Lear Corporation (NYSE:LEA) topped earnings-per-share estimates 100% of the time

Lear Corporation (NYSE:LEA) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 28, 2017. The stock lost about -1.7 percent in price since last results when it was at $147 a share. Based on the most relevant past-periods data, there is an 57.14 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 16 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 100% of the time in its last 12 earnings reports. It fell short of earnings estimates on 0 occasions, and it has met expectations 0 time.

Here’s how traders responded to LEA earnings announcements over the past few quarters.

Lear Corporation (LEA) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 11.7 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $3.8 which beat the consensus $3.4 projection (positive surprise of11.76%. For the quarter, revenue came in at 4.64B versus consensus estimate of 4.73B. The stock dropped -1.73 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 26, 2016, it reported earnings at $3.19 a share compared with the consensus estimate of $3.02 per share (positive surprise of 5.63%). Revenue of 4.53B for that quarter was above the $4.47B analysts had expected. The stock climbed 5.72% the day following the earnings announcement, and on 7th day price change was 7.66%.

On July 28, 2016, it recorded $3.66 a share in earnings which topped the consensus estimate of $3.35 (positive surprise of 9.25%). Revenue for the quarter was $4.72B while analysts called for revenues to be $4.86B. The stock dropped -5.48% the day following the earnings data was made public, and on 7th day price change was -4.5%.

On April 27, 2016, it announced earnings per share at $3.4 versus the consensus estimate of $2.83 per share (positive surprise of 20.14%). That came on revenues of $4.66B for that period. Analysts had expected $4.69B in revenue.

Lear Corporation Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $3.92. The analysts’ present consensus range is $3.56-$4.25 for EPS. The market consensus range for revenue is between $4.8B and $5.08B, with an average of $4.91B.

Lear Corporation (NYSE:LEA) last ended at $146.4, sending the company’s market cap near $10.16B. The consensus 12-month price target from analysts covering the stock is $156.43. The share price has declined -1.06% from its top level in 52 weeks and dropped 10.99% this year. It recently traded in a range of $145.12-$147.05 at a volume of 436614 shares. The recent trading ended with the price nearly 3.03 higher for the last 5 trading days, rebounding 51.65% from its 52-week low.


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