Valmont (VMI) Reports Q4 Earnings: What Key Metrics Have to Say
Valmont Industries (VMI) reported $1.02 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 10.3%. EPS of $3.18 for the same period compares to $3.57 a year ago.
The reported revenue represents a surprise of -2.13% over the Zacks Consensus Estimate of $1.04 billion. With the consensus EPS estimate being $3.08, the EPS surprise was +3.25%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $269.81 million versus the three-analyst average estimate of $303.94 million. The reported number represents a year-over-year change of -19.5%.
Net Sales- Infrastructure: $745.71 million versus the three-analyst average estimate of $730.91 million. The reported number represents a year-over-year change of -3.3%.
Net Sales- Intersegment sales: -$4.41 million versus the two-analyst average estimate of -$4.73 million. The reported number represents a year-over-year change of -46%.
Adjusted Operating Income- Infrastructure: $98.74 million versus the three-analyst average estimate of $82.94 million.
Adjusted Operating Income- Corporate: -$26.30 million versus the three-analyst average estimate of -$22.57 million.
Adjusted Operating Income- Agriculture: $27.77 million compared to the $31.71 million average estimate based on three analysts.
View all Key Company Metrics for Valmont here>>>
Shares of Valmont have returned -2% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Valmont Industries, Inc. (VMI) : Free Stock Analysis Report
