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

Stoneridge

02/11/2023 01:33

* Stoneridge Inc  SRI.N  reported quarterly adjusted
earnings of 8
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 4 cents.  The mean expectation of two analysts for the
quarter was for a loss of 2 cents per share. 
    * Revenue rose 5% to $238.16 million from a year ago;
analysts
expected $242.40 million. 
    * Stoneridge Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $2.17
million.
    * Stoneridge Inc shares had fallen by 18.9% this quarter and
lost 24.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 157.1% 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
$28.00 
This summary was machine generated from LSEG data November 2 at
01:33 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.02          0.08           Beat
 Jun. 30 2023      -0.11          -0.11          Met
 Mar. 31 2023      -0.30          -0.25          Beat
 Dec. 31 2022      0.18           0.01           Missed