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Genuine Parts Company has recently posted its earnings results with an EPS of $1.08 for 2017’s third quarter - a decline from the posted data of $1.24 in the same quarter of last year. The results missed the market estimate of $1.28 for the period.

As for the net income of the company, GPC revealed a data of $158.4 million for the third quarter which was a decline from $185.3 if to compare on a year-over-year basis.

The revenues of the auto parts company added $4.09 billion for the period. This is a 3.9% increase year over year. Operating profit diminished to $310.3 million from $328 million of last year’s results. Selling, general and administrative expenses climbed to at least $940.3 million from $869.6 million of the previous year.

Revenue Breakdown

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GPC provides parts for car companies such as Toyota and Lexus.

For the Automotive Parts segment, Revenues generated a 3.6% rise to $2.2 billion from the posted data last year of$2.1 billion. However, the operating profit of this division declined to $178.2 million in the said quarter compared to last year’s data of $197.9 million.

The Motion Industries’ revenue was seen climbing by at least 7.1% to $1.24 billion. The industrial segment’s operating profit soared to $94.6 million compared to last year’s data of $85.6 million.

Revenues for the Electrical or EIS segment added 11.6% from the data of $199.2 million. Operating Profits however declined from the data of $14.3 million of last year to $13.5 million.

Lastly, the S. P. Richards or Office Products segment revealed a plunge of 4.7% to $510 million while its Operating profit experiencing a similar decline from $30.3 million to $24 million.

Genuine Parts generated its cash and cash equivalents to $210.1 million – a decline from $225.2 million of last year. Long-term debt amplified to $550 million from $300 million of the previous year.

Also in third-quarter 2017, capital expenditure improved to $43.1 million from $36.9 million.

Trading Performance

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Genuine Parts declined for the third consecutive time in its recent trades. The latest performance declined by -1.09% as it closed at 87.50.

Since the earnings release, the Relative Strength Index dramatically declined from being overbought to the depths of the 30’s region. The performance also caused the indicator to further go down from where it used to be. It is currently at 34.90.

Lastly, the Coppock curve also experienced a heavy decline towards the negative region. It is currently at -11.35 which would indicate a sell for the car part company.

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