Genuine Parts Company Raises FY24 Adjusted Diluted EPS Outlook To $9.80-$9.95 From $9.70-$9.90 (Estimate: $9.78); Reaffirms Revenue Growth Of 3% To 5%
Portfolio Pulse from Benzinga Newsdesk
Genuine Parts Company (GPC) has increased its FY24 adjusted diluted EPS forecast to $9.80-$9.95, up from the previous range of $9.70-$9.90, surpassing the estimated $9.78. The company also reaffirmed its revenue growth projection of 3% to 5%.
April 18, 2024 | 11:03 am
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Genuine Parts Company raised its FY24 EPS forecast to $9.80-$9.95, exceeding estimates, with revenue growth expected to remain steady at 3-5%.
Raising the EPS outlook above analyst estimates typically signals confidence in the company's financial health and operational efficiency, likely leading to positive investor sentiment and potentially a rise in stock price in the short term.
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