Analysts expect Summit Materials to report an earnings per share (EPS) of $0.71.
The market awaits Summit Materials's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Earnings Track Record
Last quarter the company beat EPS by $0.01, which was followed by a 3.1% increase in the share price the next day.
Here's a look at Summit Materials's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.65
-0.23
0.26
0.75
EPS Actual
0.66
-0.12
0.31
0.81
Price Change %
3.0%
-0.0%
5.0%
-1.0%
Summit Materials Share Price Analysis
Shares of Summit Materials were trading at $45.63 as of October 28. Over the last 52-week period, shares are up 34.11%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analysts' Perspectives on Summit Materials
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Summit Materials.
With 10 analyst ratings, Summit Materials has a consensus rating of Buy. The average one-year price target is $47.5, indicating ...
