On May, 2 Summit Materials, Inc. (SUM) EPS Estimated At $-0.55

April 20, 2018 - By Andre Harris

Summit Materials, Inc. (NYSE:SUM) Corporate Logo

On May, 2. Investors wait Summit Materials, Inc. (NYSE:SUM) to announce its quarterly earnings, as reported by Faxor. Analysts forecast 12.24 % diference or $-0.55 from the $-0.49 EPS from 2017. Wall Street now predicts -219.57 % negative EPS growth despite Summit Materials, Inc. last quarter’s EPS of $0.46. SUM hit $29.37 during the last trading session after $0.22 change.Currently Summit Materials, Inc. is uptrending after 30.65% change in last April 20, 2017. SUM has also 755,376 shares volume. The stock outperformed the S&P 500 by 19.10%.

Summit Materials, Inc. (NYSE:SUM) Ratings Coverage

In total 10 analysts cover Summit Materials (NYSE:SUM). “Buy” rating has 8, “Sell” are 0, while 2 are “Hold”. 80% are bullish. With $40.0 highest and $32.0 lowest price target Summit Materials has $36.78 average price target or 25.23% above the current ($29.37) price. 11 are the (NYSE:SUM)’s analyst reports since October 24, 2017 according to StockzIntelligence Inc. On Tuesday, February 27 the firm has “Buy” rating by Goldman Sachs given. On Thursday, January 25 the rating was maintained by Citigroup with “Buy”. On Tuesday, November 14 the firm earned “Buy” rating by RBC Capital Markets. On Thursday, February 15 the firm has “Buy” rating given by RBC Capital Markets. On Tuesday, October 31 the company was maintained by Bank of America. On Tuesday, December 12 Barclays Capital initiated Summit Materials, Inc. (NYSE:SUM) with “Hold” rating. In Thursday, February 15 report Deutsche Bank maintained it with “Buy” rating and $38 target. On Thursday, February 22 the stock of Summit Materials, Inc. (NYSE:SUM) earned “Buy” rating by Stephens.

Summit Materials, Inc., together with its subsidiaries, produces and sells construction materials and related downstream products.The firm is worth $3.37 billion. The Company’s products include aggregates, cement, ready-mixed concrete, asphalt paving mixes, and concrete products.26.46 is the P/E ratio. The firm also provides paving and related services to private and public infrastructure sectors.

Summit Materials, Inc. (NYSE:SUM) Analyst Ratings Chart

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