Lear Corporation Q3 2017 Earnings Preview

by Trefis Team
Lear Corporation
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Lear Corporation (NYSE:LEA) has had a great start to 2017 and the company raised its revenue guidance for the year by $500 million post the acquisition of Grupo Antolin’s seating business. The company is scheduled to declare its Q3 2017 results on October 25th 2017 and we expect the strong performance to continue. Below is a summary of consensus analyst estimates for Lear Corporation for Q3 2017:

Source: Yahoo Finance

Lear’s unique product capabilities are likely to drive revenues and profitability for the company in Q3 2017. Product convergence between its two segments provides unique growth opportunities.

In August 2017, the company announced that it would construct a new automotive seat manufacturing plant in Michigan and Lear Corporation has recently started work on this plant. Completion of this facility is targeted for early 2018 and is a clear indication of the strong growth prospects for the company.

In September 2017, Lear Corporation announced that it is partnering with Honeywell in the automotive software segment. This partnership is aimed towards building solutions for connected and autonomous vehicles. Both companies will use their expertise (Lear’s connected gateway expertise and Honeywell’s experience in safety and security solutions) to build an architecture which can help automakers improve the safety of passengers.

The company is also taking important steps in modifying its debt structure and entered into refinancing transactions in Q3 2017.

We believe Lear Corporation is well poised for a strong Q3 2017. The company is performing better than its peers and has a unique position in the market due to its strong product capabilities. The recent acquisition and partnerships should strengthen its position in the future and drive growth for the company in the long term.

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