Lear Corp Second Quarter Earnings Sneak Peek

Lear Corporation (NASDAQ:LEA) will unveil its latest earnings on Thursday, August 4, 2011. Lear Corporation and its affiliates design and manufacture complete automotive seat systems and the components thereof, 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 profit of $1.27 per share, a decline of 19.6% 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 $1.36. Between one and three months ago, the average estimate moved down, but has risen from $1.19 during the last month. For the year, analysts are projecting net income of $5.32 per share, a rise of 20.6% 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 32 cents, reporting profit of $1.46 per share against a mean estimate of net income of $1.14 per share.

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Wall St. Revenue Expectations: On average, analysts predict $3.44 billion in revenue this quarter, a rise of 13.2% from the year ago quarter. Analysts are forecasting total revenue of $13.8 billion for the year, a rise of 15.5% from last year’s revenue of $11.95 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, one rating it as a sell and one rating it as a hold.

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 second quarter of the last fiscal year when revenue rose 33.2% from the year earlier quarter.

Competitors to Watch: Johnson Controls, Inc. (NYSE:JCI), Visteon Corporation (NYSE:VC), Gentex Corporation (NASDAQ:GNTX).

Stock Price Performance: During June 30, 2011 to July 29, 2011, the stock price had dropped $4.48 (-8.4%) from $53.48 to $49. The stock price saw one of its best stretches over the last year between December 30, 2010 and January 10, 2011 when shares rose for eight-straight days, rising 11.2% (+$5.40) over that span. It saw one of its worst periods between August 17, 2010 and August 26, 2010 when shares fell for eight-straight days, falling 7.5% (-$2.97) over that span. Shares are down 12 cents (-0.2%) year to date.

(Source: Xignite Financials)

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