For its second fiscal quarter (ending June 30), Summit Materials Inc (NYSE: SUM) has reported a -14% decline in E.P.S. from $0.70 a year ago to $0.60 in the current quarter. Relative to the consensus estimate of $0.62, this was a shortfall of $-0.02. For the latest four quarters through June 30, E.P.S. were $2.18 versus $1.41 for the same period a year ago — an increase of 55%.
Recent Price Action
Summit Materials Inc (NYSE: SUM) stock declined by -4.9% on 8/5/24. The shares closed at $36.83. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -8.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SUM is expected to continue to be a Value Builder.
Summit Materials has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Summit Materials has a neutral Appreciation Score of 56 and a slightly negative Power Rating of 36, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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