Summit Materials (NYSE: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.
