Recap: Simpson Manufacturing Co Q4 Earnings
Portfolio Pulse from Benzinga Insights
Simpson Manufacturing Co (NYSE:SSD) reported Q4 earnings with an EPS of $1.28, missing estimates by 14.09% against an expected $1.49. Revenue increased by $26.09 million from the same period last year. Despite beating EPS estimates in Q3 2023, the share price dropped by 4.99% the following day. The company's past earnings performance shows a fluctuating trend in EPS and revenue growth.
February 05, 2024 | 9:45 pm
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Simpson Manufacturing Co reported Q4 earnings with an EPS of $1.28, missing the estimated $1.49 by 14.09%. Revenue increased by $26.09 million from the same period last year.
Missing the estimated earnings by 14.09% is likely to negatively impact investor sentiment in the short term, especially considering the company's history of fluctuating performance. The increase in revenue may not fully offset the disappointment from the earnings miss, as past performance indicates a 4.99% drop in share price following an earnings beat last quarter. This suggests that SSD's stock price is sensitive to earnings announcements.
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