Stoneridge Q3 2024 Adj. EPS $(0.24) Misses $0.08 Estimate, Sales $213.831M Miss $229.642M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stoneridge (NYSE:SRI) reported a Q3 2024 adjusted EPS of $(0.24), missing the analyst estimate of $0.08 by 400%. Sales were $213.831M, below the $229.642M estimate and down 10.22% from last year.
October 30, 2024 | 9:04 pm
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NEGATIVE IMPACT
Stoneridge reported a significant earnings miss for Q3 2024, with an adjusted EPS of $(0.24) against an expected $0.08. Sales also fell short of estimates and decreased from the previous year.
The significant miss on both EPS and sales compared to analyst estimates and the year-over-year decline in sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100