Chicago, IL-based LKQ Corporation (LKQ - Free Report) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.
Earnings
In the first-quarter, LKQ's adjusted earnings were 56 cents per share, beating the Zacks Consensus Estimate of 55 cents. The earnings in the year-ago quarter was 55 cents per share.
Revenues
The company reported revenues of $3.1 billion, higher than $2.7 billion recorded in the year-ago quarter. However, the figure narrowly missed the Zacks Consensus Estimate of $3.15 billion.
LKQ Corporation Price and EPS Surprise
Estimate Trend & Surprise History
Investors should note that stock’s Zacks Consensus Estimate for quarterly earnings was down 1.8% over the past seven days.
The company lagged estimates in two of the trailing four quarters, beating the same once and meeting the mark on another occasion. The average negative earnings is 0.9%.
Key Stats/Developments to Note
For 2019, LKQ lowered the projection for earnings per share to $1.87-$2.00 compared with previously mentioned $2.05-$2.17. However, organic revenue growth projection for parts & services remained unchanged at 2-4%.
Zacks Rank
LKQ 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’s earnings report!
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Chicago, IL-based LKQ Corporation (LKQ - Free Report) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.
Earnings
In the first-quarter, LKQ's adjusted earnings were 56 cents per share, beating the Zacks Consensus Estimate of 55 cents. The earnings in the year-ago quarter was 55 cents per share.
Revenues
The company reported revenues of $3.1 billion, higher than $2.7 billion recorded in the year-ago quarter. However, the figure narrowly missed the Zacks Consensus Estimate of $3.15 billion.
LKQ Corporation Price and EPS Surprise
Estimate Trend & Surprise History
Investors should note that stock’s Zacks Consensus Estimate for quarterly earnings was down 1.8% over the past seven days.
The company lagged estimates in two of the trailing four quarters, beating the same once and meeting the mark on another occasion. The average negative earnings is 0.9%.
Key Stats/Developments to Note
For 2019, LKQ lowered the projection for earnings per share to $1.87-$2.00 compared with previously mentioned $2.05-$2.17. However, organic revenue growth projection for parts & services remained unchanged at 2-4%.
Zacks Rank
LKQ 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’s earnings report!
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
See the 7 breakthrough 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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