Standard Motor Products Inc expected to post earnings of 63 cents a share - Earnings Preview

Standard Motor Products

16/02/2024 13:53

* Standard Motor Products Inc  SMP.N   SMP  is expected
to show a
rise in quarterly revenue when it reports  results on February
20 (estimated) for the period ending December 31 2023
    * The Long Island City New York-based  company is expected
to
report a 2.1% increase in revenue to $314.647 million from
$308.2 million a year ago, according to the mean estimate from 3
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 3 "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 $45.00​, above​ its last closing price
of $41.16. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.98        0.98       1.11      Beat    13
 Jun. 30 2023  0.96        0.98       0.84      Missed  -14
 Mar. 31 2023  0.57        0.57       0.61      Beat    7.1​
 Dec. 31 2022  0.57        0.56       0.69      Beat    24.3
 ​​Sep.        0.97        0.97       1.05      Beat    8.7
 30 2022                                                
 Jun. 30 2022  1.18        1.18       0.93      Missed  -21.5​
 Mar. 31 2022  0.67        0.71       0.92      Beat    29.3
 Dec. 31 2021  0.67        0.67       0.90      Beat    35
 This summary was machine generated February 16 at 13:53 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)