Lear Corp expected to post earnings of $3.21 a share - Earnings Preview

Lear

28/07/2023 16:00

* Lear Corp  LEA.N   LEA  is expected to show a rise in
quarterly
revenue when it reports  results on August 1. 
    * The Southfield Michigan-based  company is expected to
report  a
15.6% increase in revenue to $5.863 billion from $5.07 billion a
year ago, according to the mean estimate from 10 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Lear Corp is for
earnings
of $3.21 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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
$158.5​, above​ its last closing price of $152.29. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  2.64        2.58       2.78      Beat    7.8
 Dec. 31 2023  2.52        2.57       2.81      Beat    9.4
 Sep. 30 2022  2.10        2.12       2.33      Beat    10​
 Jun. 30 2022  1.41        1.44       1.79      Beat    24.2
 ​​Mar.        1.72        1.57       1.80      Beat    14.8
 31 2022                                                
 Dec. 31 2021  1.07        1.07       1.22      Beat    14​
 Sep. 30 2021  0.69        0.62       0.53      Missed  -14.2
 Jun. 30 2021  2.43        2.47       2.45      Missed  -0.6
 This summary was machine generated July 28 at 15:00 GMT.  All
figures in US dollars  unless otherwise stated