LKQ Q1 Adj $0.82 Misses $0.95 Estimate, Sales $3.70B Miss $3.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
LKQ Corporation reported Q1 adjusted earnings of $0.82 per share, missing the consensus estimate of $0.95, and sales of $3.70 billion, missing the estimate of $3.77 billion. This represents a decrease in earnings and an increase in sales compared to the same period last year.
April 23, 2024 | 10:02 am
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LKQ Corporation missed Q1 earnings and sales estimates, with a significant decrease in earnings per share compared to last year but an increase in sales.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The decrease in earnings per share is particularly concerning, indicating a drop in profitability. However, the increase in sales year-over-year might provide some buffer against negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100