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Stoneridge (SRI)
:SRI
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.04Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -36.96%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance with notable achievements in product innovation and cash generation. However, significant macroeconomic pressures have led to decreased sales and lower operating margins, affecting overall revenue and EBITDA expectations.Company Guidance
During the Stoneridge, Inc. Q3 2024 earnings call, the company provided guidance indicating an updated revenue expectation of approximately $900 million for the full year, reflecting continued macroeconomic pressures across primary end markets and a revised outlook for their MirrorEye system. The third quarter saw a sales decline to $213.8 million, a 9.8% decrease from the second quarter, attributed to seasonality and macroeconomic challenges. Adjusted operating profit was $700,000, with an adjusted operating margin of 0.3%, a drop of 200 basis points from the prior quarter. The third quarter adjusted EBITDA was $9.2 million, resulting in an adjusted EBITDA margin of 4.3%, down 250 basis points. The company highlighted a significant improvement in cash generation, with $13.3 million in cash generated during the first nine months, an increase of $31.3 million year-over-year, largely driven by improved working capital and an $11.3 million reduction in inventory. Looking ahead, Stoneridge expects the commercial vehicle market to recover in the second half of 2025, while continuing to focus on operational efficiency, cost control, and the expansion of their MirrorEye platform.Cash Generation Improvement
Generated $13.3 million in cash, an improvement of $31.3 million versus the same period in 2023, primarily driven by improved working capital, including an $11.3 million reduction in inventory.
MirrorEye Technology Expansion
Continued expansion and momentum of the MirrorEye system with OEM partners, including new launches with Daimler Truck North America and a global OEM in Europe. MirrorEye to become standard on several truck models.
New Technology Award
Received first-ever award for Leak Detection Module (LDM) for a hybrid vehicle from a Chinese OEM, indicating growth potential in the hybrid vehicle market.
Stoneridge Brazil Performance
Third quarter sales improved by approximately 15% versus the second quarter, driven by increased sales to local OEM customers and higher aftermarket sales.
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SRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $9.28 | $6.99 | -24.68% |
| Jul 31, 2024 | $16.81 | $17.85 | +6.19% |
| May 01, 2024 | $14.96 | $14.80 | -1.07% |
| Feb 28, 2024 | $18.22 | $17.57 | -3.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stoneridge (SRI) report earnings?
Stoneridge (SRI) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Stoneridge (SRI) earnings time?
Stoneridge (SRI) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SRI EPS forecast?
SRI EPS forecast for the fiscal quarter 2024 (Q4) is -0.04.
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