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

Lear

06/02/2024 14:32

* Lear Corp  LEA.N  reported quarterly adjusted earnings of
$3.03​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$2.81.  The mean expectation of sixteen analysts for the quarter
was for earnings of $3.12 per share. Wall Street expected
results to range from $2.79  to $3.56 per share.
    * Revenue rose 8.8% to $5.84 billion from a year ago;
analysts
expected $5.74 billion. 
    * Lear Corp's reported EPS for the quarter was $2.18​.
    * The company reported quarterly net income of $127.3
million.
    * Lear Corp shares had fallen by 4.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Lear Corp is
$163.50 
This summary was machine generated from LSEG data February 6 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      3.12           3.03           Missed
 Sep. 30 2023      2.67           2.87           Beat
 Jun. 30 2023      3.21           3.33           Beat
 Mar. 31 2023      2.58           2.78           Beat