Recap: Genuine Parts Q3 Earnings

Recap: Genuine Parts Q3 Earnings

Genuine Parts GPC reported its Q3 earnings results on Thursday, October 20, 2022 at 06:55 AM.

Here's what investors need to know about the announcement.

Earnings

Genuine Parts beat estimated earnings by 8.78%, reporting an EPS of $2.23 versus an estimate of $2.05.

Revenue was up $856.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.18 which was followed by a 2.21% increase in the share price the next day.

Here's a look at Genuine Parts's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 2.02 1.68 1.60 1.63
EPS Actual 2.20 1.86 1.79 1.88
Revenue Estimate 5.29B 5.06B 4.67B 4.68B
Revenue Actual 5.60B 5.29B 4.80B 4.82B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Genuine Parts management provided guidance for FY 2022, expecting earnings between $8.05 and $8.15 per share.

To track all earnings releases for Genuine Parts visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings