Summit Materials Inc expected to post a loss of 36 cents a share - Earnings Preview

Summit Materials

02/05/2023 03:01

* Summit Materials Inc  SUM.N   SUM  is expected to show a
rise in
quarterly revenue when it reports  results on May 3. 
    * The Denver Colorado-based  company is expected to report 
a
0.2% increase in revenue to $421.863 million from $420.95
million a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Summit Materials
Inc is
for a loss of 36 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 8
"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 $35​, above​ its last closing price of $27.72. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.28        0.29       0.32      Beat    10.7
 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
 ​​Dec.        0.26        0.26       0.27      Beat    2.2
 31 2021                                                
 Sep. 30 2021  0.59        0.63       0.67      Beat    5.8​
 Jun. 30 2021  0.49        0.51       0.48      Missed  -4.9
 Mar. 31 2021  -0.45       -0.47      -0.32     Beat    30.2
 This summary was machine generated May 2 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated