Stoneridge Q1 Adj EPS $(0.09) Misses $(0.04) Estimate, Sales $239.16M Beat $222.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stoneridge reported Q1 adjusted EPS of $(0.09), missing the $(0.04) estimate, but sales of $239.16M exceeded the $222.99M forecast. This represents a 64% decrease in losses per share compared to last year, despite a slight 0.90% drop in sales from the same period.
May 02, 2024 | 3:50 am
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NEUTRAL IMPACT
Stoneridge's Q1 earnings missed EPS estimates but beat sales forecasts, with a significant reduction in losses per share compared to last year.
While Stoneridge missed EPS estimates, the beat on sales forecasts and the significant reduction in losses per share compared to the previous year could have a mixed impact on investor sentiment. The miss on EPS could concern investors about profitability, but the improvement in losses and sales performance might offset some negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100