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SMPBearishEarningsnews
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Standard Motor Products (SMP) Surpasses Q1 Earnings and Revenue Estimates

May 1, 2024, 10:53 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Q1 earnings of $0.45 per share beat estimates, down from $0.61 last year. - Company surpassed consensus EPS estimates two times in the last four quarters. - Standard Motor Products' revenue of $331.4 million surpassed estimates by 2.64%. - Stock performance: down 19.4% YTD vs. S&P 500's 5.6% gain. - Estimate revisions trend for SMP is unfavorable, Zacks Rank #5 (Strong Sell). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Q1 earnings of $0.45 per share beat estimates, down from $0.61 last year.
  • Company surpassed consensus EPS estimates two times in the last four quarters.
  • Standard Motor Products' revenue of $331.4 million surpassed estimates by 2.64%.
  • Stock performance: down 19.4% YTD vs. S&P 500's 5.6% gain.
  • Estimate revisions trend for SMP is unfavorable, Zacks Rank #5 (Strong Sell).

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