Simpson Manufacturing Q1 2024 GAAP EPS $1.77 Misses $1.92 Estimate, Sales $530.579M Miss $549.854M Estimate
Portfolio Pulse from Benzinga Newsdesk
Simpson Manufacturing Co. (SSD) reported Q1 2024 earnings of $1.77 per share, missing the consensus estimate of $1.92. Quarterly sales were $530.579M, below the estimate of $549.854M, marking a 0.72% decrease from the previous year.
April 22, 2024 | 8:18 pm
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NEGATIVE IMPACT
Simpson Manufacturing Co. reported lower than expected Q1 2024 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported decrease in sales compared to the previous year further compounds the negative outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100