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

Standard Motor Products

04/05/2022 02:01

* Standard Motor Products Inc  SMP.N  reported quarterly
adjusted
earnings of 92 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 71 cents per share.
    * Revenue rose 16.7% to $322.83 million from a year ago; 
analysts
expected $304.30 million. 
    * Standard Motor Products Inc's reported EPS for the quarter
was
87 cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Standard Motor Products Inc shares had fallen by 0.8% this
quarter and lost 18.3% so far this year.
    * The company reported quarterly net income of $19.45
million.
    * Wall Street's median 12-month price target for Standard
Motor
Products Inc is $58.50 
    * 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 May 4 at 01:01 a.m.  ​All
figures in US dollars unless otherwise stated