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

Stoneridge

30/07/2024 01:17

* Stoneridge Inc  SRI.N   SRI  is expected to show a fall in
quarterly revenue when it reports  results on July 31 for the
period ending June 30 2024
    * The Novi Michigan-based  company is expected to report a
9.1% decrease in revenue to $242.604 million from $266.81
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG'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
$25.50​, above​ its last closing price of $16.41. ​​​

This summary was machine generated July 30 at 00:17 GMT.  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)