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Wall Street analysts estimate that Lear Corporation, a world leader in automotive seating and electrical distribution systems, will report higher earnings on or around July 24, 2015.
They expect the company to report US$2.5 earnings per share in the current quarter, higher than the previous of US$2.28 on March 31, 2015, with a mean consensus price target of US$123.454.
In terms of long-term growth estimates, research analysts estimate current year earnings per share to be US$9.98. The highest broker full year earnings per share estimate is $10.59 while the lowest estimate sits at $9.42.
Lear ranks 177 among the Fortune 500 and has made 18 major acquisitions since going public just over ten years ago. It acquired Eagle Ottawa, the world’s oldest and largest automotive leather suppliers, in January 2015. It employs 132,000 people in 235 different locations around the globe.
Source: Markets Daily