Standard Motor Products Inc expected to post earnings of 37 cents a share - Earnings Preview

Standard Motor Products

29/04/2024 14:37

* Standard Motor Products Inc  SMP.N   SMP  is expected
to show a
fall in quarterly revenue when it reports  results on May 1
(estimated) for the period ending December 31 2023
    * The Long Island City New York-based  company is expected
to
report a 1.9% decrease in revenue to $321.836 million from
$328.03 million a year ago, according to the mean estimate from
2 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Standard Motor Products
Inc is
for earnings of 63 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "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 $40.50​, above​ its last closing price
of $32.46. ​​​

This summary was machine generated April 29 at 13:36 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)