Superior Industries Intl Q1 2024 Adj EPS $(0.75) Beats $(0.85) Estimate, Sales $316.300M Miss $348.339M Estimate
Portfolio Pulse from Benzinga Newsdesk
Superior Industries Intl (NYSE:SUP) reported Q1 2024 adjusted EPS of $(0.75), beating estimates by 11.76% but missed sales estimates with $316.3M, a 9.20% miss and a 16.98% decrease from last year.
May 02, 2024 | 1:02 pm
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Superior Industries Intl reported a mixed Q1 2024 with an EPS beat but a significant miss on sales, indicating potential challenges.
While the EPS beat might provide some positive sentiment, the significant miss on sales and a notable year-over-year decrease could raise concerns about the company's revenue growth and market demand. The mixed results present a neutral outlook in the short term as investors weigh the EPS beat against the sales miss.
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IMPORTANCE 90
RELEVANCE 100