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

Summit Materials

02/08/2023 23:54

* Summit Materials Inc  SUM.N  reported quarterly adjusted
earnings of 71 cents​​ per share for the quarter ended in June.
The mean expectation of seventeen analysts for the quarter was
for earnings of 58 cents per share.
    * Revenue rose 6.2% to $729.15 million from a year ago;
analysts
expected $676.81 million. 
    * Summit Materials Inc's reported EPS for the quarter was 70
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Summit Materials Inc shares had fallen by 3.3% this
quarter and
gained 29.0% so far this year.
    * The company reported quarterly net income of $83.64
million.
    * Wall Street's median 12-month price target for Summit
Materials
Inc is $39.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 10:53 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.58           0.71           Beat
 Mar. 31 2023      -0.36          -0.26          Beat
 Dec. 31 2022      0.29           0.32           Beat
 Sep. 30 2022      0.71           0.70           Missed