Summit Materials, Inc. (NYSE:SUM) is reporting third quarter financial results on Tuesday 27th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, SUM is expected to report 3Q20 income of $ 0.65 per share from revenue of $ 681.51 million.
For the full year, analysts anticipate top line of $ 2118.49 million, while looking forward to income of $ 0.82 per share bottom line.
Previous Quarter Performance
Summit Materials, Inc. disclosed income for the second quarter of $ 0.50 per share, from the revenue of $ 575.24 million. The quarterly earnings extended 61.29 percent while revenues shrunk 2.75 percent compared with the same quarter last year.
According to street consensus, SUM was expected to report 2Q20 income of $ 0.24 per share from revenue of $ 544.73 million. The bottom line results beat street analysts by $ 0.26 or 108.33 percent, at the same time, top line results outshined analysts by $ 30.51 million or 5.60 percent.
Stock Performance
Shares of Summit Materials, Inc. traded up $ 0.08 or 0.41 percent on Friday, reaching $ 19.79 with volume of 640.80 thousand shares. Summit Materials, Inc. has traded high as $ 20.05 and has cracked $ 19.44 on the downward trend
According to the previous trading day, closing price of $ 19.79, representing a 162.45 % increase from the 52 week low of $ 7.51 and a 21.85 % decrease over the 52 week high of $ 25.22.
The company has a market capital of $ 2.26 billion and is part of the Basic Materials sector and Building Materials industry.
Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, residential and nonresidential, and other markets. It operates in three segments: West, East, and Cement. The companys products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components.
