Cooper-Standard Holdings Third Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: US$685.4m (down 6.9% from 3Q 2023).
• Net loss: US$11.1m (down by 197% from US$11.4m profit in 3Q 2023).
• US$0.63 loss per share (down from US$0.65 profit in 3Q 2023).

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

Cooper-Standard Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 55%.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 9.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Cooper-Standard Holdings that you need to take into consideration.

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