Standard Motor Products Inc expected to post earnings of $1.18 a share - Earnings Preview

Standard Motor Products

29/07/2022 17:35

* Standard Motor Products Inc  SMP.N   SMP  is expected
to show a
rise in quarterly revenue when it reports  results on August 2
(estimated). 
    * The Long Island City New York-based  company is expected
to
report  a 4.2% increase in revenue to $356.588 million from
$342.08 million a year ago, according to the mean estimate from
3 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Standard Motor
Products
Inc is for earnings of $1.18 per share. For the same quarter
last year, the company reported earnings of $1.26 per share.
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Standard
Motor
Products Inc is $61​, above​ its last closing price of $46.37.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.67        0.71       0.92      Beat    29.3
 Dec. 31 2022  0.67        0.67       0.90      Beat    35
 Sep. 30 2021  1.13        1.10       1.32      Beat    20.1​
 Jun. 30 2021  0.65        0.66       1.26      Beat    89.6
 ​​Mar.        0.55        0.54       0.97      Beat    80.7
 31 2021                                                
 Dec. 31 2020  0.69        0.68       1.08      Beat    57.7​
 Sep. 30 2020  1.05        1.01       1.59      Beat    57.4
 Jun. 30 2020  0.21        0.20       0.52      Beat    164.9
 This summary was machine generated July 29 at 16:35 GMT.  All
figures in US dollars  unless otherwise stated