Lear Corp Fourth Quarter Earnings Sneak Peek

Lear Corporation (NYSE:LEA) will unveil its latest earnings on Thursday, February 2, 2012. 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 $1.18 per share, a decline of 0.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.31. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.18 during the last month. Analysts are projecting profit to rise by 19.3% versus last year to $5.26.

Past Earnings Performance: Last quarter, the company missed estimates by 6 cents, coming in at profit of $1.08 per share versus a mean estimate of net income of $1.14 per share. In the second quarter, the company beat estimates by 27 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 9.5% in revenue from the year-earlier quarter to $3.46 billion.

Analyst Ratings: seven out of 12 analysts surveyed (58.3%) have a buy rating on Lear.. This is below the mean analyst rating of five competitors, which average 64.9% buy ratings.

A Look Back: In the third quarter, profit rose 5.7% to $100.7 million (95 cents a share) from $95.3 million (88 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 22.7% to $3.46 billion from $2.82 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 19.6%, with the biggest boost coming in the most recent quarter when revenue rose 22.7% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 11.1% in the second quarter and more than twofold in the first quarter.

Competitors to Watch: Johnson Controls, Inc. (NYSE:JCI), Visteon Corporation (NYSE:VC), Gentex Corporation (NASDAQ:GNTX), General Electric (NYSE:GE), United Technologies Corp. (NYSE:UTX), Honeywell Intl. Inc. (NYSE:HON).

Stock Price Performance: During October 31, 2011 to January 27, 2012, the stock price had fallen $4.81 (-10.3%) from $46.76 to $41.95. The stock price saw one of its best stretches over the last year between December 28, 2011 and January 6, 2012 when shares rose for seven-straight days, rising 7.1% (+$2.81) over that span. It saw one of its worst periods between November 11, 2011 and November 21, 2011 when shares fell for seven-straight days, falling 8.8% (-$3.79) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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