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

Standard Motor Products

28/10/2022 14:32

* Standard Motor Products Inc  SMP.N  reported quarterly
adjusted
earnings of $1.05​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 97 cents per share.
    * Revenue rose 3% to $381.37 million from a year ago;
analysts
expected $378.13 million. 
    * Standard Motor Products Inc's reported EPS for the quarter
was
40 cents​.
    * The mean earnings estimate of analysts had fallen by
about 36.7%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Standard Motor Products Inc shares had risen by 13.9% this
quarter and lost 29.3% so far this year.
    * The company reported quarterly net income of $8.85
million.
    * Wall Street's median 12-month price target for Standard
Motor
Products Inc is $50.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
28 at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.97           1.05           Beat
 Jun. 30 2022      1.18           0.93           Missed
 Mar. 31 2022      0.71           0.92           Beat
 Dec. 31 2021      0.67           0.90           Beat