Superior Industries Internationa Up 1.26% To $3.21 After Earnings Miss

Superior Industries Internationa (SUP) said before open Thursday that it lost $0.44 per share in quarter four 2023.

On the revenue line, the company reported $308.6 million, missing estimates by $51 million.

In the same quarter a year ago, the company earned $0.21 per share on revenue of $402.1 million.

The stock is up 1.26% to $3.21 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Superior Industries Internationa a Bearish Sentiment Rank from InvestorsObserver.

Superior Industries Internationa has performed a little below average during the past few months. Before the report, Superior Industries Internationa received a Long-Term Technical Rank by InvestorsObserver of 29, putting it in the bottom half of stocks. The firm set a 52-week low on October 25, 2023 at $2.49 and set a 52-week high on March 9, 2023 at $6.62.

Superior Industries International Inc is engaged in the design and manufacture of aluminum wheels for sale to OEMs in North America and Europe and to the aftermarket in Europe. The company's OEM aluminum wheels are primarily sold for factory installation on vehicle models manufactured by BMW (including Mini), Daimler (Mercedes-Benz, AMG, Smart), Ford, GM, Honda, Jaguar-Land Rover, Lucid Motors, Mazda, Nissan, PSA, Renault, Stellantis, Subaru, Suzuki, Toyota, VW Group (Volkswagen, Audi, SEAT, Skoda, Porsche, Bentley) and Volvo.