LKQ Revises Outlook: Sees Adjusted EPS Of $3.38-$3.52 Vs. $3.52 Estimate (Prior View: $3.50-$3.70)
Portfolio Pulse from Nabaparna Bhattacharya
LKQ Corporation has revised its earnings outlook, now expecting an adjusted EPS of $3.38-$3.52, down from the previous estimate of $3.50-$3.70. This is below the market's prior estimate of $3.52.
October 24, 2024 | 10:09 am
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LKQ Corporation has lowered its earnings guidance, now expecting an adjusted EPS of $3.38-$3.52, which is below both its previous guidance and market expectations.
The revision of LKQ's earnings guidance to a lower range than previously expected and below market estimates suggests potential challenges in meeting financial targets. This is likely to create negative sentiment among investors, leading to short-term downward pressure on the stock price.
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