LKQ Corporation’s (LKQ - Free Report) first-quarter 2019 adjusted earnings were 56 cents per share, which rose 2% from 55 cents recorded in the prior-year quarter. Further, the figure surpassed the Zacks Consensus Estimate of 55 cents. Improvement in North America gross margin along with pricing initiatives to offset inflationary pressures aided year-over-year earnings growth.
Adjusted net income was $176 million, marking 4% rise from $170 million recorded in the same period of 2018.
In the first quarter, revenues rose 14% to $3.1 billion from $2.7 billion a year ago. However, the figure narrowly missed the Zacks Consensus Estimate of $3.17 billion. The company witnessed 0.1% organic revenue growth in parts and services while acquisition revenue growth was 18.3%.
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’s (LKQ - Free Report) first-quarter 2019 adjusted earnings were 56 cents per share, which rose 2% from 55 cents recorded in the prior-year quarter. Further, the figure surpassed the Zacks Consensus Estimate of 55 cents. Improvement in North America gross margin along with pricing initiatives to offset inflationary pressures aided year-over-year earnings growth.
Adjusted net income was $176 million, marking 4% rise from $170 million recorded in the same period of 2018.
In the first quarter, revenues rose 14% to $3.1 billion from $2.7 billion a year ago. However, the figure narrowly missed the Zacks Consensus Estimate of $3.17 billion. The company witnessed 0.1% organic revenue growth in parts and services while acquisition revenue growth was 18.3%.
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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