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Can Simpson Manufacturing (SSD) Keep the Earnings Streak Alive This Quarter?
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Simpson Manufacturing Co., Inc. (SSD - Free Report) , a firm in the Building & Construction Products-Miscellaneous industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, SSD has beaten estimates by at least 25% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, SSD expected to post earnings of 23 cents per share, while it actually produced earnings of 30 cents per share, a beat of 30.4%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 27 cents per share, when it actually produced earnings of 34 cents per share instead, representing a 25.9% surprise.
Thanks in part to this history, recent estimates have been moving higher for Simpson Manufacturing. In fact, the Earnings ESP for SSD is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for SSD as the firm currently has a Zacks Earnings ESP of 2.00%, so another beat could be around the corner.
This is particularly true when you consider that SSD has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that SSD could see another beat at its next report, especially if recent trends are any guide.
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Can Simpson Manufacturing (SSD) Keep the Earnings Streak Alive This Quarter?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Simpson Manufacturing Co., Inc. (SSD - Free Report) , a firm in the Building & Construction Products-Miscellaneous industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, SSD has beaten estimates by at least 25% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, SSD expected to post earnings of 23 cents per share, while it actually produced earnings of 30 cents per share, a beat of 30.4%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 27 cents per share, when it actually produced earnings of 34 cents per share instead, representing a 25.9% surprise.
Thanks in part to this history, recent estimates have been moving higher for Simpson Manufacturing. In fact, the Earnings ESP for SSD is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for SSD as the firm currently has a Zacks Earnings ESP of 2.00%, so another beat could be around the corner.
This is particularly true when you consider that SSD has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that SSD could see another beat at its next report, especially if recent trends are any guide.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>