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

Standard Motor Products

01/08/2024 19:22

* Standard Motor Products Inc  SMP.N  reported quarterly
adjusted
earnings of 98 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 84 cents.  The mean expectation of two analysts
for the quarter was for earnings of 78 cents per share. Wall
Street expected results to range from 74 cents to 81 cents per
share.
    * Revenue rose 10.4% to $389.83 million from a year ago;
analysts
expected $365.60 million. 
    * The company reported quarterly net income of $17.06
million.
    * Standard Motor Products Inc shares had risen by 18.0% this
quarter and lost 17.8% so far this year.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * 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 average consensus recommendation for the auto, truck &
motorcycle parts peer group is  "buy."

Wall Street's median 12-month price target for Standard Motor
Products Inc is $40.50 
This summary was machine generated from LSEG data August 1 at
06:22 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.78           0.45           Missed
 Mar. 31 2024      0.37           0.45           Beat
 Dec. 31 2023      0.63           0.37           Missed
 Sep. 30 2023      0.98           1.11           Beat