Standard Motor Products Inc reports results for the quarter ended in September 30 - Earnings Summary

Standard Motor Products

30/10/2024 15:11

* Standard Motor Products Inc  SMP.N  reported quarterly
adjusted
earnings of $1.28​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $1.11.  The lone analyst forecast for the
quarter was for earnings of $1.11 per share. 
    * Revenue rose 3.3% to $399.27 million from a year ago;
analysts
expected $395.69 million. 
    * The company reported quarterly net income of $3.81
million.
    * Standard Motor Products Inc shares had fallen by 13.7%
this
quarter and lost 28.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8% 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 "buy"
and
the breakdown of recommendations is 1 "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 also "buy"

Wall Street's median 12-month price target for Standard Motor
Products Inc is 42.00 
This summary was machine generated from LSEG data October 30 at
03:10 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
 Sep. 30 2024      1.11           1.28           Beat
 Jun. 30 2024      0.78           0.98           Beat
 Mar. 31 2024      0.37           0.45           Beat
 Dec. 31 2023      0.63           0.37           Missed