LEA Stock Recent News

Lear (LEA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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Lear (LEA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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SOUTHFIELD, Mich. , Dec. 18, 2023 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will hold a conference call to review the company's fourth quarter and full year 2023 financial results and related matters on February 6, 2024, at 8:30 a.m.

The business is a market leader in its segment and is now investing in new technologies to broaden its growth trajectory. Lear has numerous leading OEMs as clients. The combination of its growing E-Systems segment and its market-leading seating segment de-risks the company and positions it for growth. The company's margins are currently moving upward, although slowly, representing scope for increased returns. With management allocating capital efficiently, investors will enjoy greater distributions.

Lear (LEA) rides on M&N Plastics, Kongsberg, Xevo and IGB acquisitions. However, higher spending to support electrification and increases in hourly wages remain headwinds.

Lear (LEA) projects full-year net sales in the band of $23,100-$23,300 million, up from the prior range of $22,350-$23,050 million and from $20,891 million recorded in 2022.

Lear Corporation (NYSE:LEA ) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Ed Lowenfeld - Vice President Investor Relations Ray Scott - President & Chief Executive Officer Jason Cardew - Senior Vice President & Chief Financial Officer Frank Orsini - Executive Vice President & President of Seating Conference Call Participants Rod Lache - Wolfe Research John Murphy - Bank of America James Picariello - BNP Paribas Colin Langan - Wells Fargo Dan Levy - Barclays Emmanuel Rosner - Deutsche Bank Joseph Spak - UBS Operator Good morning, everyone and welcome to the Lear Corporation Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please also note today's event is being recorded.

Lear (LEA) came out with quarterly earnings of $2.87 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to earnings of $2.33 per share a year ago.