Summit Materials's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Summit Materials (NYSE:SUM) is scheduled to release its quarterly earnings report on February 14, 2024, with analysts expecting an EPS of $0.27. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares are currently trading at $38.26, up 10.27% over the last 52 weeks. Investors are looking for positive guidance for the next quarter beyond the EPS figures.
February 13, 2024 | 3:01 pm
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POSITIVE IMPACT
Summit Materials is expected to report an EPS of $0.27 for the upcoming quarter, with past performance showing mixed results. Shares have risen 10.27% over the last year, indicating a positive trend.
Given the anticipation of a positive earnings report and the historical trend of stock price increases following earnings beats, there is a likelihood of a positive short-term impact on SUM's stock price. However, the mixed past performance and the importance of future guidance introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100