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Atlanta, Georgia-based Genuine Parts Company (GPC) is a leading global service provider of automotive & industrial replacement parts and value-added solutions. With a market cap of $16.5 billion, Genuine Parts operates over 10,700 locations spread across 17 countries and employs over 60,000 people across the globe. GPC is expected to release its fourth-quarter results on Thursday, Feb. 20.
Ahead of the event, analysts expect GPC to report a non-GAAP profit of $1.54 per share, down 31.9% from $2.26 per share reported in the year-ago quarter. While the company has missed Wall Street’s earnings projections twice over the past four quarters, it has surpassed the estimates on two other occasions. Its adjusted EPS for the last reported quarter declined 24.5% year-over-year to $1.88, missing analysts’ expectations by nearly 23%.
