Summit Materials Q2 Adj $0.71 Beats $0.58 Estimate, Sales $680.37M Beat $676.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Summit Materials reported Q2 earnings of $0.71 per share, beating the analyst consensus estimate of $0.58 by 22.41%. This is a 20.34% increase from the same period last year. The company also reported quarterly sales of $680.37 million, beating the analyst consensus estimate of $676.81 million by 0.53%. This is a 7.67% increase from the same period last year.
August 04, 2023 | 12:15 pm
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POSITIVE IMPACT
Summit Materials' Q2 earnings and sales beat estimates, showing a YoY increase of 20.34% and 7.67% respectively.
Summit Materials reported better than expected Q2 earnings and sales, which is likely to positively impact the stock price in the short term. The YoY growth in earnings and sales also indicates a strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100