Automotive parts company LKQ (NASDAQ: LKQ) will be reporting earnings this Thursday before market open. Here’s what you need to know.
LKQ missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $3.50 billion, up 1.3% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ organic revenue estimates but full-year EBITDA guidance missing analysts’ expectations significantly.
Is LKQ a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting LKQ’s revenue to decline 3.1% year on year to $3.20 billion, improving from the 5.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.65 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at LKQ’s peers in the consumer discretionary - specialized consumer services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. 1-800-FLOWERS’s revenues decreased 9.5% year on year, meeting analysts’ expectations, and Matthews reported a revenue decline of 29.1%, topping estimates by 0.8%. 1-800-FLOWERS traded up 6.9% following the results while Matthews’s stock price was unchanged.
Read our full analysis of 1-800-FLOWERS’s results here and Matthews’s results here.
Investors in the consumer discretionary - specialized consumer services segment have had steady hands going into earnings, with share prices flat over the last month. LKQ’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $41.19 (compared to the current share price of $32.46).
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