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

Summit Materials

02/11/2023 10:05

* Summit Materials Inc  SUM.N  reported quarterly adjusted
earnings of 81 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 70 cents.  The mean expectation of
seventeen analysts for the quarter was for earnings of 75 cents
per share. Wall Street expected results to range from 69 cents
to 91 cents per share.
    * Revenue rose 5.6% to $794.80 million from a year ago;
analysts
expected $779.75 million. 
    * Summit Materials Inc's reported EPS for the quarter was
$1.92​.
    * The company reported quarterly net income of $230.05
million.
    * Summit Materials Inc shares had risen by 8.9% this
quarter and
gained 19.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Summit
Materials
Inc is $43.00 

This summary was machine generated from LSEG data November 2 at
10:05 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.75           0.81           Beat
 Jun. 30 2023      0.58           0.71           Beat
 Mar. 31 2023      -0.36          -0.26          Beat
 Dec. 31 2022      0.29           0.32           Beat