Stoneridge Inc reports results for the quarter ended in December - Earnings Summary

Stoneridge

29/02/2024 20:10

* Stoneridge Inc  SRI.N  reported quarterly adjusted
earnings of
11 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 1 cents.  The lone analyst forecast for the quarter was
for earnings of 10 cents per share. 
    * Revenue fell 0.7% to $229.52 million from a year ago;
analysts
expected $233.10 million. 
    * Stoneridge Inc's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $3.02
million.
    * Stoneridge Inc shares had fallen by 6.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "strong buy"

Wall Street's median 12-month price target for Stoneridge Inc is
$28.00 
This summary was machine generated from LSEG data February 29 at
08:09 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.10           0.11           Beat
 Sep. 30 2023      -0.02          0.08           Beat
 Jun. 30 2023      -0.11          -0.11          Met
 Mar. 31 2023      -0.30          -0.25          Beat