Superior Industries International Inc reports results for the quarter ended in January - Earnings Summary

Superior Industries International

03/05/2024 24:04

* Superior Industries International Inc  SUP.N  reported a
quarterly adjusted loss of $1.52​​ per share for the quarter
ended in January, lower than the same quarter last year, when
the company reported EPS of -25 cents.  The mean expectation of
two analysts for the quarter was for a loss of 85 cents per
share. 
    * Revenue fell 17% to $316.30 million from a year ago;
analysts
expected $348.34 million. 
    * Superior Industries International Inc's reported EPS for
the
quarter was a loss of $1.52​.
    * The company reported a quarterly loss of $32.7 million.
    * Superior Industries International Inc shares had risen
by 28.6%
this quarter and gained 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1,645.5% 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Superior
Industries International Inc is $7.75 
This summary was machine generated from LSEG data May 2 at 11:04
p.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
 Mar. 31 2024      -0.85          -1.52          Missed
 Dec. 31 2023      -0.17          -0.21          Missed
 Sep. 30 2023      -0.28          -1.10          Missed
 Jun. 30 2023      -0.08          -0.13          Missed