Valmont (VMI) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Valmont Industries (VMI) reported revenue of $1.05 billion, down 4.3% over the same period last year. EPS came in at $4.12, compared to $3.49 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.1 billion, representing a surprise of -4.54%. The company delivered an EPS surprise of +9.00%, with the consensus EPS estimate being $3.78.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Valmont performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Agriculture: $298.48 million compared to the $322.87 million average estimate based on three analysts.
Net Sales- Infrastructure: $755.08 million compared to the $817.81 million average estimate based on three analysts. The reported number represents a change of -3% year over year.
Net Sales- Intersegment sales: -$3.26 million compared to the -$6.29 million average estimate based on two analysts. The reported number represents a change of -60.4% year over year.
Adjusted Operating Income- Infrastructure: $108.04 million versus the three-analyst average estimate of $109.07 million.
Adjusted Operating Income- Corporate: -$25.72 million compared to the -$30.41 million average estimate based on three analysts.
Adjusted Operating Income- Agriculture: $38.51 million versus $47.01 million estimated by three analysts on average.
View all Key Company Metrics for Valmont here>>>
Shares of Valmont have returned -3.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Valmont Industries, Inc. (VMI) : Free Stock Analysis Report
