Standard Motor Products Q4 2023 Adj EPS $0.37 Misses $0.63 Estimate, Sales $290.76M Miss $314.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Standard Motor Products (NYSE:SMP) reported Q4 2023 adjusted EPS of $0.37, missing the $0.63 estimate, and sales of $290.76M, missing the $314.65M estimate. This represents a 5.66% decrease in sales compared to the same period last year.
February 22, 2024 | 1:33 pm
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NEGATIVE IMPACT
Standard Motor Products reported lower than expected Q4 2023 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates significantly, especially by 41.27% for EPS, is likely to negatively impact investor sentiment and could lead to a short-term decrease in SMP's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100