Simpson Manufacturing Co Q3 2024 GAAP EPS $2.21 Misses $2.40 Estimate, Sales $587.153M Miss $591.072M Estimate
Portfolio Pulse from Benzinga Newsdesk
Simpson Manufacturing Co (NYSE:SSD) reported Q3 2024 earnings per share of $2.21, missing the analyst estimate of $2.40. Sales were $587.153 million, slightly below the $591.072 million estimate, but up 1.22% from last year.
October 21, 2024 | 8:21 pm
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Simpson Manufacturing Co's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $2.21 versus $2.40 expected, and sales at $587.153M versus $591.072M expected. Despite the miss, sales increased by 1.22% year-over-year.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors and could lead to a short-term decline in the stock price. However, the year-over-year sales increase may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100