LKQ Corporation (NASDAQ:LKQ) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, LKQ to report 3Q20 income of $ 0.53 per share.
For the full year, analysts anticipate top line of $ 11513.00 million, while looking forward to income of $ 2.15 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.46 ~ $ 2.58 per share
Click Here For More Historical Outlooks Of LKQ Corporation
Previous Quarter Performance
LKQ Corporation communicated income for the second quarter of $ 0.53 per share, from the revenue of $ 2,626.00 million. The quarterly earnings dropped 18.46 percent while revenues decreased 19.15 percent compared with the same quarter last year.
According to street consensus, LKQ was expected to report 2Q20 income of $ 0.16 per share from revenue of $ 2399.53 million. The bottom line results beat street analysts by $ 0.37 or 231.25 percent, at the same time, top line results outshined analysts by $ 226.47 million or 9.44 percent.
Stock Performance
Shares of LKQ Corporation traded low $ -1.13 or -3.66 percent on Wednesday, reaching $ 29.77 with volume of 3.47 million shares. LKQ Corporation has traded high as $ 30.48 and has cracked $ 29.60 on the downward trend
According to the previous trading day, closing price of $ 29.77, representing a 132.16 % increase from the 52 week low of $ 13.31 and a 15.64 % decrease over the 52 week high of $ 36.63.
The company has a market capital of $ 9.06 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Conference Call
LKQ Corporation will be hosting a conference call at 8:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lkqcorp.com
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.
