Earnings Preview For Lear
Portfolio Pulse from Benzinga Insights
Lear Corporation (NYSE:LEA) is set to release its quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $2.67. The company's past performance shows a trend of share price drops following earnings reports, even when beating estimates. The stock is currently trading at $130.32, down 5.94% over the last 52-week period.
October 25, 2023 | 4:01 pm
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NEGATIVE IMPACT
Lear Corporation's upcoming earnings report could potentially impact its stock price. Historically, the company's share price has dropped following earnings reports, even when beating estimates.
The upcoming earnings report is a significant event for Lear Corporation. Historically, the company's stock price has tended to drop following earnings reports, even when the company beats estimates. This trend, combined with the current negative returns, suggests that the stock price may be negatively impacted in the short term following the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100