LKQ Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.10-25

LKQ (NASDAQ:LKQ) Third Quarter 2024 Results Key Financial Results Revenue: US$3.58b (flat on 3Q 2023). Net income: US$191.0m (down 7.7% from 3Q 2023). Profit margin: 5.3% (down from 5.8% in 3Q 2023)....

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 1.9%. Earnings per share  also missed analyst estimates by 7.0%.Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Retail Distributors industry in the US.The company's shares are down 4.4% from a week ago.Be aware that  LKQ is showing  3 warning signs in our investment analysis that you should know about...","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LKQ":"LKQ Corporation"},"translate_title":"LKQ 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LKQ":1},"content_text":"LKQ (NASDAQ:LKQ) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$3.58b (flat on 3Q 2023).\nNet income: US$191.0m (down 7.7% from 3Q 2023).\nProfit margin: 5.3% (down from 5.8% in 3Q 2023).\nEPS: US$0.72 (down from US$0.77 in 3Q 2023).\n\n\n\n\n  NasdaqGS:LKQ Earnings and Revenue Growth October 25th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nLKQ Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 7.0%. \n Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Retail Distributors industry in the US. \nPerformance of the American Retail Distributors industry.\n The company's shares are down 4.4% from a week ago. \nRisk Analysis\n Be aware that  LKQ is showing  3 warning signs in our investment analysis that you should know about... \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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. 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