Vulcan Materials (VMC) Misses on Earnings & Revenues Estimates
Vulcan Materials Company VMC is the largest producer of construction aggregates in the U.S.
Investors should also note that earnings estimate for VMC has decreased in the last 30 days. The building materials company has posted two positive earnings surprise in the past four quarters, with a positive average surprise of 86.44%.
Currently, VMC has a Zacks Rank #5 (Strong Sell), but that could definitely change following Vulcan’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: VMC misses on earnings .Our consensus earnings estimate called for EPS of $1.12 /share, and the company reported adjusted earnings of $1.01/ share instead. Investors should note that these figures take out stock option expenses.
VULCAN MATLS CO Price and EPS Surprise
VULCAN MATLS CO Price and EPS Surprise | VULCAN MATLS CO Quote
Revenues: VMC reported revenues of $1,008 million. This missed our consensus estimate of $1,109 million.
Key Stats to Note: Aggregate shipment decreased 4% in the quarter.
Check back later for our full write up on this VMC earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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
VULCAN MATLS CO (VMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
