Lear Corp reports results for the quarter ended in December - Earnings Summary

Lear

02/02/2023 14:32

* Lear Corp  LEA.N  reported quarterly adjusted earnings of
$2.81​​ per share for the quarter ended in December. The mean
expectation of fifteen analysts for the quarter was for earnings
of $2.57 per share.
    * Revenue rose 10.1% to $5.37 billion from a year ago;
analysts
expected $5.24 billion. 
    * Lear Corp's reported EPS for the quarter was $1.97​.
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days six analysts negatively revised
earnings
estimates 
    * Lear Corp shares had risen by 20.5% this quarter.
    * The company reported quarterly net income of $117.5
million.
    * Wall Street's median 12-month price target for Lear Corp
is
$151.30 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
2 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      2.57           2.81           Beat
 Sep. 30 2022      2.12           2.33           Beat
 Jun. 30 2022      1.44           1.79           Beat
 Mar. 31 2022      1.57           1.80           Beat