|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||18.55 - 19.07|
|52 Week Range||7.51 - 25.22|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||15.58|
|Earnings Date||Oct 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.70|
Summit Materials (SUM) delivered earnings and revenue surprises of -15.38% and -4.72%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Summit Materials (NYSE:SUM) moved lower by 1.8% in after-market trading after the company reported Q3 results.Quarterly Results Earnings per share were up 10.00% over the past year to $0.55, which missed the estimate of $0.65.Revenue of $645,246,000 declined by 3.09% year over year, which missed the estimate of $681,510,000.Outlook Earnings guidance hasn't been issued by the company for now.View more earnings on SUMRevenue guidance hasn't been issued by the company for now.Technicals Company's 52-week high was at $25.22Company's 52-week low was at $7.51Price action over last quarter: Up 6.38%Company Profile Summit Materials is a top-10 aggregates supplier and top-15 cement producer in the U.S. Founded as a roll-up strategy in 2009, the company has grown through a very active acquisition strategy. While cement and aggregates constituted about 36% of the firm's revenue in 2019, these higher-margin businesses constituted nearly 60% of gross profit. Summit's downstream businesses and services include asphalt, ready-mix concrete, and paving. While these constitute about 64% of revenue, their lower margins lead to gross profit contribution of roughly 43%.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For October 27, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Summit Materials, Inc. Reports Third Quarter 2020 Results