Lear Corp expected to post earnings of $2.67 a share - Earnings Preview
24/10/2023 14:55
* Lear Corp LEA.N LEA is expected to show a rise in
quarterly
revenue when it reports results on October 26.
* The Southfield Michigan-based company is expected to
report a
7.0% increase in revenue to $5.608 billion from $5.24 billion a
year ago, according to the mean estimate from 11 analysts, based
on Refinitiv data. The company's guidance on September 13 2023,
for the period ended September 30, was for revenue of $5.600
billion.
* Refinitiv's mean analyst estimate for Lear Corp is for
earnings
of $2.67 per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 9
"hold" and 1 "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
$175, above its last closing price of $130.82.
The company's guidance on September 13 2023 for the period ended
September 30 was for Earnings before Interest and Taxes of
USD240 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
Jun. 30 2023 3.21 3.21 3.33 Beat 3.8
Mar. 31 2023 2.64 2.58 2.78 Beat 7.8
Dec. 31 2022 2.52 2.57 2.81 Beat 9.4
Sep. 30 2022 2.10 2.12 2.33 Beat 10
Jun. 1.41 1.44 1.79 Beat 24.2
30 2022
Mar. 31 2022 1.72 1.57 1.80 Beat 14.8
Dec. 31 2021 1.07 1.07 1.22 Beat 14
Sep. 30 2021 0.69 0.62 0.53 Missed -14.2
This summary was machine generated October 24 at 13:55 GMT. All
figures in US dollars unless otherwise stated