Stock Analysis
- United States
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- Auto Components
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- NYSE:SRI
Stoneridge First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Stoneridge (NYSE:SRI) First Quarter 2024 Results
Key Financial Results
- Revenue: US$239.2m (flat on 1Q 2023).
- Net loss: US$6.13m (loss narrowed by 17% from 1Q 2023).
- US$0.22 loss per share (improved from US$0.27 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stoneridge Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company's shares are down 3.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Stoneridge (2 are concerning!) that you should be aware of.
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About NYSE:SRI
Stoneridge
Designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally.
Moderate growth potential with imperfect balance sheet.