Genuine Parts reports its second-quarter earnings on Monday, July 20, 2015, and the consensus earnings per share estimate is $1.32 per share.
The consensus estimate hasn't changed over the past month, but it's down from three months ago when it was $1.34. For the fiscal year, analysts are expecting earnings of $4.77 per share. Revenue is expected to be $4.05 billion for the quarter, 4% higher than the year-earlier total of $3.91 billion. For the year, revenue is projected to come in at $15.84 billion.
A year-over-year drop in revenue in the first quarter broke a three-quarter streak of revenue increases.
The drop in net income in the first quarter snapped a streak of two straight quarters of year-over-year profit growth. The 19% profit drop in the most recent quarter can be compared with two previous quarters of profit growth: 10% in the fourth quarter and 10% in the third quarter.
The majority of analysts (62%) rate Genuine as a buy. That percentage is still below the mean analyst rating of three similar companies, which average 91% buys.
Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. Dorman Products Inc., also in the auto and truck parts industry, will report earnings on Wednesday, July 29, 2015. Analysts are expecting earnings of $0.69 per share for Dorman Products, up 8% from last year's earnings of $0.64 per share.
Another company in the consumer cyclical sector is LKQ.
Earnings estimates provided by Zacks.
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