Stoneridge Earnings: Here’s Why Investors Like These Results

Stoneridge Inc. (NYSE:SRI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.79%.

Stoneridge Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.21 in the quarter versus EPS of $-0.13 in the year-earlier quarter.

Revenue: Rose 3.64% to $242.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Stoneridge Inc. reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.18. It beat the average revenue estimate of $237.64 million.

Quoting Management: John Corey, President and Chief Executive Officer, commented, “Year-over-year sales comparisons were higher in the second quarter and continued the sequential sales increases we have seen since the fourth quarter of 2012. The higher sales are mostly the result of improved PST sales which continue to increase over the trough level experienced in the second quarter of 2012.”

Key Stats (on next page)…

Revenue increased 3.01% from $235.71 million in the previous quarter. EPS increased 40% from $0.15 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.22 to a profit $0.21. For the current year, the average estimate has moved up from a profit of $0.75 to a profit of $0.79 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)