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LKQ Corporation's Q2 Earnings and Revenues Beat Estimates

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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 second-quarter 2018, LKQ Corp reported adjusted earnings of 61 cents per share, beating the Zacks Consensus Estimate of 58 cents. Adjusted earnings per share in the year-ago quarter were 53 cents.
 
Revenues

LKQ Corp reported total revenue of $3.03 billion, higher than $2.46 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $2.88 billion.

LKQ Corporation Price and EPS Surprise

Estimate Trend & Surprise History

Investors should note that stock has not witnessed any change in the Zacks Consensus Estimate for the second-quarter earnings over the last 30 days.

The company missed estimates in two of the trailing four quarters with an average negative surprise of 0.03%

Key stats/Developments to Note
For 2018, LKQ Corp expects organic revenue growth for parts & services in the range of 4.5-5.5%, in comparison to the prior guidance of 4.0%-5.5%.

Further, adjusted net income from continuing operations is expected to be within the range of $710-$735 million down from the earlier guidance of $685-$715 million. Adjusted earnings per share from continuing operations in 2018 are expected to be in the band of $2.25-$2.33 increasing from the prior guidance of $2.2-$2.3.

Zacks Rank
 
LKQ Corp holds a Zacks Rank #1 (Strong Buy), 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  stocks here.
 
Check back later for our full write up on LKQ Corp’s earnings report!

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