Genuine Parts Q2 2024 Adj EPS $2.44 Misses $2.59 Estimate, Sales $5.963B Miss $6.047B Estimate
Portfolio Pulse from Benzinga Newsdesk
Genuine Parts (NYSE:GPC) reported Q2 2024 adjusted EPS of $2.44, missing the analyst estimate of $2.59. Sales were $5.963 billion, also missing the estimate of $6.047 billion. Despite the misses, sales increased by 0.81% year-over-year.
July 23, 2024 | 10:56 am
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Genuine Parts reported Q2 2024 adjusted EPS of $2.44, missing the analyst estimate of $2.59. Sales were $5.963 billion, also missing the estimate of $6.047 billion. Despite the misses, sales increased by 0.81% year-over-year.
Genuine Parts missed both EPS and sales estimates, which is likely to negatively impact the stock price in the short term. However, the slight year-over-year sales increase may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100