SMP holds a Zacks Rank of #2 (Buy), indicating strong potential. SMP's Forward P/E ratio is 9.77, below industry average of 12.54. SMP's P/B ratio is 1.06, compared to industry's average of 1.98. The P/S ratio for SMP stands at 0.5, also below the industry average. SMP is deemed likely undervalued, with solid earnings outlook.
- SMP's shares fell 1.3% despite beating earnings estimates. - Revenues increased to $331.4 million, exceeding expectations. - Operating income declined in all segments compared to the prior year. - The company approved a quarterly dividend of 29 cents per share. - SMP expects flat to low single-digit sales growth in 2024. 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). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings