Standard Motor Products (NYSE: SMP ) is expected to report Q2 earnings around Aug. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Standard Motor Products's revenues will expand 4.4% and EPS will grow 27.1%.
The average estimate for revenue is $280.8 million. On the bottom line, the average EPS estimate is $0.75.
Last quarter, Standard Motor Products booked revenue of $230.7 million. GAAP reported sales were 9.0% higher than the prior-year quarter's $211.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, non-GAAP EPS came in at $0.42. GAAP EPS of $0.39 for Q1 were 70% higher than the prior-year quarter's $0.23 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 28.5%, 270 basis points better than the prior-year quarter. Operating margin was 7.0%, 240 basis points better than the prior-year quarter. Net margin was 4.0%, 150 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $995.6 million. The average EPS estimate is $2.32.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Motor Products is hold, with an average price target of $27.38.
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