Summit Materials: Q1 Earnings Insights - Summit Materials (NYSE:SUM)

Summit Materials SUM reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.

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

Summit Materials beat estimated earnings by 27.78%, reporting an EPS of $-0.26 versus an estimate of $-0.36.

Revenue was up $14.78 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 6.84% drop in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.29	0.71	0.55	-0.37
EPS Actual	0.32	0.70	0.59	-0.40
Revenue Estimate	599.29M	710.47M	678.97M	423.35M
Revenue Actual	511.66M	686.01M	631.92M	392.50M

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.