The exciting news about Summit Materials (NYSE: SUM) will be shared on Wednesday 30th October 2024. Investors and analysts are eagerly waiting to hear about the company's financial performance for the third quarter of 2024. This significant announcement will happen after market close.
According to the forecasts of financial experts on Wall Street, the enterprise is expected to reveal an anticipated $0.70 profit per share for the quarter. Additionally, the firm is poised to disclose a quarterly revenue of $1.21 billion.
The per-share income of $0.81 was highlighted in the company's earnings report for the same quarter of the prior year. This notable figure was achieved due to the company's impressive total revenue of $741.96 million recorded during that specific period.
The company's full-year performance projections, as provided by Wall Street analysts, suggest a total revenue of $4.18 billion. Further, they expect the earnings per share to achieve profit of $1.6 for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.66 | -7.0% | 1.08 B | +58.0% |
| Q1 2024 | $-0.12 | +53.8% | 773.23 M | +89.9% |
| Q4 2023 | $0.31 | -3.1% | 613.13 M | +19.8% |
| Q3 2023 | $0.81 | +15.7% | 741.96 M | +8.2% |
| Q2 2023 | $0.71 | +20.3% | 680.37 M | +7.7% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 31st October 2024 at 11:00 AM eastern time to discuss Q3 financial results.
Summit Materials (SUM) shares experienced a range of $45.05 to $46.40 on a day volume of 3.25 million shares. The stock closed Monday's regular trading session at $45.63, showing a 1.18 percent rise.
