SUM Earning Date, Earning Analysis and Earning Prediction

Quarterly Results

SUM Earnings Forecast

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Earnings Forecast

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Currency: USD

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Earnings Surprise Analysis

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Earnings Reaction

The chart below shows how SUM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SUM sees a -2.35% change in stock price 10 days leading up to the earnings, and a 7.54% change 10 days following the report. On the earnings day itself, the stock moves by 0.03%. This data can give you a slight idea of what to expect for the next quarter's release.

For example, in SEP/2024, the stock changed 2.13% on the day following the earnings release and then changed by 4.87% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.

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Frequently Asked Questions

What were the key highlights of SUM's latest earnings report for FY2024Q3?

SUM reported its FY2024Q3 earnings on 2024-10-30, showcasing a revenue of 1.11B against an estimate of 1.17B, resulting in a -4.64% surprise. The EPS was 0.75, surpassing the expected 0.7 by 7.14%. The stock experienced a 2.13% price change on the earnings day and a 9.87% change over the next five days, reflecting market reactions to the results.

How did SUM's stock price react after the FY2024Q3 earnings release?

Following SUM's FY2024Q3 earnings announcement on 2024-10-30, the stock price moved by 2.13% on the day of the release. Over the subsequent five days, it saw a 9.87% change. Historically, SUM's stock price tends to shift by an average of -2.35% in the 10 days leading up to earnings and 7.54% in the 10 days following, providing insight into potential market.

What are the revenue and EPS estimates for SUM for 2024/Q4?

For 2024/Q4, analysts estimate SUM's annual revenue to reach 1.01B, while the EPS is projected at 0.41. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

How does SUM's stock price correlate with earnings forecast revisions?

The correlation between SUM's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

What should investors expect from SUM's next earnings report?

Based on historical trends, SUM's stock price typically moves by -2.35% in the 10 days before its earnings and 7.54% in the 10 days after. For the upcoming 2024/Q4 earnings, analysts expect an EPS of 0.41 and revenue of 1.01B.

What is the sentiment in Summit Materials, Inc. (SUM) Q3 2024 Earnings Call Summary?

The earnings call presents mixed signals. Strong financial metrics, record high EBITDA margins, and positive shareholder return plans are offset by competitive pressures and weak guidance on volumes. The Q&A reveals cautious optimism with concerns on cost inflation and market conditions. The reaffirmed guidance and synergies are positives, but the lack of clarity in management's responses and potential risks from Argos USA integration temper expectations. Without market cap data, a neutral prediction (-2% to 2%) is prudent, balancing positives and uncertainties.