Summit Materials Inc expected to post earnings of 58  cents a share - Earnings Preview

Summit Materials

01/08/2023 03:02

* Summit Materials Inc  SUM.N   SUM  is expected to show a
fall in
quarterly revenue when it reports  results on August 2. 
    * The Denver Colorado-based  company is expected to report 
a
1.4% decrease in revenue to $676.814 million from $686.55
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Summit Materials
Inc is
for earnings of 58 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 1 "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 $39​, above​ its last closing price of $36.18. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.36       -0.36      -0.26     Beat    28.7
 Dec. 31 2023  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.        -0.39       -0.38      -0.40     Missed  -6.6
 31 2022                                                
 Dec. 31 2021  0.26        0.26       0.27      Beat    2.2​
 Sep. 30 2021  0.59        0.63       0.67      Beat    5.8
 Jun. 30 2021  0.49        0.51       0.48      Missed  -4.9
 This summary was machine generated August 1 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated