LKQ Corp. Expects FY24 Adjusted Diluted EPS Between $3.90-$4.20 Vs. $4.11 Estimate, Projects Organic Revenue Growth For Parts And Services Of 3.5%-5.5%
Portfolio Pulse from Benzinga Newsdesk
LKQ Corp. has provided its financial outlook for FY24, expecting an adjusted diluted EPS in the range of $3.90-$4.20, compared to the analyst estimate of $4.11. The company also forecasts organic revenue growth for its parts and services segment to be between 3.5% and 5.5%.
February 22, 2024 | 11:07 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
LKQ Corp. anticipates FY24 adjusted diluted EPS to range from $3.90 to $4.20, which is slightly below the analyst consensus of $4.11. The company also expects organic revenue growth in its parts and services sector to be between 3.5% and 5.5%.
The EPS forecast provided by LKQ Corp. is slightly below the analyst estimate, which could lead to mixed reactions in the market. However, the projected organic revenue growth in parts and services indicates a positive outlook for the company's core operations. The overall impact on the stock price is likely to be neutral in the short term as investors weigh the lower EPS forecast against the solid revenue growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100