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Standard Motor Products (SMP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Despite a recent decline in its stock price, I maintain a 'buy' rating for Standard Motor Products due to strong fundamentals and undervaluation. Its recent acquisition of Nissens Automotive boosted revenue by 18.1%, with organic growth also contributing positively. Financial performance is mixed, but adjusted net income and EBITDA show promising growth, indicating potential for future gains.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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With the Zacks Auto Replacement Parts industry being ranked favorably, stocks like LKQ, DORM and SMP are worth considering.
The heavy selling pressure might have exhausted for Standard Motor Products (SMP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Standard Motor Products, Inc. (NYSE:SMP ) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Tony Cristello - VP, IR Eric Sills - Chairman and CEO Nathan Iles - CFO Jim Burke - COO Conference Call Participants Bret Jordan - Jefferies Scott Stember - ROTH MKM Carolina Jolly - Gabelli Robert Smith - Center for Performance Investing Operator Good day, everyone, and welcome to the Standard Motor Products Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
SMP posts better-than-expected Q4 results and expects 2025 sales growth to be in the mid-teens.
Although the revenue and EPS for Standard Motor Products (SMP) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.