Exploring Analyst Estimates for Lear (LEA) Q2 Earnings, Beyond Revenue and EPS

The upcoming report from Lear (LEA) is expected to reveal quarterly earnings of $3.23 per share, indicating a decline of 10.3% compared to the year-ago period. Analysts forecast revenues of $5.89 billion, representing a decline of 2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.Given this perspective, it's time to examine the average forecasts of specific Lear metrics that are routinely monitored and predicted by Wall Street analysts.Analysts forecast 'Net Sales- E-Systems' to reach $1.52 billion. The estimate indicates a year-over-year change of -2.9%.Based on the collective assessment of analysts, 'Net Sales- Seating' should arrive at $4.37 billion. The estimate points to a change of -1.7% from the year-ago quarter.The consensus among analysts is that 'Geographic Net Sales- South America' will reach $235.04 million. The estimate points to a change of +9.9% from the year-ago quarter.Analysts' assessment points toward 'Geographic Net Sales- North America' reaching $2.44 billion. The estimate indicates a year-over-year change of -4.6%.The average prediction of analysts places 'Geographic Net Sales- Europe and Africa' at $2.13 billion. The estimate suggests a change of -1.8% year over year.It is projected by analysts that the 'Geographic Net Sales- Asia' will reach $1.13 billion. The estimate indicates a change of +5.4% from the prior-year quarter.The collective assessment of analysts points to an estimated 'Adjusted Segment Earnings- E-Systems' of $66.73 million. Compared to the present estimate, the company reported $82.20 million in the same quarter last year.The combined assessment of analysts suggests that 'Adjusted Segment Earnings- Seating' will likely reach $276.06 million. The estimate is in contrast to the year-ago figure of $302.10 million. View all Key Company Metrics for Lear here>>> Shares of Lear have experienced a change of +14.4% in the past month compared to the +5.9% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), LEA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lear Corporation (LEA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks