Lear Reports Record 3Q Results, Guides Slightly Higher; Maintaining $90 Fair Value Estimate
Narrow-moat-rated Lear, the automotive seat and electrical systems provider, reported healthy diluted earnings per share before special items of $3.19, solidly ahead of the consensus EPS estimate of $3.02 and beating the sell-side forecasts on average by 12% for four straight quarters. The result was an impressive $0.63 higher than the year-ago EPS of $2.56. Asia-Pacific revenue growth of 19% was a major driver, but the margin expansion in both the seating (70 basis points) and electrical (80 ba...Lear is a supplier to the automotive industry. The company supplies seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The company has two segments: Seating, which consists of the design, development, engineering, just-in-time assembly and delivery of seat systems, and the design, development, engineering and manufacture of seat components; and E-Systems, which consists of the design, development, engineering and manufacture of electrical distribution systems, and electronic control modules, electrification products, connectivity products and software solutions for the cloud, vehicles and mobile devices.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.