Simpson Manufacturing Earnings: Here’s Why the Stock is Falling Now
Simpson Manufacturing Co., Inc. (NYSE:SSD) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.44%.
Simpson Manufacturing Co., Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 33.33% to $0.1 in the quarter versus EPS of $0.15 in the year-earlier quarter.
Revenue: Decreased 2.64% to $154.54 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Simpson Manufacturing Co., Inc. reported adjusted EPS income of $0.1 per share. By that measure, the company missed the mean analyst estimate of $0.18. It missed the average revenue estimate of $168.45 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 6.81% from $144.69 million in the previous quarter. EPS decreased 16.67% from $0.12 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.39 to a profit $0.36. For the current year, the average estimate has moved down from a profit of $1.15 to a profit of $0.99 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)