Summit Materials Inc expected to post a loss of 23 cents a share - Earnings Preview
29/04/2024 22:37
* Summit Materials Inc SUM.N SUM is expected to show a
rise in
quarterly revenue when it reports results on May 1 for the
period ending March 31 2024
* The Denver Colorado-based company is expected to report a
91.5% increase in revenue to $833.603 million from $435.39
million a year ago, according to the mean estimate from 15
analysts, based on LSEG data.
* LSEG's mean analyst estimate for Summit Materials Inc is
for a
loss of 23 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.
* Wall Street's median 12-month price target for Summit
Materials
Inc is $50.00, above its last closing price of $40.13.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 0.26 0.26 0.31 Beat 17.4
Sep. 30 2023 0.75 0.75 0.81 Beat 8
Jan. 1 0001 0.59 0.58 0.71 Beat 21.4
Mar. 31 2023 -0.36 -0.36 -0.26 Beat 28.7
Dec. 0.28 0.29 0.32 Beat 10.7
31 2022
Sep. 30 2022 0.69 0.71 0.70 Missed -1.1
Jun. 30 2022 0.52 0.55 0.59 Beat 8
Mar. 31 2022 -0.39 -0.38 -0.40 Missed -6.6
This summary was machine generated April 29 at 21:37 GMT. 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)