- Genuine Parts reported a 0.8% decrease in comparable sales for their automotive group in the first quarter.
- Net sales for the quarter were $5.87 billion, marking a 1.4% increase compared to the previous year.
- Net sales exceeded the estimated figure of $5.83 billion.
- The adjusted earnings per share (EPS) was $1.75, down from $2.22 in the previous year, but above the estimate of $1.68.
- Analysts’ ratings include 6 buys, 7 holds, and 1 sell recommendation.
Genuine Parts Co on Smartkarma
Analyst coverage of Genuine Parts Co on Smartkarma reveals interesting insights. Baptista Research recently published two research reports on Genuine Parts Co, providing a bullish perspective on the company’s performance.
In the first report titled “Genuine Parts Company: A Closer Look at Its Earnings Cadence & Market Conditions!” the analysts highlighted the company’s 2024 financial results, showing a 1.7% growth in total sales driven by strategic acquisitions despite challenging market conditions.
The second report, “Genuine Parts Company: The Tale Of Global Restructuring & Investment in Technology! – Major Drivers,” discussed the company’s third-quarter earnings, emphasizing strategic shifts and investments for long-term sustainability. Despite a 2.5% increase in total sales, market softness and cost pressures remain challenges for Genuine Parts Co according to Baptista Research.
A look at Genuine Parts Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Genuine Parts Co has a positive long-term outlook. With above-average scores in Dividend and Momentum, the company shows promise for consistent returns and market performance. Its strong Dividend score indicates a stable payout to investors, while the favorable Momentum score suggests positive price trends that could continue in the future.
In addition, Genuine Parts Co demonstrates resilience in its industry, with a solid score in that category. This resilience, along with decent scores in Value and Growth, positions the company well for sustained growth and stability. With a diverse product range that includes automotive and industrial parts, office supplies, and electrical materials, Genuine Parts Co‘s presence in multiple markets across the United States, Canada, and Mexico provides a strong foundation for future success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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