Genuine Parts Company Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Genuine Parts Company (NYSE:GPC) will unveil its latest earnings on Tuesday, February 21, 2012. Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials.

Genuine Parts Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 83 cents per share, a rise of 10.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 18.7% versus last year to $3.56.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 97 cents per share against a mean estimate of net income of 95 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8.5% in revenue from the year-earlier quarter to $3.05 billion.

Analyst Ratings: Analysts seem relatively indifferent about Genuine Parts Company with four of seven analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 15.2% to $151.8 million (97 cents a share) from $131.8 million (83 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.4% to $3.29 billion from $2.95 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 12.8%, with the biggest boost coming in the first quarter when revenue rose 14.3% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 22% in the second quarter and 25.7% in the first quarter.

Stock Price Performance: Between November 17, 2011 and February 15, 2012, the stock price rose $7.25 (12.8%), from $56.64 to $63.89. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 9.9% (+$5.09) over that span. It saw one of its worst periods between July 19, 2011 and August 2, 2011 when shares fell for 11 straight days, dropping 10.7% (-$6) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com