Genuine Parts Company GPC is set to report first-quarter 2016 results on Apr 19. In the last quarter, the company posted a positive earnings surprise of 8.08%. Let us see how things are shaping up for this announcement.Factors Influencing this QuarterGenuine Parts has undertaken various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets and cost-saving activities. The company relies on a diverse product portfolio for top- and bottom-line growth. Moreover, the recent acquisitions should drive sales in the quarter to be reported.However, Genuine Parts is facing challenges due to fragile economic conditions, both in the domestic market and globally. This is expected to have an adverse impact on segment results, primarily that of the Industrial and Electrical segment. In addition, rising competition in the industries in which Genuine Parts operates poses a challenge for the company.Earnings WhispersOur proven model does not conclusively show that Genuine Parts is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:Zacks ESP: Genuine Parts has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.02.Zacks Rank: Genuine Parts carries a Zacks Rank #3 (Hold). Though a Zacks Rank #3 increases the predictive power of ESP, the company’s ESP of 0.00% makes surprise prediction difficult.We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.Stocks to ConsiderHere are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:Autoliv, Inc. ALV has an Earnings ESP of +1.32% and a Zacks Rank #2 (Buy). The company’s first-quarter 2016 financial results are scheduled for release on Apr 29.Ferrari N.V. RACE has an Earnings ESP of +12.5% and a Zacks Rank #3. The company will report first-quarter 2016 financial numbers on May 2.Tenneco Inc. TEN has an Earnings ESP of +1.8% and a Zacks Rank #3. The company is expected to report first-quarter 2016 results on Apr 26.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AUTOLIV INC (ALV): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report FERRARI NV (RACE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research