Standard Motor Products Q3 2024 Adj. EPS $1.28 Beats $1.11 Estimate, Sales $399.300M Beat $395.693M Estimate
Portfolio Pulse from Benzinga Newsdesk
Standard Motor Products (NYSE:SMP) reported Q3 2024 earnings per share of $1.28, surpassing the analyst estimate of $1.11 by 15.32%. The company's sales were $399.3 million, exceeding the expected $395.693 million and marking a 3.34% increase from the previous year.
October 30, 2024 | 12:31 pm
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Standard Motor Products reported better-than-expected Q3 2024 earnings and sales, with EPS of $1.28 beating estimates by 15.32% and sales of $399.3M exceeding expectations by 0.91%.
The company's earnings per share and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The significant beat on EPS suggests strong operational performance, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100