Genuine Parts Company Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Genuine Parts Company (NYSE:GPC) will unveil its latest earnings on Tuesday, October 18, 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 95 cents per share, a rise of 14.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 92 cents. Between one and three months ago, the average estimate moved up. It has risen from 94 cents during the last month. Analysts are projecting profit to rise by 16.7% versus last year to $3.50.

Past Earnings Performance: Last quarter, the company beat estimates by 7 cents, coming in at net income of 96 cents a share versus the estimate of profit of 89 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $3.2 billion in revenue this quarter, a rise of 8.5% from the year ago quarter. Analysts are forecasting total revenue of $12.37 billion for the year, a rise of 10.3% from last year’s revenue of $11.21 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 second quarter, profit rose 22% to $151.8 million (96 cents a share) from $124.5 million (78 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.9% to $3.18 billion from $2.85 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 13.2%, 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 25.7% in the first quarter and 19.6% in the fourth 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 August 16, 2011 to October 12, 2011, the stock price had risen $4.79 (9.6%) from $50.04 to $54.83. 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, rising 9.9% (+$5.12) 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, falling 10.7% (-$6.04) over that span. Shares are up $4.80 (+9.6%) year to date.

(Source: Xignite Financials)

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