LKQ Earnings: Everything You Must Know Now

LKQ Corporation (NASDAQ:LKQ) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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LKQ Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 7.41% to $0.29 in the quarter versus EPS of $0.27 in the year-earlier quarter.

Revenue: Rose 15.92% to $1.2 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.29 per share. By that measure, the company missed the mean analyst estimate of $0.29. It beat the average revenue estimate of $1.16 billion.

Quoting Management: “I was particularly pleased with our results this quarter because, adjusting for the legal settlement in 2012 and other charges, diluted earnings per share grew by 16% compared to the prior year quarter. We also delivered strong organic revenue growth for parts and services of 9.6% despite the quarter having one less selling day in the US and two less selling days in the UK,” stated Robert L. Wagman, President and Chief Executive Officer of LKQ Corporation. “I am also proud of our ability to deliver bottom line growth, with the first quarter of 2013 producing record earnings.”

Key Stats (on next page)…

Revenue increased 11.99% from $1.07 billion in the previous quarter. EPS increased 38.1% from $0.21 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.26 to a profit $0.25. For the current year, the average estimate has moved down from a profit of $1.09 to a profit of $1.06 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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