SUP 4Q Well Ahead Of Expectations, Gabelli & Company Reports

Superior Industries International, Inc.'s SUP fourth quarter results came in “well ahead of our expectations and shares remain inexpensive,” Gabelli & Company reports.

“We continue to recommend investors Hold shares, however, until we get further clarity on the company's steps to handle additional capacity as well as generate another quarter of similar profitability,” Gabelli & Company writes. “Our FY11 EPS estimate for SUP is $2.00, growing to $2.25 in FY12.”

Superior Industries International closed Wednesday at $21.32.