27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Standard Motor Products (NYSE:SMP) reported its Q1 earnings results on Tuesday, May 3, 2022 at 08:00 AM.
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Here's what investors need to know about the announcement.
Earnings
Standard Motor Products beat estimated earnings by 29.58%, reporting an EPS of $0.92 versus an estimate of $0.71.
Revenue was up $46.28 million from the same period last year.
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Past Earnings Performance
Last quarter the company beat on EPS by $0.23 which was followed by a 5.65% drop in the share price the next day.
Here's a look at Standard Motor Products's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.67 | 1.10 | 0.65 | 0.54 |
| EPS Actual | 0.90 | 1.32 | 1.26 | 0.97 |
| Revenue Estimate | 282.91M | 342.64M | 268.56M | 257.57M |
| Revenue Actual | 309.88M | 370.31M | 342.08M | 276.55M |
To track all earnings releases for Standard Motor Products visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.