Genuine Parts's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Genuine Parts (NYSE:GPC) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts estimating an EPS of $2.19. The company's past earnings performance shows a mixed impact on its stock price following earnings announcements, despite generally beating EPS estimates. Shares of Genuine Parts have declined by 20.06% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders ahead of this earnings release.
February 14, 2024 | 5:00 pm
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NEUTRAL IMPACT
Genuine Parts is expected to report an EPS of $2.19 for the upcoming quarter. Historical data shows mixed reactions in stock price post-earnings, with a notable 20.06% decline over the past year.
Given the mixed historical stock price reactions to past earnings reports and the significant annual decline, the short-term impact of the upcoming earnings report on GPC's stock price is uncertain. While beating the EPS estimate could provide a positive short-term boost, the overall bearish sentiment and the importance of forward guidance may moderate any potential gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100