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

Standard Motor Products

03/05/2023 15:10

* Standard Motor Products Inc  SMP.N  reported quarterly
adjusted
earnings of 61 cents​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 57 cents per share.
    * Revenue rose 1.6% to $328.03 million from a year ago;
analysts
expected $325.36 million. 
    * Standard Motor Products Inc's reported EPS for the quarter
was
54 cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Standard Motor Products Inc shares had fallen by 3.3% this
quarter and gained 2.5% so far this year.
    * The company reported quarterly net income of $11.92
million.
    * Wall Street's median 12-month price target for Standard
Motor
Products Inc is $48.00 
    * 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 LSEG Refinitiv data May
3 at 02:10 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.57           0.61           Beat
 Dec. 31 2022      0.56           0.69           Beat
 Sep. 30 2022      0.97           1.05           Beat
 Jun. 30 2022      1.18           0.93           Missed