Recap: Standard Motor Products Q1 Earnings

Standard Motor Products SMP reported its Q1 earnings results on Wednesday, May 3, 2023 at 08:30 AM.

Here's what investors need to know about the announcement.

Standard Motor Products beat estimated earnings by 7.02%, reporting an EPS of $0.61 versus an estimate of $0.57.

Revenue was up $5.20 million from the same period last year.

Last quarter the company beat on EPS by $0.14 which was followed by a 3.19% drop in the share price the next day.

Here's a look at Standard Motor Products's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.55	0.97	1.18	0.71
EPS Actual	0.69	1.05	0.93	0.92
Revenue Estimate	319.51M	378.13M	356.59M	304.30M
Revenue Actual	308.20M	381.37M	359.41M	322.83M

To track all earnings releases for Standard Motor Products visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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