LKQ Corp (LKQ) To Report Q2 Earnings: What's In The Offing?
Zacks Investment Research | Jul 21, 2019 09:07PM ET
LKQ Corporation (NASDAQ:LKQ) is set to report second-quarter 2019 results, before the opening bell on Jul 25.
In the last reported quarter, its earnings surpassed estimates. The company lagged estimates in one of the trailing four quarters, beat the same twice and meet the mark once. The average positive earnings surprise was 1.2%.
In the past six months, shares of LKQ Corp have outperformed the industry it belongs to. The stock has moved down 3.4% compared with the industry’s 8% decline.
Let’s see, how things have shaped up for the upcoming announcement.
Factors Influencing the Second Quarter
Recurrent consolidations in almost every quarter and of course in second-quarter 2019, along with the rising selling, general and administrative expenses due to rent and utilities plus freight and fuel costs, will impact LKQ Corp’s bottom line. The uncertainty in Europe’s economic conditions is another headwind, which is likely to adversely affect the company in the second quarter.
LKQ Corp, which is a supplier of automotive alternative and specialty parts, is expanding presence through frequent acquisitions. Partnerships among the industry majors are also likely to affect the company’s margin during the soon-to-be-reported quarter.
Earnings Whispers
Our proven model does not conclusively predict that LKQ Corp is likely to beat on earnings this earning season. This is because a stock needs to have a positive Original post
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