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Based in Birmingham, AL, Vulcan Materials Company (VMC - Free Report) is engaged in the production, distribution and sale of construction aggregates and other construction materials in the U.S. and Mexico.
Investors should note that earnings estimate for VMC has moved down by 2.4% in the last seven days. The building materials company has posted one positive earnings surprise in the past four quarters, with a positive average surprise of 4.24%, owing to stellar performance in the last quarter.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: VMC missed on earnings. The Zacks Consensus Estimate for earnings called for EPS of $1.22, and the company reported adjusted earnings of 90 cents instead.
Revenues: VMC reported revenues of $1.03 million. This also missed the consensus estimate of $1.08 billion.
Key Stats to Note: Aggregates shipment decreased 2% in the quarter.
Check back later for our full write up on this VMC earnings report later!
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Vulcan Materials (VMC) Misses Q2 Earnings & Revenue Estimates
Based in Birmingham, AL, Vulcan Materials Company (VMC - Free Report) is engaged in the production, distribution and sale of construction aggregates and other construction materials in the U.S. and Mexico.
Investors should note that earnings estimate for VMC has moved down by 2.4% in the last seven days. The building materials company has posted one positive earnings surprise in the past four quarters, with a positive average surprise of 4.24%, owing to stellar performance in the last quarter.
Currently, VMC has a Zacks Rank #3 (Hold), 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 missed on earnings. The Zacks Consensus Estimate for earnings called for EPS of $1.22, and the company reported adjusted earnings of 90 cents instead.
Vulcan Materials Company Price and EPS Surprise
Vulcan Materials Company Price and EPS Surprise | Vulcan Materials Company Quote
Revenues: VMC reported revenues of $1.03 million. This also missed the consensus estimate of $1.08 billion.
Key Stats to Note: Aggregates shipment decreased 2% in the quarter.
Check back later for our full write up on this VMC earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>