Stoneridge, Inc. (NYSE:SRI) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, SRI is expected to report 3Q20 loss of $ 0.15 per share from revenue of $ 154.90 million.
For the full year, analysts anticipate top line of $ 602.11 million, while looking forward to loss of $ 0.49 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 750.00 million ~ $ 770.00 million, where as bottomline are predicted in a range of $ 0.95 ~ $ 1.15 per share
Click Here For More Historical Outlooks Of Stoneridge, Inc.
Previous Quarter Performance
Stoneridge, Inc. posted loss for the second quarter of $ 0.55 per share, from the revenue of $ 99.55 million. Wall street analysts are predicting, SRI to report 2Q20 loss of $ 0.55 per share from revenue of $ 101.98 million. The top line results fell short of analysts by $ 2.43 million or 2.38 percent.
Stock Performance
Shares of Stoneridge, Inc. traded low $ -0.36 or -1.58 percent on Tuesday, reaching $ 22.46 with volume of 60.00 thousand shares. Stoneridge, Inc. has traded high as $ 22.74 and has cracked $ 22.34 on the downward trend
According to the previous trading day, closing price of $ 22.46, representing a 64.53 % increase from the 52 week low of $ 13.87 and a 32.57 % decrease over the 52 week high of $ 33.84.
The company has a market capital of $ 606.49 million and is part of the Consumer Cyclical sector and Auto Parts industry.
Stoneridge, Inc. designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. The company operates in three segments: Control Devices, Electronics, and PST.
