Summit Materials Inc reports results for the quarter ended in December - Earnings Summary

Summit Materials

15/02/2023 23:38

* Summit Materials Inc  SUM.N  reported quarterly adjusted
earnings of 32 cents​​ per share for the quarter ended in
December. The mean expectation of sixteen analysts for the
quarter was for earnings of 29 cents per share.
    * Revenue fell 7.4% to $552.27 million from a year ago;
analysts
expected $599.29 million. 
    * Summit Materials Inc's reported EPS for the quarter was 25
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Summit Materials Inc shares had risen by 14.8% this
quarter.
    * The company reported quarterly net income of $29.84
million.
    * Wall Street's median 12-month price target for Summit
Materials
Inc is $35.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
15 at 11:38 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.29           0.32           Beat
 Sep. 30 2022      0.71           0.70           Missed
 Jun. 30 2022      0.55           0.59           Beat
 Mar. 31 2022      -0.38          -0.40          Missed