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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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 >>
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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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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