Stoneridge Inc reports results for the quarter ended June 30 - Earnings Summary

• Stoneridge Inc SRI reported a quarterly adjusted loss of 25 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 17 cents. The lone analyst forecast for the quarter was for a loss of 9 cents per share.

• Revenue fell 3.8% to $227.95 million from a year ago; analysts expected $221.70 million.

• Stoneridge Inc's reported EPS for the quarter was a loss of 34 cents​.

• The company reported a quarterly loss of $9.36 million.

• Stoneridge Inc shares had risen by 4.5% this quarter and gained 17.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 "buy."

• Wall Street's median 12-month price target for Stoneridge Inc is $14.00, about 45.5% above its last closing price of $7.63

This summary was machine generated from LSEG data August 6 at 11:06 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)