Simpson Manufacturing Co Inc reports results for the quarter ended in June - Earnings Summary

Simpson Manufacturing

22/07/2024 22:16

* Simpson Manufacturing Co Inc  SSD.N  reported quarterly
adjusted
earnings of $2.31​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $2.50.  The mean expectation of three analysts for the
quarter was for earnings of $2.44 per share. Wall Street
expected results to range from $2.38  to $2.49 per share.
    * Revenue fell 0.1% to $596.98 million from a year ago;
analysts
expected $604.65 million. 
    * Simpson Manufacturing Co Inc's reported EPS for the
quarter was
$2.31​.
    * The company reported quarterly net income of $97.83
million.
    * Simpson Manufacturing Co Inc shares had risen by 7.6% this
quarter and lost 8.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Simpson
Manufacturing Co Inc is $195.00 
This summary was machine generated from LSEG data July 22 at
09:16 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      2.44           2.31           Missed
 Mar. 31 2024      1.92           1.77           Missed
 Dec. 31 2023      1.49           1.28           Missed
 Sep. 30 2023      2.18           2.44           Beat