Summit Materials: Q1 Earnings Insights

Summit Materials SUM reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Summit Materials missed estimated earnings by 7.89%, reporting an EPS of $-0.41 versus an estimate of $-0.38.

Revenue was down $5.99 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 5.92% drop in the share price the next day.

Here's a look at Summit Materials's past performance:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.26 0.64 0.52 -0.47
EPS Actual 0.27 0.68 0.49 -0.33
Revenue Estimate 600.48M 729.59M 642.05M 355.00M
Revenue Actual 553.43M 662.26M 618.53M 398.48M

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.

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