Standard Motor Products Inc reports results for the quarter ended in December - Earnings Summary

Standard Motor Products

22/02/2023 14:31

* Standard Motor Products Inc  SMP.N  reported quarterly
adjusted
earnings of 69 cents​​ per share for the quarter ended in
December. The mean expectation of three analysts for the quarter
was for earnings of 56 cents per share.
    * Revenue fell 0.5% to $308.20 million from a year ago;
analysts
expected $319.51 million. 
    * Standard Motor Products Inc's reported EPS for the quarter
was
36 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Standard Motor Products Inc shares had risen by 14.6% this
quarter.
    * The company reported quarterly net income of $7.93
million.
    * Wall Street's median 12-month price target for Standard
Motor
Products Inc is $49.00 
    * 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." 

This summary was machine generated from Refinitiv data February
22 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.56           0.69           Beat
 Sep. 30 2022      0.97           1.05           Beat
 Jun. 30 2022      1.18           0.93           Missed
 Mar. 31 2022      0.71           0.92           Beat