Stoneridge Q4 2023 Adj EPS $0.12 Beats $0.10 Estimate, Sales $229.50M Miss $233.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stoneridge, Inc. (NYSE:SRI) reported Q4 2023 adjusted earnings per share (EPS) of $0.12, surpassing the consensus estimate of $0.10 by 20%. However, its quarterly sales of $229.50 million fell short of the expected $233.10 million by 1.54%, marking a 0.74% decrease from the same period last year.
February 28, 2024 | 10:17 pm
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Stoneridge, Inc. (SRI) exceeded Q4 2023 EPS estimates but missed on sales, with a slight year-over-year decrease.
While Stoneridge's EPS beat may positively impact investor sentiment, the miss on sales and slight year-over-year decrease could temper any significant stock price movement. The mixed results present a neutral outlook in the short term.
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IMPORTANCE 75
RELEVANCE 100