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.
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.
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%.
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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