Summit Materials Q3 2024 Adj EPS $0.75 Beats $0.70 Estimate, Sales $1.11B Miss $1.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
Summit Materials reported Q3 2024 earnings per share of $0.75, beating the estimate of $0.70, but sales of $1.11 billion missed the $1.21 billion estimate. EPS decreased by 7.41% from last year, while sales increased by 49.60%.
October 30, 2024 | 8:23 pm
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NEUTRAL IMPACT
Summit Materials' Q3 2024 EPS of $0.75 beat expectations, but sales of $1.11 billion fell short. Despite a YoY EPS decline, sales saw a significant increase.
The earnings per share beat expectations, which is positive, but the sales miss could offset this. The YoY EPS decline and significant sales increase add complexity to the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100