Lear Corp expected to post earnings of $2.57 a share - Earnings Preview
31/01/2023 17:41
* Lear Corp LEA.N LEA is expected to show a rise in
quarterly
revenue when it reports results on February 2.
* The Southfield Michigan-based company is expected to
report a
7.1% increase in revenue to $5.224 billion from $4.88 billion a
year ago, according to the mean estimate from 12 analysts, based
on Refinitiv data. The company's guidance on December 8 2022,
for the period ended December 31, was for revenue of $5.280
billion.
* Refinitiv's mean analyst estimate for Lear Corp is for
earnings
of $2.57 per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Lear Corp
is
$148.65, above its last closing price of $138.90.
The company's guidance on December 8 2022 for the period ended
December 31 was for Earnings before Interest and Taxes of USD209
million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Sep. 30 2022 2.10 2.12 2.33 Beat 10
Jun. 30 2022 1.41 1.44 1.79 Beat 24.2
Mar. 31 2022 1.72 1.57 1.80 Beat 14.8
Dec. 31 2021 1.07 1.07 1.22 Beat 14
Sep. 0.69 0.62 0.53 Missed -14.2
30 2021
Jun. 30 2021 2.43 2.47 2.45 Missed -0.6
Mar. 31 2021 2.95 2.95 3.73 Beat 26.5
Dec. 31 2020 3.51 3.47 3.66 Beat 5.4
This summary was machine generated January 31 at 17:41 GMT. All
figures in US dollars unless otherwise stated