Uncovering Potential: LKQ's Earnings Preview

LKQ (NASDAQ:LKQ) is set to give its latest quarterly earnings report on Thursday, 2024-10-24. Here's what investors need to know before the announcement.

Analysts estimate that LKQ will report an earnings per share (EPS) of $0.89.

The announcement from LKQ is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

The company's EPS missed by $0.05 in the last quarter, leading to a 3.16% increase in the share price on the following day.

Here's a look at LKQ's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.03

0.95

0.76

0.96

EPS Actual

0.98

0.82

0.84

0.86

Price Change %

3.0%

4.0%

1.0%

-1.0%

Stock Performance

Shares of LKQ were trading at $37.48 as of October 22. Over the last 52-week period, shares are down 14.01%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

Analyst Observations about LKQ

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on LKQ.

A total of 7 analyst ratings have been received for LKQ, with the consensus rating being Outperform. The average one-year price target stands at $58.43, suggesting a ...