Stoneridge Inc expected to post a loss of 11 cents a share - Earnings Preview

Stoneridge

31/07/2023 21:49

* Stoneridge Inc  SRI.N   SRI  is expected to show a rise in
quarterly revenue when it reports  results on August 2. 
    * The Novi Michigan-based  company is expected to report  a
9.6% increase in revenue to $242.128 million from $220.94
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. The company's guidance on May
4 2023, for the period ended June 30, was for revenue of
$245.000 million.
    * ​Refinitiv's mean analyst estimate for Stoneridge Inc is
for a
loss of 11 cents per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Stoneridge
Inc is
$24​, above​ its last closing price of $19.94. ​​​

This summary was machine generated July 31 at 20:49 GMT.  All
figures in US dollars  unless otherwise stated