Stoneridge Earnings Preview
Portfolio Pulse from Benzinga Insights
Stoneridge (NYSE:SRI) is anticipated to report a Q4 earnings per share (EPS) of $0.10 on February 28, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, Stoneridge has had a mixed performance in beating EPS estimates, with a notable 2.6% share price increase following last quarter's earnings beat. However, the stock has seen a 21.87% decline over the past 52 weeks, indicating potential concerns among long-term shareholders.
February 27, 2024 | 6:01 pm
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Stoneridge is expected to report a Q4 EPS of $0.10, with investor focus on earnings beat and future guidance. The stock has declined 21.87% over the past year, indicating potential volatility around the earnings announcement.
Given Stoneridge's mixed history of EPS performance and the significant stock price decline over the past year, the upcoming earnings report could either mitigate or exacerbate investor concerns. The anticipation of an earnings beat and positive guidance could potentially uplift the stock in the short term, but the overall negative trend and investor sentiment may limit significant gains.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100