Summit Materials Inc expected to post earnings of 26 cents a share - Earnings Preview
12/02/2024 21:52
* Summit Materials Inc SUM.N SUM is expected to show a
rise in
quarterly revenue when it reports results on February 14 for
the period ending December 31 2023
* The Denver Colorado-based company is expected to report a
6.6% increase in revenue to $588.787 million from $552.27
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data. (Sales majority is on Total
Revenue)
* LSEG's mean analyst estimate for Summit Materials Inc is
for
earnings of 26 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Summit
Materials
Inc is $43.00, above its last closing price of $37.66.
The company's guidance on November 2 2023 for the period ended
December 31 was for Capital Expenditures between USD65 million
and USD70 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Sep. 30 2023 0.75 0.75 0.81 Beat 8
Jun. 30 2023 0.59 0.58 0.71 Beat 21.4
Mar. 31 2023 -0.36 -0.36 -0.26 Beat 28.7
Dec. 31 2022 0.28 0.29 0.32 Beat 10.7
Sep. 0.69 0.71 0.70 Missed -1.1
30 2022
Jun. 30 2022 0.52 0.55 0.59 Beat 8
Mar. 31 2022 -0.39 -0.38 -0.40 Missed -6.6
Dec. 31 2021 0.26 0.26 0.27 Beat 2.2
This summary was machine generated February 12 at 21:51 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)