Stoneridge Inc expected to post a loss of 2 cents a share - Earnings Preview

Stoneridge

30/10/2023 21:01

* Stoneridge Inc  SRI.N   SRI  is expected to show a rise in
quarterly revenue when it reports  results on November 1. 
    * The Novi Michigan-based  company is expected to report  a
6.9% increase in revenue to $242.4 million from $226.76 million
a year ago, according to the estimate from one analyst, based on
Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Stoneridge Inc is
for a
loss of 2 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Stoneridge
Inc is
$28​, above​ its last closing price of $16.08. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for gross profit margin of 21%.
This summary was machine generated October 30 at 21:00 GMT.  All
figures in US dollars  unless otherwise stated