Stoneridge Inc reports results for the quarter ended March 31 - Earnings Summary

• Stoneridge Inc SRI.N reported a quarterly adjusted loss of 26 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -22 cents. The lone analyst forecast for the quarter was for a loss of 17 cents per share.

• Revenue fell 8.9% to $217.89 million from a year ago; analysts expected $209.60 million.

• Stoneridge Inc's reported EPS for the quarter was a loss of 26 cents​.

• The company reported a quarterly loss of $7.2 million.

• Stoneridge Inc shares had fallen by 14.2% this quarter and lost 37.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 248% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "strong buy"

• Wall Street's median 12-month price target for Stoneridge Inc is $14.00

This summary was machine generated from LSEG data April 30 at 11:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)