Summit Materials (NYSE:SUM) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Summit Materials beat estimated earnings by 27.78%, reporting an EPS of $-0.26 versus an estimate of $-0.36.
Revenue was up $14.78 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 6.84% drop in the share price the next day.
Here’s a look at Summit Materials’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.29 | 0.71 | 0.55 | -0.37 |
| EPS Actual | 0.32 | 0.70 | 0.59 | -0.40 |
| Revenue Estimate | 599.29M | 710.47M | 678.97M | 423.35M |
| Revenue Actual | 511.66M | 686.01M | 631.92M | 392.50M |
To track all earnings releases for Summit Materials visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
