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LEABearishEarningsnews
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Lear (LEA) Surpasses Q2 Earnings and Revenue Estimates

Jul 25, 2024, 8:47 AM EDT1 sourcesAI-analyzed

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LEA reported Q2 earnings of $3.60, exceeding estimates by 7.78%. Revenue was $6.01 billion, slightly surpassing expectations of $6 billion. LEA's stock has underperformed, down 17.5% in 2024 against S&P 500's 13.8% gain. Current estimate revisions for LEA are unfavorable, rated 'Strong Sell' (Zacks Rank #5). The automotive industry ranks in the bottom 13%, affecting LEA's potential performance.

  • LEA reported Q2 earnings of $3.60, exceeding estimates by 7.78%.
  • Revenue was $6.01 billion, slightly surpassing expectations of $6 billion.
  • LEA's stock has underperformed, down 17.5% in 2024 against S&P 500's 13.8% gain.
  • Current estimate revisions for LEA are unfavorable, rated 'Strong Sell' (Zacks Rank #5).
  • The automotive industry ranks in the bottom 13%, affecting LEA's potential performance.

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