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Compared to Estimates, Lear (LEA) Q3 Earnings: A Look at Key Metrics
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Lear (LEA - Free Report) reported $5.78 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 10.3%. EPS of $2.87 for the same period compares to $2.33 a year ago.
The reported revenue represents a surprise of +4.97% over the Zacks Consensus Estimate of $5.51 billion. With the consensus EPS estimate being $2.54, the EPS surprise was +12.99%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Lear performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Net Sales- South America: $241.70 million versus $204.58 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.3% change.
Geographic Net Sales- North America: $2.38 billion versus $2.27 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
Geographic Net Sales- Europe and Africa: $2.02 billion compared to the $1.88 billion average estimate based on three analysts. The reported number represents a change of +26.9% year over year.
Geographic Net Sales- Asia: $1.14 billion compared to the $1.01 billion average estimate based on three analysts. The reported number represents a change of 0% year over year.
Net Sales- E-Systems: $1.50 billion versus the three-analyst average estimate of $1.39 billion. The reported number represents a year-over-year change of +10.5%.
Net Sales- Seating: $4.28 billion versus $3.99 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.2% change.
Adjusted Segment Earnings- E-Systems: $78.90 million versus $71.25 million estimated by two analysts on average.
Adjusted Segment Earnings- Seating: $274.90 million compared to the $250.94 million average estimate based on two analysts.
Shares of Lear have returned -2.3% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Lear (LEA) Q3 Earnings: A Look at Key Metrics
Lear (LEA - Free Report) reported $5.78 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 10.3%. EPS of $2.87 for the same period compares to $2.33 a year ago.
The reported revenue represents a surprise of +4.97% over the Zacks Consensus Estimate of $5.51 billion. With the consensus EPS estimate being $2.54, the EPS surprise was +12.99%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Lear performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Net Sales- South America: $241.70 million versus $204.58 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.3% change.
- Geographic Net Sales- North America: $2.38 billion versus $2.27 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
- Geographic Net Sales- Europe and Africa: $2.02 billion compared to the $1.88 billion average estimate based on three analysts. The reported number represents a change of +26.9% year over year.
- Geographic Net Sales- Asia: $1.14 billion compared to the $1.01 billion average estimate based on three analysts. The reported number represents a change of 0% year over year.
- Net Sales- E-Systems: $1.50 billion versus the three-analyst average estimate of $1.39 billion. The reported number represents a year-over-year change of +10.5%.
- Net Sales- Seating: $4.28 billion versus $3.99 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.2% change.
- Adjusted Segment Earnings- E-Systems: $78.90 million versus $71.25 million estimated by two analysts on average.
- Adjusted Segment Earnings- Seating: $274.90 million compared to the $250.94 million average estimate based on two analysts.
View all Key Company Metrics for Lear here>>>Shares of Lear have returned -2.3% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.