LKQ Corp reports results for the quarter ended in June - Earnings Summary

LKQ

25/07/2024 14:51

* LKQ Corp  LKQ.OQ  reported quarterly adjusted earnings of
98
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.09. 
The mean expectation of nine analysts for the quarter was
for earnings of $1.03 per share. Wall Street expected results to
range from 99 cents to $1.09 per share.
    * Revenue rose 7.6% to $3.71 billion from a year ago;
analysts
expected $3.87 billion. 
    * LKQ Corp's reported EPS for the quarter was 70 cents​.
    * The company reported quarterly net income of $185 million.
    * LKQ Corp shares had risen by 6.9% this quarter and
lost 6.9% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for LKQ Corp is
$60.00 
This summary was machine generated from LSEG data July 25 at
01:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       1.03           0.98           Missed
 Mar. 31 2024      0.95           0.82           Missed
 Dec. 31 2023      0.76           0.84           Beat
 Sep. 30 2023      0.96           0.86           Missed