Earnings Preview: Standard Motor Products
Portfolio Pulse from Benzinga Insights
Standard Motor Products (NYSE:SMP) is set to release its latest quarterly earnings report on October 27, 2023. Analysts estimate an EPS of $0.98. The company's stock performance has been generally negative over the last 52-week period, with shares down 17.63%. Last quarter, the company missed EPS by $0.14, resulting in a 0.57% drop in share price the next day.
October 26, 2023 | 5:02 pm
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Standard Motor Products is expected to report an EPS of $0.98 for Q3. The company's shares have been on a downward trend, falling 17.63% over the past year.
The company's stock has been on a downward trend, and last quarter's missed EPS estimate resulted in a further drop in share price. If the company fails to meet the EPS estimate again, it could lead to another drop in share price.
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