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%.
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.
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.
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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