Summit Materials, Inc. (SUM)
NYSE: SUM · IEX Real-Time Price · USD
39.37
-0.75 (-1.87%)
May 22, 2024, 4:00 PM EDT - Market closed

Summit Materials Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Summit Materials stock have an average target of 47.18, with a low estimate of 38 and a high estimate of 53. The average target predicts an increase of 19.84% from the current stock price of 39.37.

Analyst Consensus: Buy
Target Low Average Median High
Price $38 $47.18 $47 $53
Change -3.48% +19.84% +19.38% +34.62%

Analyst Ratings

The average analyst rating for SUM stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 544455
Buy 212222
Hold 565555
Sell 110000
Strong Sell 000000
Total 131211111212

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Stephens & Co.
Stephens & Co.
Buy
Maintains
$47$50
Buy Maintains $47$50 +27.00% May 3, 2024
RBC Capital
RBC Capital
Hold
Maintains
$44$46
Hold Maintains $44$46 +16.84% May 3, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$46$51
Strong Buy Maintains $46$51 +29.54% Apr 5, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$50$53
Strong Buy Maintains $50$53 +34.62% Apr 2, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$46$50
Strong Buy Maintains $46$50 +27.00% Mar 15, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
4.50B
from 2.62B
Increased by 71.75%
Revenue Next Year
4.80B
from 4.50B
Increased by 6.62%
EPS This Year
2.04
from 2.39
Decreased by -14.66%
EPS Next Year
2.46
from 2.04
Increased by 20.65%
Year 20192020202120222023202420252026
Revenue
2.22B2.33B2.41B2.41B2.62B4.50B4.80B4.95B
Revenue Growth
5.77%4.96%3.31%0.12%8.58%71.75%6.62%3.25%
EPS
0.511.181.262.262.392.042.462.70
EPS Growth
73.22%130.92%6.78%79.37%5.75%-14.66%20.65%9.57%
No. Analysts -----18186
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 5.0B 5.5B 5.7B
Avg 4.5B 4.8B 5.0B
Low 4.0B 4.2B 4.3B

Revenue Growth

Revenue Growth 202420252026
High
89.4%
21.2%
19.3%
Avg
71.8%
6.6%
3.3%
Low
53.4%
-6.6%
-11.2%

EPS Forecast

EPS 202420252026
High 3.03 3.24 3.10
Avg 2.04 2.46 2.70
Low 1.51 2.01 2.34

EPS Growth

EPS Growth 202420252026
High
27.0%
59.1%
25.8%
Avg
-14.7%
20.6%
9.6%
Low
-36.9%
-1.4%
-4.8%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.