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Compared to Estimates, LKQ (LKQ) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, LKQ (LKQ - Free Report) reported revenue of $3.71 billion, up 7.6% over the same period last year. EPS came in at $0.98, compared to $1.09 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.87 billion, representing a surprise of -4.06%. The company delivered an EPS surprise of -4.85%, with the consensus EPS estimate being $1.03.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how LKQ performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue - Organic - YoY change: -2.9% compared to the 2.2% average estimate based on five analysts.
Organic Growth - Parts and services - Wholesale - North America: -5.3% versus 0.6% estimated by five analysts on average.
Organic Growth - Parts and services - Europe: 0.3% versus the five-analyst average estimate of 5%.
Organic Growth - Parts and services - Specialty: -2.1% compared to the 0.6% average estimate based on five analysts.
Revenue- Other- Total: $159 million versus $163.59 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -15.9% change.
Revenue- Parts and Services: $3.55 billion versus the five-analyst average estimate of $3.71 billion. The reported number represents a year-over-year change of +9%.
Revenue- Parts and Services- Specialty: $466 million compared to the $469.31 million average estimate based on five analysts. The reported number represents a change of +5.4% year over year.
Revenue- Parts and Services- Europe: $1.63 billion versus $1.71 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
Revenue- Parts and Services- Wholesale - North America: $1.40 billion compared to the $1.46 billion average estimate based on five analysts. The reported number represents a change of +24.7% year over year.
Revenue- Parts and Services- Self Service: $55 million versus the five-analyst average estimate of $63.17 million. The reported number represents a year-over-year change of -12.7%.
Revenue- Europe: $1.64 billion versus $1.72 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.1% change.
Revenue- Specialty: $466 million versus the three-analyst average estimate of $468.19 million. The reported number represents a year-over-year change of +5.2%.
Shares of LKQ have returned +6.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, LKQ (LKQ) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, LKQ (LKQ - Free Report) reported revenue of $3.71 billion, up 7.6% over the same period last year. EPS came in at $0.98, compared to $1.09 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.87 billion, representing a surprise of -4.06%. The company delivered an EPS surprise of -4.85%, with the consensus EPS estimate being $1.03.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how LKQ performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue - Organic - YoY change: -2.9% compared to the 2.2% average estimate based on five analysts.
- Organic Growth - Parts and services - Wholesale - North America: -5.3% versus 0.6% estimated by five analysts on average.
- Organic Growth - Parts and services - Europe: 0.3% versus the five-analyst average estimate of 5%.
- Organic Growth - Parts and services - Specialty: -2.1% compared to the 0.6% average estimate based on five analysts.
- Revenue- Other- Total: $159 million versus $163.59 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -15.9% change.
- Revenue- Parts and Services: $3.55 billion versus the five-analyst average estimate of $3.71 billion. The reported number represents a year-over-year change of +9%.
- Revenue- Parts and Services- Specialty: $466 million compared to the $469.31 million average estimate based on five analysts. The reported number represents a change of +5.4% year over year.
- Revenue- Parts and Services- Europe: $1.63 billion versus $1.71 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Revenue- Parts and Services- Wholesale - North America: $1.40 billion compared to the $1.46 billion average estimate based on five analysts. The reported number represents a change of +24.7% year over year.
- Revenue- Parts and Services- Self Service: $55 million versus the five-analyst average estimate of $63.17 million. The reported number represents a year-over-year change of -12.7%.
- Revenue- Europe: $1.64 billion versus $1.72 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.1% change.
- Revenue- Specialty: $466 million versus the three-analyst average estimate of $468.19 million. The reported number represents a year-over-year change of +5.2%.
View all Key Company Metrics for LKQ here>>>Shares of LKQ have returned +6.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.