Summit Materials Stock In The News
| SUM Stock | USD 38.93 0.63 1.59% |
The overall news coverage of Summit Materials from major news outlets shows solid bullish sentiment on 8 news articles, blog posts, and TV commentaries analyzed in the last few months. Our overall analysis of Summit Materials' news coverage and content from conventional and social sources shows investors' bearish mood towards Summit Materials. The specific impact of Summit Materials news on its stock price will depend on a range of factors, including the nature and significance of the news report and investors' perceptions of Summit Materials' overall financial health and prospects. It also depends on the type and quality of a news publisher.
Some academic researchers believe in a strong correlation between financial news and their impacts on the movements of stock prices. Macroaxis does not take a position on this subject and only provides tools that can help investors to time the market using Summit Materials headlines in addition to utilizing other, more conventional financial analysis modules. Check out Summit Materials Backtesting and Summit Materials Hype Analysis. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.
Summit |
Summit Materials Today Top News and Investor Outlook
Summit Materials Past News Timeline
Popular news outlets such as MarketWatch, Bloomberg, or Reuters provide Summit and other traded companies coverage. We help investors stay connected with Summit headlines for the 25th of April to make an informed investment decision based on correlating the impacts of news items on Summit Stock performance. Please note that trading solely based on the Summit Materials hype is not for everyone as timely availability and quick action are needed to avoid losses.Summit Materials stock price changes are notoriously difficult to predict based exclusively on its news coverage or social hype. Still, the Summit earnings-per-share ratio is a good starting point for gauging a company's future prospects. If a firm's EPS rises and meets or even beats consensus forecasts, its shares stand to increase. However, some very sophisticated investors can spot management manipulation of EPS through actions such as buybacks.
Far too much social signal, news, headlines, and media speculation about Summit Materials that are available to investors today. That information is available publicly through Summit media outlets and privately through word of mouth or via Summit internal channels. However, regardless of the origin, that massive amount of Summit data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Summit Materials news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Summit Materials relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Summit Materials' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Summit Materials alpha.
Summit Largest EPS Surprises
Earnings surprises can significantly impact Summit Materials' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-02-15 | 2022-12-31 | 0.29 | 0.32 | 0.03 | 10 | ||
2024-02-15 | 2023-12-31 | 0.26 | 0.31 | 0.05 | 19 | ||
2017-02-22 | 2016-12-31 | 0.25 | 0.2 | -0.05 | 20 | ||
2016-05-04 | 2016-03-31 | -0.46 | -0.4 | 0.06 | 13 | ||
2019-08-01 | 2019-06-30 | 0.37 | 0.3 | -0.07 | 18 | ||
2021-02-23 | 2020-12-31 | 0.17 | 0.25 | 0.08 | 47 |
Summit Materials Stock Latest Headlines
Some academic researchers believe in a strong correlation between financial news and their impacts on the movements of stock prices. Macroaxis does not take a position on this subject and only provides tools that can help investors to time the market using conventional financial analysis. Below is the latest headlines and news related to Summit Materials Stock. The global stock market is bearish. About 60% of major world exchanges and indexes are down. See today's market update for more information.
22nd of April 2024
Is Summit Materials, Inc. Trading At A 48 percent Discount at finance.yahoo.com
18th of April 2024
Summit Materials Announces First Quarter 2024 Results Conference Call Date - Yahoo Finance at news.google.com
15th of April 2024
Arizona State Retirement System Trims Stake in Summit Materials, Inc. - Defense World at news.google.com
9th of April 2024
Will Summit Materials Beat Estimates Again in Its Next Earnings Report at zacks.com
3rd of April 2024
Summit Materials Price Target Raised to 53.00 at Truist Financial - Defense World at news.google.com
22nd of March 2024
Dfpg Investments LLC Increases Stake in Summit Materials, Inc. - Defense World at news.google.com
19th of March 2024
Zacks Industry Outlook Highlights Vulcan Materials, Eagle Materials and Summit Materials at zacks.com
14th of March 2024
Lennar Q1 Earnings Beat, Revenues Miss, Orders Up at zacks.com
13th of March 2024
Toll Brothers Lures Investors With 10 percent Dividend Hike at zacks.com
28th of February 2024
Q4 2023 Summit Materials Inc Earnings Call Transcript at gurufocus.com
15th of February 2024
Summits Stock Rises on Q4 Earnings Revenue Beat at zacks.com
29th of January 2024
Summit Materials, Inc. Investors Are Less Pessimistic Than Expected at simplywall.st
Summit Materials Investors Sentiment
The influence of Summit Materials' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Summit. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Summit Materials' public news can be used to forecast risks associated with an investment in Summit. The trend in average sentiment can be used to explain how an investor holding Summit can time the market purely based on public headlines and social activities around Summit Materials. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Summit Materials' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Summit Materials' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Summit Materials' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Summit Materials.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Summit Materials in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Summit Materials' short interest history, or implied volatility extrapolated from Summit Materials options trading.
Check out Summit Materials Backtesting and Summit Materials Hype Analysis. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Summit Stock analysis
When running Summit Materials' price analysis, check to measure Summit Materials' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.
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Is Summit Materials' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Materials. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Materials listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Earnings Share 2.39 | Revenue Per Share 22.004 | Quarterly Revenue Growth 0.195 | Return On Assets 0.0438 |
The market value of Summit Materials is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Materials' value that differs from its market value or its book value, called intrinsic value, which is Summit Materials' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Materials' market value can be influenced by many factors that don't directly affect Summit Materials' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Materials' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.