Lear Corporation Reiterated Full Year 2024 Revenue Outlook Of $24.0B- 24.60B Vs. 24.43B Estimate, Sees Adjusted EBITDA Of $1.795B-$1.945B
Portfolio Pulse from Benzinga Newsdesk
Lear Corporation has reaffirmed its full-year 2024 revenue forecast to be in the range of $24.0B to $24.6B, aligning closely with the analyst estimate of $24.43B. Additionally, the company projects its adjusted EBITDA to be between $1.795B and $1.945B.
April 30, 2024 | 10:38 am
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Lear Corporation reaffirms its 2024 revenue outlook of $24.0B-$24.6B, in line with estimates, and expects adjusted EBITDA of $1.795B-$1.945B.
Reaffirming the revenue outlook that aligns with analyst estimates generally instills confidence in investors, suggesting a positive outlook for LEA's financial health and operational stability. The specific mention of adjusted EBITDA provides further clarity on profitability expectations, likely contributing to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100