Stoneridge Inc reports results for the quarter ended in September 30 - Earnings Summary

Stoneridge

31/10/2024 02:52

* Stoneridge Inc  SRI.N  reported a quarterly adjusted loss
of 24
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 8
cents.  The lone analyst forecast for the quarter was
for earnings of 8 cents per share. 
    * Revenue fell 10.2% to $213.83 million from a year ago;
analysts
expected $229.64 million. 
    * Stoneridge Inc's reported EPS for the quarter was a loss
of 26
cents​.
    * The company reported a quarterly loss of $7.07 million.
    * Stoneridge Inc shares had fallen by 15.5% this quarter and
lost 51.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 52.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "strong buy"

Wall Street's median 12-month price target for Stoneridge Inc is
24.25 
This summary was machine generated from LSEG data October 31 at
02:52 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
 Sep. 30 2024      0.08           -0.24          Missed
 Jun. 30 2024      -0.02          0.17           Beat
 Mar. 31 2024      -0.04          -0.22          Missed
 Dec. 31 2023      0.10           0.11           Beat