Yahoo Finance LKQ First Quarter 2024 Earnings: Misses Expectations
LKQ (NASDAQ:LKQ) First Quarter 2024 Results
Key Financial Results
Revenue: US$3.70b (up 11% from 1Q 2023).
Net income: US$158.0m (down 42% from 1Q 2023).
Profit margin: 4.3% (down from 8.1% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.59 (down from US$1.01 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
LKQ Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 29%.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Retail Distributors industry in the US.
Performance of the American Retail Distributors industry.
The company's shares are down 13% from a week ago.
Valuation
Our analysis of LKQ based on 6 different valuation metrics shows it might be undervalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
