Cooper-Standard Holdings Second Quarter 2024 Earnings: Misses Expectations

Cooper-Standard Holdings (NYSE:CPS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$708.4m (down 2.1% from 2Q 2023).
• Net loss: US$76.2m (loss widened by 174% from 2Q 2023).
• US$4.34 loss per share (further deteriorated from US$1.61 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cooper-Standard Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 108%.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are down 14% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Cooper-Standard Holdings (1 can't be ignored!) that you should be aware of.

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