For its second fiscal quarter (ending June 30), Lear Corp (NYSE: LEA) has reported a 6% increase in E.P.S. from $2.85 a year ago to $3.02 in the current quarter. However, this performance was $-0.43 short of the consensus estimate of $3.45. E.P.S. were $9.37 for the latest four quarters through June 30 versus $8.79 for the same period a year ago — an increase of 7%.
Recent Price Action
Lear Corp (NYSE: LEA) stock closed at $120.76 on 7/25/24 after a large increase of 3.7%. Moreover, unusually high trading volume at 154% of normal accompanied the advance. The stock has declined -2.6% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, LEA is expected to continue to be a major Value Builder.
Lear has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Lear has a good Appreciation Score of 80 but a poor Power Rating of 21, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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