Earnings Preview: Standard Motor Products
Portfolio Pulse from Benzinga Insights
Standard Motor Products (NYSE:SMP) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $0.63. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter beating EPS estimates by $0.13 but resulting in a 0.0% change in share price. Shares are currently trading at $40.23, with a 2.1% increase over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 21, 2024 | 7:02 pm
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POSITIVE IMPACT
Standard Motor Products is expected to report an EPS of $0.63 for the upcoming quarter. The company's stock performance has been positive over the last year, with a 2.1% increase. Investors will be closely watching the earnings report and future guidance.
Given SMP's history of mixed earnings performance and the stock's positive trend over the last year, the upcoming earnings report and particularly the future guidance could have a significant impact on the stock price. Positive guidance could reinforce investor confidence, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100