Genuine Parts Cuts 2024 Outlook For Revenue Growth From 3%-5% To 1%-3%; Adjusted EPS Outlook From $9.80 - $9.95 To $9.30 - $9.50 (Est $9.87)
Portfolio Pulse from Benzinga Newsdesk
Genuine Parts Company (GPC) has revised its 2024 outlook, lowering its revenue growth forecast from 3%-5% to 1%-3% and its adjusted EPS outlook from $9.80-$9.95 to $9.30-$9.50, below the estimated $9.87.
July 23, 2024 | 10:59 am
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Genuine Parts Company (GPC) has revised its 2024 outlook, lowering its revenue growth forecast from 3%-5% to 1%-3% and its adjusted EPS outlook from $9.80-$9.95 to $9.30-$9.50, below the estimated $9.87.
The downward revision in both revenue growth and adjusted EPS outlook indicates potential challenges for Genuine Parts Company in the upcoming year. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100