Snapshot: Standard Motor Products Revenue

Tuesday February 23, Standard Motor Products (NYSE:SMP) will publish its latest results report. Decipher the ad with help from Benzinga.

What are earnings, net income, and earnings per share?

Profits and EPS are useful measures of profitability. Total income, also known as net income, is equal to total income minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings and income

Analysts covering Standard Motor Products modeled quarterly EPS of $ 0.68 on revenue of $ 254.29 million. In the same quarter last year, Standard Motor Products reported EPS of $ 0.59 on revenue of $ 241.25 million.

What are analyst estimates and earnings surprises, and why are they important?

Analysts who cover the company will release forward-looking estimates of its revenue and EPS quarterly. By averaging each EPS and revenue forecast that each analyst makes on a company during a quarter, we get the “consensus estimates”. A business showing profit or revenue above or below the consensus estimate is known as “surprising results” and can move the stock by a considerable margin.

See more income on SMP

Wall Street’s consensus estimate for profits would represent a 15.25% increase for the company. Turnover would be up 5.4% compared to the previous year. Here’s how the company’s published EPS compared to analyst estimates in the past:

EPS estimate

1

0.32

0.47

0.55

Actual EPS

1.59

0.52

0.43

0.59

Income estimate

323.50 million

228.74 million

273.31 million

250.69 million

Actual turnover

343.61 million

247.94 million

254.30 million

241.25 million

Equity return

Standard Motor Products shares were trading at $ 40.78 as of February 19. Over the past 52 weeks, stocks have risen 10.3%. Since these returns are generally positive, long-term shareholders are likely happy with this earnings release.

Do not be surprised to see the action evolve on the words made during his conference call. Standard Motor Products is to hold the call at 11:00:00 a.m. ET and can be viewed here.

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© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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