A Look at Summit Materials's Upcoming Earnings Report
Portfolio Pulse from Benzinga Insights
Summit Materials (NYSE:SUM) is set to release its quarterly earnings on October 30, 2024. Analysts expect an EPS of $0.71. The company has a history of beating estimates, which previously led to a share price increase. Currently, Summit Materials has a 'Buy' consensus rating with a 4.1% potential upside. The company shows strong revenue growth but faces challenges in profitability and debt management.
October 29, 2024 | 7:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Summit Materials is expected to report an EPS of $0.71. The company has a history of beating estimates, which previously led to a share price increase. Analysts have a 'Buy' rating with a 4.1% potential upside. Strong revenue growth is noted, but profitability and debt management remain challenges.
Summit Materials has a track record of beating earnings estimates, which has historically led to positive stock price movements. The current 'Buy' rating and potential upside suggest positive market sentiment. However, challenges in profitability and debt management could temper expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100