Lear Corporation (LEA) shares rose 3.2% to close at $106 on the latest trading session, with increased trading volume. This comes after a 13.6% gain over the past four weeks, driven by new program wins and partnerships with Chinese automakers, including a joint venture with BYD expected to add around $70 million to revenues by 2025.
Looking ahead, Lear is projected to report quarterly earnings of $3.03 per share, a year-over-year decline of 15.8%, with revenues of $5.62 billion, a drop of 6.6% compared to the previous year.
In the automotive sector, Lear holds a Zacks Rank #3 (Hold), while another industry player, Westport Innovations (WPRT), increased by 1.3% to $3.22, reporting a consensus EPS estimate of -$0.29, which marks a 32.6% improvement from last year.
