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 $1.28​​ 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. Wall Street expected results

• Revenue rose 3.3% to $343.40 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 2.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 200% 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 February 27 at 03:24 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)