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LKQ Corporation's Q1 Earnings Miss, Revenues Beat Estimates

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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 first-quarter 2018, LKQ Corp reported adjusted earnings of 55 cents per share, missing the Zacks Consensus Estimate of 59 cents. Adjusted earnings per share in the year-ago quarter were 49 cents.
 
Revenues
 
LKQ Corp reported total revenue of $2.72 billion, higher than $2.34 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $2.63 billion.

LKQ Corporation Price and EPS Surprise
Investors should note that stock has not witnessed any change in the Zacks Consensus Estimate for the first-quarter earnings over the last 30 days.
 
The company missed estimates in only one of the trailing four quarters with an average beat of 3.3%.
 
Key Stats/Developments to Note
 
For 2018, LKQ Corp expects organic revenue growth for parts & services in the range of 4-5.5%, in comparison to the prior guidance of 4-6%.
 
Further, adjusted net income from continuing operations is expected to be within the range of $685-$715 million down from the earlier guidance of $720-$750 million. Adjusted earnings per share from continuing operations in 2018 is expected to be in the band of $2.2-$2.3 declining from the prior guidance of $2.3-$2.4.
 
Zacks Rank
 
LKQ Corp 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 Corp’s earnings report!
 
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