Why Is Lear (LEA) Up 2.9% Since Last Earnings Report?

Company Overview - Lear's shares have increased by approximately 2.9% since the last earnings report, which is underperforming compared to the S&P 500 [1] - Recent estimates for Lear have trended downward over the past month, indicating a negative outlook [2] Performance Metrics - Lear has an average Growth Score of C, a Momentum Score of A, and a Value Score of A, placing it in the top 20% for the value investment strategy [3] - The aggregate VGM Score for Lear is A, which is significant for investors not focused on a single strategy [3] Outlook - The downward trend in estimates suggests a negative shift in expectations for Lear, resulting in a Zacks Rank of 4 (Sell) [4] - A below-average return is anticipated for Lear in the upcoming months [4] Industry Comparison - Lear is part of the Zacks Automotive - Original Equipment industry, where Magna (MGA) has seen an 8.6% increase in shares over the past month [5] - Magna reported revenues of $10.07 billion for the last quarter, reflecting a year-over-year decline of 8.2%, with EPS dropping from $1.08 to $0.78 [5] - For the current quarter, Magna is expected to report earnings of $1.14 per share, indicating a 15.6% decrease from the previous year [6] - The Zacks Consensus Estimate for Magna has seen a slight increase of 0.9% over the last 30 days, resulting in a Zacks Rank of 3 (Hold) [6]