Summit Materials Inc expected to post earnings of 72cents a share - Earnings Preview

Summit Materials

31/10/2022 23:05

* Summit Materials Inc  SUM.N   SUM  is expected to show a
fall in
quarterly revenue when it reports  results on November 2. 
    * The Denver Colorado-based  company is expected to report 
a
0.9% decrease in revenue to $710.475 million from $717.24
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Summit Materials
Inc is
for earnings of 72 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 $35​, above​ its last closing price of $26.35. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.53        0.56       0.60      Beat    8
 Mar. 31 2022  -0.39       -0.38      -0.41     Missed  -6.6
 Dec. 31 2021  0.27        0.26       0.27      Beat    2.2​
 Sep. 30 2021  0.60        0.64       0.68      Beat    5.8
 ​​Jun.        0.50        0.52       0.49      Missed  -4.9
 30 2021                                                
 Mar. 31 2021  -0.46       -0.47      -0.33     Beat    30.2​
 Dec. 31 2020  0.17        0.17       0.25      Beat    45.7
 Sep. 30 2020  0.66        0.65       0.55      Missed  -15
 This summary was machine generated October 31 at 23:05 GMT.  All
figures in US dollars  unless otherwise stated