Why Is Standard Motor Products (SMP) Up 9.3% Since Last Earnings Report?

Core Viewpoint - Standard Motor Products (SMP) has seen a 9.3% increase in share price over the past month, outperforming the S&P 500, but recent estimates have trended downward, indicating potential challenges ahead [1]. Group 1: Earnings and Estimates - The consensus estimate for Standard Motor Products has shifted downward by 11.92% over the past month [2]. - The stock has a Zacks Rank of 2 (Buy), suggesting an expectation of above-average returns in the coming months despite the downward estimate revisions [4]. Group 2: VGM Scores - Standard Motor Products has a Growth Score of D and a Momentum Score of F, indicating subpar performance in these areas. However, it has received an A grade for value, placing it in the top 20% for this investment strategy [3]. Group 3: Industry Performance - Standard Motor Products is part of the Zacks Automotive - Replacement Parts industry, where LKQ, a competitor, has gained 5.6% over the past month. LKQ reported revenues of $3.46 billion for the last quarter, reflecting a year-over-year decline of 6.5% [5]. - For the current quarter, LKQ is expected to post earnings of $0.93 per share, which is a 5.1% decrease from the previous year, and has a Zacks Rank of 4 (Sell) [6].