Simpson Manufacturing is set to announce its second-quarter earnings results this Monday after market close. Analysts expect revenue to grow 4.4% year on year, a slowdown from the 5.7% increase recorded in the same quarter last year. The company beat revenue expectations last quarter, reporting $588 million, up 9.1% year on year. Simpson's stock is down 7.7% over the last month, heading into earnings with an average analyst price target of $217.80 compared to the current share price of $193.84.
Simpson Manufacturing Company IncEarnings report expected; past beat and analyst price target above current price suggest potential positive, but revenue growth slowdown and recent stock decline create uncertainty.
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