Stoneridge Lowers FY2024 Adj EPS Guidance from $0.18-0.28 to $(0.40)-(0.35) vs $0.20 Est; Lowers FY2024 Sales Guidance from $940.00M-970.00M to $895.00M-905.00M vs $944.94M Est
Portfolio Pulse from Benzinga Newsdesk
Stoneridge has revised its FY2024 financial guidance, lowering its adjusted EPS from $0.18-0.28 to $(0.40)-(0.35) and sales outlook from $940M-970M to $895M-905M, both below analyst estimates.
October 30, 2024 | 9:40 pm
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Stoneridge has significantly lowered its FY2024 adjusted EPS and sales guidance, both falling below analyst expectations. This indicates potential financial challenges ahead.
The downward revision in both EPS and sales guidance suggests that Stoneridge is facing financial difficulties, which is likely to negatively impact investor sentiment and the stock price in the short term.
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