Superior Industries Intl Q2 2024 GAAP EPS $(0.75) Misses $(0.49) Estimate, Sales $319.000M Miss $361.074M Estimate
Portfolio Pulse from Benzinga Newsdesk
Superior Industries Intl (NYSE:SUP) reported Q2 2024 GAAP EPS of $(0.75), missing the $(0.49) estimate by 53.06%. Sales were $319M, missing the $361.074M estimate by 11.65% and down 14.39% from last year's $372.6M.
August 08, 2024 | 11:14 am
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NEGATIVE IMPACT
Superior Industries Intl (NYSE:SUP) reported Q2 2024 GAAP EPS of $(0.75), missing the $(0.49) estimate by 53.06%. Sales were $319M, missing the $361.074M estimate by 11.65% and down 14.39% from last year's $372.6M.
The significant miss on both EPS and sales estimates, along with a notable year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100