Lear Corp expected to post earnings of $3.40 a share - Earnings Preview

Lear

23/07/2024 16:34

* Lear Corp  LEA.N   LEA  is expected to show a rise in
quarterly
revenue when it reports  results on July 25 for the period
ending June 30 2024
    * The Southfield Michigan-based  company is expected to
report a
0.6% increase in revenue to $6.038 billion from $6 billion a
year ago, according to the mean estimate from 13 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Lear Corp is for
earnings of
$3.40 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 8
"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
$155.00​, above​ its last closing price of $119.79. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  3.06        3.02       3.18      Beat    5.1
 Dec. 31 2024  3.05        3.12       3.03      Missed  -2.8
 Sep. 30 2023  2.70        2.67       2.87      Beat    7.5​
 Jan. 1 0001   3.21        3.21       3.33      Beat    3.8
 ​​Mar.        2.64        2.58       2.78      Beat    7.8
 31 2023                                                
 Jan. 1 0001   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
 This summary was machine generated July 23 at 15:34 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)