Standard Motor Products (NYSE: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.
