outlook also indicates stability in the company's operations.
Raising the lower end of EPS guidance indicates that the company is confident about its future earnings, which could positively impact the stock price. The reaffirmation of sales growth outlook shows stability in the company's operations, which is also a positive sign for investors.
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IMPORTANCE 80
RELEVANCE 100