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

Standard Motor Products

27/10/2023 14:12

* Standard Motor Products Inc  SMP.N  reported quarterly
adjusted
earnings of $1.11​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 98 cents per share.
    * Revenue rose 1.3% to $386.41 million from a year ago;
analysts
expected $391.89 million. 
    * Standard Motor Products Inc's reported EPS for the quarter
was
30 cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Standard Motor Products Inc shares had fallen by 5.1% this
quarter and lost 8.3% so far this year.
    * The company reported quarterly net income of $6.66
million.
    * Wall Street's median 12-month price target for Standard
Motor
Products Inc is $45.00 
    * 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
October 27 at 01:12 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.98           1.11           Beat
 Jun. 30 2023      0.98           0.84           Missed
 Mar. 31 2023      0.57           0.61           Beat
 Dec. 31 2022      0.56           0.69           Beat