Lear Corporation Sees FY23 Net Sales Of $22.35B-$23.05B, Vs. Consensus Of $22.81B, Sees Free Cash Flow Of $480M-$580M
Portfolio Pulse from Benzinga Newsdesk
Lear Corporation (NYSE:LEA) has projected its FY23 net sales to be between $22.35B and $23.05B, compared to the consensus of $22.81B. The company also expects its free cash flow to be between $480M and $580M. Core operating earnings are expected to be between $1.01B and $1.14B, with adjusted EBITDA between $1.61B and $1.74B.
August 01, 2023 | 10:50 am
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NEUTRAL IMPACT
Lear Corporation's FY23 net sales and free cash flow projections are in line with market expectations. This could potentially stabilize the company's stock price in the short term.
Lear Corporation's FY23 net sales and free cash flow projections are in line with market expectations. This indicates that the company's performance is on track, which could reassure investors and stabilize the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100