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

• Standard Motor Products Inc SMP.N reported quarterly adjusted earnings of $1.54​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.36. The mean expectation of three analysts for the quarter was for earnings of $1.41 per share. Wall Street expected results to range from $1.39 to $1.43 per share.

• Revenue rose 1.8% to $507.79 million from a year ago; analysts expected $514.99 million.

• The company reported quarterly net income of $14.15 million.

• Standard Motor Products Inc shares had risen by 3.1% this quarter and gained 3.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.5% 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 3 "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 $48.00, about 20.3% above its last closing price of $38.25

This summary was machine generated from LSEG data October 30 at 06:12 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)