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Barchart
Barchart
Sohini Mondal

What You Need To Know Ahead of LKQ's Earnings Release

With a market cap of $10.5 billion, LKQ Corporation (LKQ) operates in the auto parts and accessories industry. The company specializes in distributing replacement parts, components, and systems for vehicle repair and maintenance, serving both professional repair shops and retail customers. The Chicago, Illinois-based company will announce its fiscal Q3 earnings results before the market opens on Thursday, Oct. 24.

Ahead of this event, analysts expect the vehicle components company to report a profit of $0.88 per share, representing a 2.3% growth from $0.86 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in one of the past four quarters while missing on three other occasions. LKQ missed the consensus EPS estimate by a 4.9% margin in the most recent quarter.

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