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SMP — Standard Motor Products News Story

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Standard Motor Products Inc reports results for the quarter ended March 31 - Earnings Summary

Standard Motor Products Inc SMP.N reported quarterly adjusted earnings of 81 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 45 cents.  The mean expectation of two analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 43 cents to 45 cents per share.

Revenue rose 24.7% to $413.38 million from a year ago; analysts expected $394.38 million.

Standard Motor Products Inc's reported EPS for the quarter was 56 cents​.

The company reported quarterly net income of $12.57 million.

Standard Motor Products Inc shares had fallen by 2.3% this quarter and lost 21.4% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 24.3% 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 April 30 at 01:04 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 20250.440.81Beat
Dec. 31 20240.440.47Beat
Sep. 30 20241.111.28Beat
Jun. 30 20240.780.98Beat

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