Lear Corp expected to post earnings of $3.02 a share - Earnings Preview
26/04/2024 14:23
* Lear Corp LEA.N LEA is expected to show a rise in
quarterly
revenue when it reports results on April 30 for the period
ending March 31 2024
* The Southfield Michigan-based company is expected to
report a
2.7% increase in revenue to $6.006 billion from $5.85 billion a
year ago, according to the mean estimate from 12 analysts, based
on LSEG data.The company's guidance on March 26 2024, for the
period ended March 31, was for revenue of $5.992 billion.
* LSEG's mean analyst estimate for Lear Corp is for
earnings of
$3.02 per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 10
"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
$171.00, above its last closing price of $133.48.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 3.05 3.12 3.03 Missed -2.8
Sep. 30 2023 2.70 2.67 2.87 Beat 7.5
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. 2.52 2.57 2.81 Beat 9.4
31 2022
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
This summary was machine generated April 26 at 13:23 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)