Superior Industries International Third Quarter 2024 Earnings: Misses Expectations

Superior Industries International (NYSE:SUP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$321.8m (flat on 3Q 2023).
• Net loss: US$35.8m (loss narrowed by 63% from 3Q 2023).
• US$1.24 loss per share (improved from US$3.42 loss in 3Q 2023).

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

Superior Industries International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Superior Industries International that you should be aware of.

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