Investors and analysts will be looking ahead to Stoneridge, Inc. (NYSE:SRI)’s next earnings report which is slated to be released sometime on or around 2016-11-01 for the period ending on 2016-09-30. Street analysts have a consensus EPS projection of $0.35 for the current quarter. The company posted EPS of $0.27 for the same quarter last year.
Whether or not the company meets or beats this expectation, along with other factors, can often dictate where the share price might be headed in the near-term. Leading up to the release it’s also important to take note of the direction the estimates are headed as analyst revisions can often give an idea of Street sentiment on expected performance.
Most recently, Stoneridge, Inc. posted actual earnings of $0.41 per share against the $0.31 Zacks consensus estimate. This represents a surprise factor of 32.26% or a difference of $0.1. There are currently 2 brokerage firms covering Stoneridge, Inc., offering earnings per share estimates as well as future price target projections. On a consensus basis, analysts have pinned a $16 mean target price for the short term on the stock. The most lofty price projection sees the stock reaching $19 within the year, while the most conservative has a $13 target on the name.
Zacks provides a simpler approach for understanding analyst recommendations on stocks, using an integer based system which converts each recommendation into a 1-5 average, where 1 represents a Strong Buy and 5 a Strong Sell. Compiling all of the recommendations for the firm, Stoneridge, Inc. (NYSE:SRI) current has a mean recommendation of 2.33.
Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position.
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