We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stay Ahead of the Game With Lear (LEA) Q3 Earnings: Wall Street's Insights on Key Metrics
Read MoreHide Full Article
In its upcoming report, Lear (LEA - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.61 per share, reflecting a decline of 9.1% compared to the same period last year. Revenues are forecasted to be $5.56 billion, representing a year-over-year decrease of 3.8%.
The current level reflects a downward revision of 2.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Lear metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Net Sales- E-Systems' will reach $1.46 billion. The estimate indicates a change of -2.3% from the prior-year quarter.
Analysts expect 'Net Sales- Seating' to come in at $4.09 billion. The estimate suggests a change of -4.5% year over year.
Analysts' assessment points toward 'Geographic Net Sales- South America' reaching $233.07 million. The estimate suggests a change of -3.6% year over year.
Analysts predict that the 'Geographic Net Sales- North America' will reach $2.30 billion. The estimate indicates a change of -3.2% from the prior-year quarter.
The combined assessment of analysts suggests that 'Geographic Net Sales- Europe and Africa' will likely reach $1.91 billion. The estimate suggests a change of -5.4% year over year.
It is projected by analysts that the 'Geographic Net Sales- Asia' will reach $1.11 billion. The estimate indicates a change of -2.7% from the prior-year quarter.
Analysts forecast 'Adjusted Segment Earnings- E-Systems' to reach $82.32 million. The estimate compares to the year-ago value of $78.90 million.
The collective assessment of analysts points to an estimated 'Adjusted Segment Earnings- Seating' of $252.91 million. The estimate compares to the year-ago value of $274.90 million.
Shares of Lear have demonstrated returns of -3.2% over the past month compared to the Zacks S&P 500 composite's +2.8% change. With a Zacks Rank #5 (Strong Sell), LEA is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Stay Ahead of the Game With Lear (LEA) Q3 Earnings: Wall Street's Insights on Key Metrics
In its upcoming report, Lear (LEA - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.61 per share, reflecting a decline of 9.1% compared to the same period last year. Revenues are forecasted to be $5.56 billion, representing a year-over-year decrease of 3.8%.
The current level reflects a downward revision of 2.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Lear metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Net Sales- E-Systems' will reach $1.46 billion. The estimate indicates a change of -2.3% from the prior-year quarter.
Analysts expect 'Net Sales- Seating' to come in at $4.09 billion. The estimate suggests a change of -4.5% year over year.
Analysts' assessment points toward 'Geographic Net Sales- South America' reaching $233.07 million. The estimate suggests a change of -3.6% year over year.
Analysts predict that the 'Geographic Net Sales- North America' will reach $2.30 billion. The estimate indicates a change of -3.2% from the prior-year quarter.
The combined assessment of analysts suggests that 'Geographic Net Sales- Europe and Africa' will likely reach $1.91 billion. The estimate suggests a change of -5.4% year over year.
It is projected by analysts that the 'Geographic Net Sales- Asia' will reach $1.11 billion. The estimate indicates a change of -2.7% from the prior-year quarter.
Analysts forecast 'Adjusted Segment Earnings- E-Systems' to reach $82.32 million. The estimate compares to the year-ago value of $78.90 million.
The collective assessment of analysts points to an estimated 'Adjusted Segment Earnings- Seating' of $252.91 million. The estimate compares to the year-ago value of $274.90 million.
View all Key Company Metrics for Lear here>>>
Shares of Lear have demonstrated returns of -3.2% over the past month compared to the Zacks S&P 500 composite's +2.8% change. With a Zacks Rank #5 (Strong Sell), LEA is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>