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LKQ Corporation (LKQ - Free Report) is a provider of specialty and alternative systems, components, equipment and parts to repair and accessorize vehicles.
Earnings
In the fourth-quarter, LKQ Corp reported adjusted earnings of 41 cents per share, missing the Zacks Consensus Estimate of 42 cents. Adjusted earnings per share in the year-ago quarter were 35 cents.
Revenues
LKQ Corp reported total revenue of $2.47 billion, higher than $2.15 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $2.4 billion.
Investors should note that stock has not witnessed any change in the Zacks Consensus Estimate for the fourth-quarter and full year 2017 earnings over the last 30 days.
The company missed estimates in only one of the trailing four quarters with an average beat of 0.8%.
Key Stats/Developments to Note
For 2018, LKQ Corp expects organic revenue growth for parts & services in the range of 4-6%, in comparison to 4.1% recorded in 2017.
Further, adjusted net income from continuing operations is expected to be within the range of $720-$750 million, whereas adjusted earnings per share from continuing operations in 2018 is expected to be in the band of $2.3-$2.4.
Check back later for our full write up on LKQ Corp’s earnings report!
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LKQ Corporation's Q4 Earnings Miss, Revenues Beat Estimates
LKQ Corporation (LKQ - Free Report) is a provider of specialty and alternative systems, components, equipment and parts to repair and accessorize vehicles.
Earnings
In the fourth-quarter, LKQ Corp reported adjusted earnings of 41 cents per share, missing the Zacks Consensus Estimate of 42 cents. Adjusted earnings per share in the year-ago quarter were 35 cents.
Revenues
LKQ Corp reported total revenue of $2.47 billion, higher than $2.15 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $2.4 billion.
LKQ Corporation Price and EPS Surprise
LKQ Corporation Price and EPS Surprise | LKQ Corporation Quote
Estimate Trend & Surprise History
Investors should note that stock has not witnessed any change in the Zacks Consensus Estimate for the fourth-quarter and full year 2017 earnings over the last 30 days.
The company missed estimates in only one of the trailing four quarters with an average beat of 0.8%.
Key Stats/Developments to Note
For 2018, LKQ Corp expects organic revenue growth for parts & services in the range of 4-6%, in comparison to 4.1% recorded in 2017.
Further, adjusted net income from continuing operations is expected to be within the range of $720-$750 million, whereas adjusted earnings per share from continuing operations in 2018 is expected to be in the band of $2.3-$2.4.
Zacks Rank
LKQ Corp holds a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on LKQ Corp’s earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>