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Here's What Key Metrics Tell Us About Lear (LEA) Q2 Earnings
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Lear (LEA - Free Report) reported $6.01 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.2%. EPS of $3.60 for the same period compares to $3.33 a year ago.
The reported revenue represents a surprise of +0.17% over the Zacks Consensus Estimate of $6 billion. With the consensus EPS estimate being $3.34, the EPS surprise was +7.78%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $213.90 million versus the two-analyst average estimate of $221.51 million. The reported number represents a year-over-year change of -6.1%.
Geographic Net Sales- North America: $2.55 billion compared to the $2.44 billion average estimate based on two analysts. The reported number represents a change of +3.4% year over year.
Geographic Net Sales- Europe and Africa: $2.17 billion versus the two-analyst average estimate of $2.13 billion. The reported number represents a year-over-year change of -1%.
Geographic Net Sales- Asia: $1.07 billion compared to the $1.15 billion average estimate based on two analysts. The reported number represents a change of -3.1% year over year.
Net Sales- E-Systems: $1.57 billion versus $1.55 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.2% change.
Net Sales- Seating: $4.45 billion versus $4.45 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.
Adjusted Segment Earnings- E-Systems: $82.20 million versus $76.56 million estimated by two analysts on average.
Adjusted Segment Earnings- Seating: $302.10 million versus $311.28 million estimated by two analysts on average.
Shares of Lear have returned +2.4% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Lear (LEA) Q2 Earnings
Lear (LEA - Free Report) reported $6.01 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.2%. EPS of $3.60 for the same period compares to $3.33 a year ago.
The reported revenue represents a surprise of +0.17% over the Zacks Consensus Estimate of $6 billion. With the consensus EPS estimate being $3.34, the EPS surprise was +7.78%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $213.90 million versus the two-analyst average estimate of $221.51 million. The reported number represents a year-over-year change of -6.1%.
- Geographic Net Sales- North America: $2.55 billion compared to the $2.44 billion average estimate based on two analysts. The reported number represents a change of +3.4% year over year.
- Geographic Net Sales- Europe and Africa: $2.17 billion versus the two-analyst average estimate of $2.13 billion. The reported number represents a year-over-year change of -1%.
- Geographic Net Sales- Asia: $1.07 billion compared to the $1.15 billion average estimate based on two analysts. The reported number represents a change of -3.1% year over year.
- Net Sales- E-Systems: $1.57 billion versus $1.55 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.2% change.
- Net Sales- Seating: $4.45 billion versus $4.45 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.
- Adjusted Segment Earnings- E-Systems: $82.20 million versus $76.56 million estimated by two analysts on average.
- Adjusted Segment Earnings- Seating: $302.10 million versus $311.28 million estimated by two analysts on average.
View all Key Company Metrics for Lear here>>>Shares of Lear have returned +2.4% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.