Lear Earnings Preview: Can This Streak Continue?
Lear (NYSE:LEA) will report earnings before markets open on Thursday, April 25th. Lear Corporation manufactures automobile parts. The Company produces seating systems; wiring harnesses; terminals; connectors; junction boxes; body control electronics; wireless products; and audio systems.
Here is your Cheat Sheet to Lear Earnings:
Earnings Expectations: Analysts expect earnings of $1.09 per share on revenues of $3.68 billion. Currently, the company’s P/E ratio stands at 3.97.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.35 to a profit $1.24. For the current year, the average estimate is a profit of $4.86, which is worse than the estimate ninety days ago.
Here’s how Lear has been performing on an annual basis:
|Revenue ($) in millions||13,570||9,740||11,950||14,160||14,570|
|Diluted EPS ($)||-4.465||-5.04||4.05||5.08||12.85|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||3,508||3,644||3,665||3,539||3,719|
|Diluted EPS ($)||1.04||1.32||1.45||1.23||8.85|
Lear has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)