S&P 500 (NYSE:SPY) component Genuine Parts Company (NYSE:GPC) will unveil its latest earnings on Friday, July 15, 2011. 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 profit of 89 cents per share, a rise of 14.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 90 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 89 cents during the last month. For the year, analysts are projecting net income of $3.41 per share, a rise of 13.7% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting profit of 80 cents per share against a mean estimate of net income of 76 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $3.11 billion in revenue this quarter, a rise of 9.1% from the year ago quarter. Analysts are forecasting total revenue of $12.27 billion for the year, a rise of 9.5% from last year’s revenue of $11.21 billion.
Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and four rating it as a hold.
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 13.4%, with the biggest boost coming in the most recent quarter when revenue rose 14.3% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 25.7% while it rose 19.6% in the fourth quarter of the last fiscal year and 22.4% in the third quarter of the last fiscal year.
Competitors to Watch: LKQ Corporation (NASDAQ:LKQX), Lithia Motors, Inc. (NYSE:LAD), Dorman Products Inc. (NASDAQ:DORM), Advance Auto Parts, Inc. (NYSE:AAP), O’Reilly Automotive, Inc. (NASDAQ:ORLY), The Pep Boys – Manny, Moe & Jack (NYSE:PBY), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), Ford Motor Company (NYSE:F), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM) and Navistar Intl. Corp. (NYSE:NAV).
Stock Price Performance: During June 10, 2011 to July 11, 2011, the stock price had risen $5.69 (11.4%) from $49.82 to $55.51. The stock price saw one of its best stretches over the last year between May 31, 2011, and June 8, 2011, when shares rose for seven-straight days, rising 7.6% (+$3.82) over that span. It saw one of its worst periods between June 24, 2011, and July 7, 2011, when shares fell for nine-straight days, falling 9% (-$5.17) over that span. Shares are up $5.05 (+10%) year to date.
(Source: Xignite Financials)
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