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

Cooper-Standard Holdings

07/05/2024 07:00

* Cooper-Standard Holdings Inc  CPS.N  reported a quarterly
adjusted loss of $1.75​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $-2.68.  The mean expectation of two analysts
for the quarter was for a loss of $2.01 per share. 
    * Revenue fell 0.9% to $676.43 million from a year ago;
analysts
expected $672.50 million. 
    * Cooper-Standard Holdings Inc's reported EPS for the
quarter was
a loss of $1.81​.
    * The company reported a quarterly loss of $31.66 million.
    * Cooper-Standard Holdings Inc shares had risen by 0.1% this
quarter and lost 15.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 169.8% 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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is  "hold."

Wall Street's median 12-month price target for Cooper-Standard
Holdings Inc is $22.00 
This summary was machine generated from LSEG data May 7 at 05:59
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
 Mar. 31 2024      -2.01          -1.75          Beat
 Dec. 31 2023      -0.79          -1.79          Missed
 Sep. 30 2023      -0.82          0.86           Beat
 Jun. 30 2023      -1.86          -1.15          Beat