Stoneridge Inc expected to post earnings of 18  cents a share - Earnings Preview

Stoneridge

27/02/2023 22:40

* Stoneridge Inc  SRI.N   SRI  is expected to show a rise in
quarterly revenue when it reports  results on March 1. 
    * The Novi Michigan-based  company is expected to report  a
12.2% increase in revenue to $228.6 million from $203.65 million
a year ago, according to the estimate from one analyst, based on
Refinitiv data. The company's guidance on November 2 2022, for
the period ended December 31, was for revenue between $234.00
million and $244.00 million.
    * ​Refinitiv's mean analyst estimate for Stoneridge Inc is
for
earnings of 18 cents per share. The company's EPS guidance on
November 2 2022, for the period ended December 31, was between
$0.21 and $0.27 
    * 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
$26​, above​ its last closing price of $23.30. ​​​

The company's guidance on November 3 2022 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD234 million and
USD19.52 million.
This summary was machine generated February 27 at 22:40 GMT. 
All figures in US dollars  unless otherwise stated