Summit Materials Inc expected to post earnings of 75  cents a share - Earnings Preview

Summit Materials

31/10/2023 02:04

* Summit Materials Inc  SUM.N   SUM  is expected to show a
rise in
quarterly revenue when it reports  results on November 1. 
    * The Denver Colorado-based  company is expected to report 
a
3.6% increase in revenue to $779.748 million from $752.75
million a year ago, according to the mean estimate from 13
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Summit Materials
Inc is
for earnings of 75 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Summit
Materials
Inc is $43​, above​ its last closing price of $32.50. ​​​

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 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. 30 2022  0.69        0.71       0.70      Missed  -1.1
 ​​Jun.        0.52        0.55       0.59      Beat    8
 30 2022                                                
 Mar. 31 2022  -0.39       -0.38      -0.40     Missed  -6.6​
 Dec. 31 2021  0.26        0.26       0.27      Beat    2.2
 Sep. 30 2021  0.59        0.63       0.67      Beat    5.8
 This summary was machine generated October 31 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated