Lear Q4 2023 Adj EPS $3.03 Misses $3.12 Estimate, Sales $5.84B Beat $5.74B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lear Corporation (LEA) reported Q4 2023 adjusted earnings per share (EPS) of $3.03, missing the consensus estimate of $3.12 by 2.88%. However, its quarterly sales of $5.84 billion exceeded the consensus estimate of $5.74 billion by 1.83%, marking an 8.76% increase from the same period last year.
February 06, 2024 | 11:30 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Lear Corporation reported mixed Q4 2023 results with an EPS miss but a sales beat compared to consensus estimates.
The mixed results with an EPS miss and a sales beat could lead to neutral short-term stock price movement. Investors might weigh the positive sales growth against the earnings miss, leading to uncertain price direction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100