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

Standard Motor Products

01/05/2024 15:07

* Standard Motor Products Inc  SMP.N  reported quarterly
adjusted
earnings of 45 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 61 cents.  The mean expectation of two analysts for the
quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 36 cents to 38 cents per share.
    * Revenue rose 1% to $331.40 million from a year ago;
analysts
expected $321.84 million. 
    * Standard Motor Products Inc shares had fallen by 4.3% this
quarter and lost 19.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 45.1%
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 May 1 at 02:07
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
 Mar. 31 2024      0.37           0.45           Beat
 Dec. 31 2023      0.63           0.37           Missed
 Sep. 30 2023      0.98           1.11           Beat
 Jun. 30 2023      0.98           0.84           Missed