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Barchart
Barchart
Aditya Sarawgi

What You Need To Know Ahead of Genuine Parts' Earnings Release

Atlanta, Georgia-based Genuine Parts Company (GPC) is a leading global service provider of automotive and industrial replacement parts and value-added solutions. With a market cap of $16.7 billion, Genuine Parts operates over 10,700 locations spread across 17 countries and employs over 60,000 people. GPC is expected to release its second-quarter results on Tuesday, Jul. 22.

Ahead of the event, analysts expect GPC to report a non-GAAP profit of $2.08 per share, down 14.8% from $2.44 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.

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