Lear Corp Fourth Quarter Earnings Sneak Peek

Lear Corporation (NYSE:LEA) will unveil its latest earnings tomorrow, Friday, February 1, 2013.  Lear and its affiliates design and manufacture complete automotive seat systems and components as well as electrical distribution systems and electronic products.

Lear Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.38 per share, a rise of 9.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.34. Between one and three months ago, the average estimate moved up. It has risen from $1.37 during the last month. For the year, analysts are projecting profit of $5.39 per share, a rise of 0.9% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 9 cents, reporting net income of $1.29 per share against a mean estimate of profit of $1.20 per share.

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A Look Back: In the third quarter, profit rose 20.6% to $121.4 million ($1.23 a share) from $100.7 million (95 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 2.3% to $3.54 billion from $3.46 billion.

Here’s how Lear Corp traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: