Recap: Genuine Parts Q1 Earnings - Genuine Parts (NYSE:GPC)

Genuine Parts GPC reported its Q1 earnings results on Thursday, April 20, 2023 at 06:55 AM.

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

Genuine Parts beat estimated earnings by 5.42%, reporting an EPS of $2.14 versus an estimate of $2.03.

Revenue was up $470.00 million from the same period last year.

Last quarter the company beat on EPS by $0.16 which was followed by a 0.52% drop in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.89	2.05	2.02	1.68
EPS Actual	2.05	2.23	2.20	1.86
Revenue Estimate	5.34B	5.38B	5.29B	5.06B
Revenue Actual	5.52B	5.67B	5.60B	5.29B

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).

Genuine Parts management provided guidance for FY 2025, expecting earnings between $11.0 and $11.5 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.