Lear (LEA) Q1 Earnings and Revenues Top Estimates

Core Viewpoint - Lear (LEA) reported quarterly earnings of $3.12 per share, exceeding the Zacks Consensus Estimate of $2.64 per share, but down from $3.18 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 18.18%, with the company previously expected to post earnings of $2.59 per share but actually reporting $2.94 per share, resulting in a surprise of 13.51% [2] - Lear's revenues for the quarter were $5.56 billion, slightly surpassing the Zacks Consensus Estimate by 0.09%, but down from $5.99 billion year-over-year [3] - The company has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2][3] Stock Performance and Outlook - Lear shares have declined approximately 6.7% since the beginning of the year, compared to a 3.9% decline in the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is $2.99 on revenues of $5.65 billion, and for the current fiscal year, it is $11.59 on revenues of $22.05 billion [8] - The estimate revisions trend for Lear is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [7] Industry Context - The Automotive - Original Equipment industry, to which Lear belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, suggesting potential challenges ahead [9]