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

Summit Materials

02/11/2022 22:37

* Summit Materials Inc  SUM.N  reported quarterly adjusted
earnings of 71 cents​​ per share for the quarter ended in
September. The mean expectation of fifteen analysts for the
quarter was for earnings of 72 cents per share.
    * Revenue rose 5% to $752.75 million from a year ago;
analysts
expected $710.47 million. 
    * Summit Materials Inc's reported EPS for the quarter was 73
cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.4%
in the last three months.​ 
    * In the last 30 days eleven analysts negatively revised
earnings
estimates 
    * Summit Materials Inc shares had risen by 9.0% this
quarter and
lost 34.9% so far this year.
    * The company reported quarterly net income of $86.49
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," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
2 at 10:36 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.72           0.71           Missed
 Jun. 30 2022      0.56           0.60           Beat
 Mar. 31 2022      -0.38          -0.41          Missed
 Dec. 31 2021      0.26           0.27           Beat