Cooper-Standard Holdings Inc reports results for the quarter ended in June - Earnings Summary

Cooper-Standard Holdings

02/08/2024 01:10

* Cooper-Standard Holdings Inc  CPS.N  reported a quarterly
adjusted loss of $1.68​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of $-1.15.  The lone analyst forecast for the
quarter was for a loss of $2.09 per share. 
    * Revenue fell 2.1% to $708.36 million from a year ago;
analysts
expected $735.50 million. 
    * Cooper-Standard Holdings Inc's reported EPS for the
quarter was
a loss of $4.34​.
    * The company reported a quarterly loss of $76.24 million.
    * Cooper-Standard Holdings Inc shares had risen by 18.8%
this
quarter and lost 24.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 354.3% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "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 "buy"

Wall Street's median 12-month price target for Cooper-Standard
Holdings Inc is $22.00 
This summary was machine generated from LSEG data August 2 at
12:09 a.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
 Jun. 30 2024      -2.09          -1.68          Beat
 Mar. 31 2024      -2.01          -1.75          Beat
 Dec. 31 2023      -0.79          -1.79          Missed
 Sep. 30 2023      -0.82          0.86           Beat