Yahoo Finance Genuine Parts First Quarter 2024 Earnings: Misses Expectations
Genuine Parts (NYSE:GPC) First Quarter 2024 Results
Key Financial Results
Revenue: US$5.78b (flat on 1Q 2023).
Net income: US$248.9m (down 18% from 1Q 2023).
Profit margin: 4.3% (down from 5.3% in 1Q 2023).
EPS: US$1.79 (down from US$2.16 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Genuine Parts Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Retail Distributors industry in the US.
Performance of the American Retail Distributors industry.
The company's shares are up 9.7% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Genuine Parts that we have uncovered.
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