Summit Materials Inc reports results for the quarter ended in September 30 - Earnings Summary
31/10/2024 02:52
* Summit Materials Inc SUM.N reported quarterly adjusted
earnings of 75 cents per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 81 cents. The mean expectation of
seventeen analysts for the quarter was for earnings of 69 cents
per share. Wall Street expected results to range from 60 cents
to 86 cents per share.
* Revenue rose 47.4% to $1.17 billion from a year ago;
analysts
expected $1.21 billion.
* Summit Materials Inc's reported EPS for the quarter was 60
cents.
* The company reported quarterly net income of $105.18
million.
* Summit Materials Inc shares had risen by 17.9% this
quarter and
gained 19.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 13.8%
in the last three months.
* In the last 30 days, fourteen analysts negatively revised
earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the construction
materials peer group is also "buy"
Wall Street's median 12-month price target for Summit Materials
Inc is 48.00
This summary was machine generated from LSEG data October 31 at
02:51 a.m. UTC. All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.69 0.75 Beat
Jun. 30 2024 0.61 0.66 Beat
Mar. 31 2024 -0.23 -0.12 Beat
Dec. 31 2023 0.26 0.31 Beat