Lear Analysts Slash Their Forecasts Following Q3 Results

Lear Corporation (NYSE:LEA) on Friday posted mixed results for the third quarter.

The company posted adjusted earnings of $3.71 per share, beating market estimates of $3.37 per share. The company’s sales came in at $5.773 billion missing expectations of $5.808 billion.

Lear cut its FY2026 sales guidance from $23.540 billion-$24.010 billion to $23.350 billion-$23.750 billion.

“Lear delivered improved year-over-year revenue and core operating earnings for the fourth consecutive quarter despite lower industry production. These results keep us on track to deliver our full-year earnings guidance. We continue to win significant new business awards, including complete seats for two important programs with a North American automaker, our largest complete seat award in India with Mahindra & Mahindra, where we are the market leader, and complete seats for future programs with a Chinese luxury EV automaker and with BYD. We continue to grow in E-Systems with a conquest electronics award on a commercial and passenger van in Europe, and both conquest and new wire awards with multiple customers in China,” said Ray Scott, Lear’s President and Chief Executive Officer.

Lear shares gained 4.7% to trade at $123.99 on Monday.

These analysts made changes to their price targets on Lear following earnings announcement.

• Evercore ISI Group analyst Chris McNally maintained the stock with an In-Line rating and lowered the price target from $145 to $140.
• RBC Capital analyst Tom Narayan maintained the stock with a Sector Perform and cut the price target from $139 to $135.

Considering buying LEA stock? Here’s what analysts think:

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