The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Genuine Parts met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded.
Margins increased across the board.
Genuine Parts chalked up revenue of $3.01 billion. The seven analysts polled by S&P Capital IQ foresaw a top line of $3.05 billion on the same basis. GAAP reported sales were 7.4% higher than the prior-year quarter's $2.81 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.86. The eight earnings estimates compiled by S&P Capital IQ predicted $0.83 per share. GAAP EPS of $0.86 for Q4 were 15% higher than the prior-year quarter's $0.75 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.6%, 50 basis points better than the prior-year quarter. Operating margin was 7.0%, 20 basis points better than the prior-year quarter. Net margin was 4.5%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.14 billion. On the bottom line, the average EPS estimate is $0.87.
Next year's average estimate for revenue is $13.10 billion. The average EPS estimate is $3.96.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 337 members out of 356 rating the stock outperform, and 19 members rating it underperform. Among 137 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 133 give Genuine Parts a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Genuine Parts is hold, with an average price target of $56.17.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.