Stoneridge (NYSE:SRI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$213.8m (down 10% from 3Q 2023).

• Net loss: US$7.07m (down by 426% from US$2.17m profit in 3Q 2023).

• US$0.26 loss per share (down from US$0.079 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Stoneridge Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are down 23% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Stoneridge that you should be aware of.

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