Stoneridge Q3 2023 Adj EPS $0.10 Beats $(0.02) Estimate, Sales $238.16M Miss $242.40M Estimate
Portfolio Pulse from saritha@benzinga.com
Stoneridge (NYSE:SRI) reported Q3 2023 earnings of $0.10 per share, beating the analyst consensus estimate of $(0.02) by 600%. However, the company's quarterly sales of $238.16 million missed the analyst consensus estimate of $242.40 million by 1.75%. Compared to the same period last year, earnings increased by 233.33% and sales increased by 5.03%.
November 01, 2023 | 8:55 pm
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NEUTRAL IMPACT
Stoneridge's Q3 2023 earnings beat estimates significantly, but sales missed estimates. This mixed report may lead to uncertain short-term price movements.
Stoneridge's earnings beat estimates by a significant margin, which is generally a positive signal for the stock. However, the company's sales missed estimates, which could be a negative signal. These mixed signals may lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100