Here's What Key Metrics Tell Us About Summit Materials (SUM) Q3 Earnings

Summit Materials (SUM) reported $1.11 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 49.9%. EPS of $0.75 for the same period compares to $0.81 a year ago.The reported revenue represents a surprise of -6.20% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being $0.70, the EPS surprise was +7.14%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Summit Materials performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total Volume - Aggregates: 15,368 Ton versus the three-analyst average estimate of 14,468.06 Ton. Pricing - Cement: $155.76 versus the three-analyst average estimate of $157.48. Pricing - Aggregates: $15.34 compared to the $15.40 average estimate based on three analysts. Total Volume - Cement: 2,261 Ton compared to the 2,412.05 Ton average estimate based on three analysts. Net Revenue by Line of Business- Materials- Cement: $304.95 million versus $346.94 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +164.9% change. Net Revenue by Line of Business- Materials- Aggregates: $192.31 million versus the five-analyst average estimate of $180.84 million. The reported number represents a year-over-year change of +7%. Net Revenue by Line of Business- Service: $98.20 million compared to the $102.18 million average estimate based on four analysts. The reported number represents a change of -2% year over year. Net Revenues by product- Ready-mixed concrete: $375.99 million versus the three-analyst average estimate of $401.24 million. The reported number represents a year-over-year change of +76.3%. Net Revenues by product- Asphalt: $115.54 million versus the three-analyst average estimate of $120.62 million. The reported number represents a year-over-year change of -2%. Net Revenue- Delivery and subcontract revenue: $59.29 million versus the three-analyst average estimate of $61.57 million. The reported number represents a year-over-year change of +12.2%. Net Revenue by Line of Business- Products: $516.38 million versus the three-analyst average estimate of $574.89 million. The reported number represents a year-over-year change of +48.9%. Net Revenue by Line of Business- Materials and Products: $1.01 billion versus $1.09 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +57.9% change. View all Key Company Metrics for Summit Materials here>>>Shares of Summit Materials have returned +21.7% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Summit Materials, Inc. (SUM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks