Genuine Parts Reinstates Full-year Outlook - Quick Facts

(RTTNews) - While reporting its financial results for the fourth quarter on Wednesday, Genuine Parts Co. (GPC) said it is reinstating its practice of providing full-year guidance and issued its financial outlook for fiscal 2021.

For fiscal 2021, Genuine Parts forecast total sales growth of 4 percent to 6 percent and earnings of $5.55 to $5.75 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.76 per share for the year on revenue growth of 3.2 percent to $17.56 billion. Analysts' estimates typically exclude special items.