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

Summit Materials

04/05/2023 09:40

* Summit Materials Inc  SUM.N  reported a quarterly adjusted
loss
of 26 cents​​ per share for the quarter ended in March. The mean
expectation of eighteen analysts for the quarter was for a loss
of 36 cents per share.
    * Revenue rose 3.4% to $435.39 million from a year ago;
analysts
expected $420.91 million. 
    * Summit Materials Inc's reported EPS for the quarter was a
loss
of 26 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Summit Materials Inc shares had fallen by 3.8% this
quarter and
lost 3.5% so far this year.
    * The company reported a quarterly loss of $30.8 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 10 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 08:39 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.36          -0.26          Beat
 Dec. 31 2022      0.29           0.32           Beat
 Sep. 30 2022      0.71           0.70           Missed
 Jun. 30 2022      0.55           0.59           Beat