Cooper-Standard Holdings Q4 EPS $(1.79) Misses $(0.79) Estimate, Sales $673.64M Miss $692.80M Estimate
Portfolio Pulse from Happy Mohamed
Cooper-Standard Holdings (NYSE:CPS) reported Q4 earnings with a loss of $(1.79) per share, missing the $(0.79) estimate by 126.58%, and sales of $673.64M, missing the $692.80M estimate by 2.77%. Despite these misses, both losses and sales showed an improvement over the previous year, with losses decreasing by 3.24% and sales increasing by 3.74%.
February 15, 2024 | 9:32 pm
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Cooper-Standard Holdings reported a significant miss in Q4 EPS and sales, but showed year-over-year improvements in both metrics.
The significant miss in both EPS and sales estimates is likely to negatively impact investor sentiment and stock price in the short term. However, the year-over-year improvements in losses and sales may provide some mitigation to the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100