trending Market Intelligence /marketintelligence/en/news-insights/trending/sqQUSJA8scbQj2V0qVZrgg2 content esgSubNav
In This List

Standard Motor Products profit misses consensus by 33.1% in Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Standard Motor Products profit misses consensus by 33.1% in Q1

Standard Motor Products said its first-quarter normalized net income amounted to 39 cents per share, compared with the S&P Capital IQ consensus estimate of 58 cents per share.

EPS fell 26.4% year over year from 53 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.0 million, a decline of 26.3% from $12.2 million in the year-earlier period.

The normalized profit margin declined to 4.0% from 5.3% in the year-earlier period.

Total revenue declined year over year to $227.6 million from $232.8 million, and total operating expenses came to $210.0 million, compared with $209.0 million in the prior-year period.

Reported net income decreased 24.5% from the prior-year period to $9.3 million, or 40 cents per share, from $12.3 million, or 53 cents per share.