LKQ Corporation (LKQ - Free Report) , based in Chicago, IL, is a provider of recycled OEM automotive replacement parts and related services. It has operations in North America, Europe and Taiwan.
Estimate Trend & Surprise History
Investors should note that the second-quarter 2017 earnings estimate for LKQ Corp has remained unchanged of late.
The company has a mixed record of earnings surprises. It has surpassed the Zacks Consensus Estimate in two of the trailing four quarters, missed in one and come at par in one, leading to an average positive surprise of 2.15%.
Earnings
LKQ Corp’s adjusted earnings were 53 cents per share in the second quarter of 2017, beating the Zacks Consensus Estimate by a penny. The prior-year quarter figure was also 52 cents.
Revenues
LKQ Corp reported record revenues of $2.46 billion, up 6.7% year over year. Revenues also surpassed the Zacks Consensus Estimate of $2.41 billion.
Key Stats/Developments to Note
For 2017, LKQ Corp expects Organic revenue growth for parts & services in the range of 4% to 5.25%, revising from prior guidance of 4% to 6%. Adjusted income from continuing operations is expected between $570−$595 million, from the prior expectation of $565−$595 million. Adjusted earnings per share in 2017 are expected to be in the range of $1.84–$1.92, up from the prior expectation of $$1.82–$1.92.
Zacks Rank
LKQ Corp currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on LKQ Corp’s earnings report!
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LKQ Corporation (LKQ - Free Report) , based in Chicago, IL, is a provider of recycled OEM automotive replacement parts and related services. It has operations in North America, Europe and Taiwan.
Estimate Trend & Surprise History
Investors should note that the second-quarter 2017 earnings estimate for LKQ Corp has remained unchanged of late.
The company has a mixed record of earnings surprises. It has surpassed the Zacks Consensus Estimate in two of the trailing four quarters, missed in one and come at par in one, leading to an average positive surprise of 2.15%.
Earnings
LKQ Corp’s adjusted earnings were 53 cents per share in the second quarter of 2017, beating the Zacks Consensus Estimate by a penny. The prior-year quarter figure was also 52 cents.
Revenues
LKQ Corp reported record revenues of $2.46 billion, up 6.7% year over year. Revenues also surpassed the Zacks Consensus Estimate of $2.41 billion.
Key Stats/Developments to Note
For 2017, LKQ Corp expects Organic revenue growth for parts & services in the range of 4% to 5.25%, revising from prior guidance of 4% to 6%. Adjusted income from continuing operations is expected between $570−$595 million, from the prior expectation of $565−$595 million. Adjusted earnings per share in 2017 are expected to be in the range of $1.84–$1.92, up from the prior expectation of $$1.82–$1.92.
Zacks Rank
LKQ Corp currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released.
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: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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