Stoneridge Maintains FY24 EPS $0.30-$0.40 Vs $0.30 Est.; Sales $990M-$1.010B Vs $992.854M Est.
Portfolio Pulse from Benzinga Newsdesk
Stoneridge, Inc. has updated its FY24 earnings per share (EPS) guidance to $0.30-$0.40, aligning with the estimated $0.30. The company also forecasts sales to be between $990 million and $1.010 billion, closely matching the estimated $992.854 million.
May 01, 2024 | 10:02 pm
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Stoneridge, Inc. has provided an updated FY24 EPS guidance of $0.30-$0.40, which is in line with analyst estimates, and sales forecasts between $990 million and $1.010 billion, closely matching the estimated sales.
The updated EPS guidance from Stoneridge, Inc. aligns with analyst expectations, indicating a positive outlook on the company's financial health and operational efficiency. The sales forecast, being in close proximity to the analyst estimates, suggests that the company has a stable demand for its products and services. This alignment with expectations can foster investor confidence, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100