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.

Earnings

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.

Past Earnings Performance

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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