Vulcan Materials (VMC - Free Report) reported $2.11 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 8.1%. EPS of $2.29 for the same period compares to $1.53 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.06 billion, representing a surprise of +2.47%. The company delivered an EPS surprise of +19.90%, with the consensus EPS estimate being $1.91.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Vulcan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average unit sales price per ton - Aggregates (freight adjusted): $18.69 compared to the $18.68 average estimate based on four analysts.
- Unit shipments - Aggregates: 63400 KTon compared to the 61560.38 KTon average estimate based on four analysts.
- Unit shipments - Asphalt mix: 4000 KTon versus 3427.67 KTon estimated by three analysts on average.
- Unit shipments - Ready-mixed concrete: 2100 KCuYd versus the three-analyst average estimate of 2442.36 KCuYd.
- Average unit sales price per ton - Asphalt mix: $75.52 versus the three-analyst average estimate of $73.84.
- Average unit sales price per cubic yard - Ready-mixed concrete: $163.82 compared to the $159.23 average estimate based on three analysts.
- Net sales- Asphalt: $337.40 million versus the five-analyst average estimate of $285.68 million. The reported number represents a year-over-year change of +22.8%.
- Net sales- Aggregates: $1.58 billion versus $1.55 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.6% change.
- Net sales- Calcium: $2.40 million versus the five-analyst average estimate of $1.63 million. The reported number represents a year-over-year change of +71.4%.
- Net sales- Concrete: $343.50 million versus $382.17 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -18.7% change.
- Net sales- Aggregates intersegment sales: -$148.80 million versus -$144.12 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.
- Gross profit- Aggregates: $498.60 million versus $471.54 million estimated by five analysts on average.
View all Key Company Metrics for Vulcan here>>>Shares of Vulcan have returned +1.1% over the past month versus the Zacks S&P 500 composite's +1.5% 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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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Vulcan Materials (VMC - Free Report) reported $2.11 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 8.1%. EPS of $2.29 for the same period compares to $1.53 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.06 billion, representing a surprise of +2.47%. The company delivered an EPS surprise of +19.90%, with the consensus EPS estimate being $1.91.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Vulcan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average unit sales price per ton - Aggregates (freight adjusted): $18.69 compared to the $18.68 average estimate based on four analysts.
- Unit shipments - Aggregates: 63400 KTon compared to the 61560.38 KTon average estimate based on four analysts.
- Unit shipments - Asphalt mix: 4000 KTon versus 3427.67 KTon estimated by three analysts on average.
- Unit shipments - Ready-mixed concrete: 2100 KCuYd versus the three-analyst average estimate of 2442.36 KCuYd.
- Average unit sales price per ton - Asphalt mix: $75.52 versus the three-analyst average estimate of $73.84.
- Average unit sales price per cubic yard - Ready-mixed concrete: $163.82 compared to the $159.23 average estimate based on three analysts.
- Net sales- Asphalt: $337.40 million versus the five-analyst average estimate of $285.68 million. The reported number represents a year-over-year change of +22.8%.
- Net sales- Aggregates: $1.58 billion versus $1.55 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.6% change.
- Net sales- Calcium: $2.40 million versus the five-analyst average estimate of $1.63 million. The reported number represents a year-over-year change of +71.4%.
- Net sales- Concrete: $343.50 million versus $382.17 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -18.7% change.
- Net sales- Aggregates intersegment sales: -$148.80 million versus -$144.12 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.
- Gross profit- Aggregates: $498.60 million versus $471.54 million estimated by five analysts on average.
View all Key Company Metrics for Vulcan here>>>Shares of Vulcan have returned +1.1% over the past month versus the Zacks S&P 500 composite's +1.5% 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.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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