We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unveiling Vulcan (VMC) Q4 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Vulcan Materials (VMC - Free Report) to post quarterly earnings of $2.13 per share in its upcoming report, which indicates a year-over-year decline of 1.8%. Revenues are expected to be $1.94 billion, up 4.9% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Vulcan metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Net Sales- Aggregates' should come in at $1.55 billion. The estimate indicates a change of +5.2% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Concrete' will reach $197.98 million. The estimate indicates a year-over-year change of +21.1%.
The consensus among analysts is that 'Net Sales- Asphalt' will reach $317.47 million. The estimate points to a change of -2.9% from the year-ago quarter.
The average prediction of analysts places 'Average unit sales price per ton - Aggregates (freight adjusted)' at $22.09 . Compared to the present estimate, the company reported $21.41 in the same quarter last year.
Analysts forecast 'Unit shipments - Aggregates' to reach 55521 thousands of tons. Compared to the current estimate, the company reported 53900 thousands of tons in the same quarter of the previous year.
Analysts' assessment points toward 'Unit shipments - Asphalt mix' reaching 3332 thousands of tons. The estimate compares to the year-ago value of 3400 thousands of tons.
Analysts predict that the 'Unit shipments - Ready-mixed concrete' will reach 1125 thousands of cubic yards. The estimate compares to the year-ago value of 900 thousands of cubic yards.
The collective assessment of analysts points to an estimated 'Average unit sales price per ton - Asphalt mix' of $83.44 . Compared to the present estimate, the company reported $82.11 in the same quarter last year.
Analysts expect 'Average unit sales price per cubic yard - Ready-mixed concrete' to come in at $189.50 . The estimate is in contrast to the year-ago figure of $183.07 .
The consensus estimate for 'Gross profit- Aggregates' stands at $519.68 million. Compared to the present estimate, the company reported $486.50 million in the same quarter last year.
The combined assessment of analysts suggests that 'Gross Profit- Asphalt' will likely reach $44.40 million. The estimate compares to the year-ago value of $46.10 million.
Based on the collective assessment of analysts, 'Gross Profit- Concrete' should arrive at $19.92 million. Compared to the present estimate, the company reported $4.60 million in the same quarter last year.
Over the past month, Vulcan shares have recorded returns of +6.2% versus the Zacks S&P 500 composite's -0.3% change. Based on its Zacks Rank #3 (Hold), VMC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Unveiling Vulcan (VMC) Q4 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect Vulcan Materials (VMC - Free Report) to post quarterly earnings of $2.13 per share in its upcoming report, which indicates a year-over-year decline of 1.8%. Revenues are expected to be $1.94 billion, up 4.9% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Vulcan metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Net Sales- Aggregates' should come in at $1.55 billion. The estimate indicates a change of +5.2% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Concrete' will reach $197.98 million. The estimate indicates a year-over-year change of +21.1%.
The consensus among analysts is that 'Net Sales- Asphalt' will reach $317.47 million. The estimate points to a change of -2.9% from the year-ago quarter.
The average prediction of analysts places 'Average unit sales price per ton - Aggregates (freight adjusted)' at $22.09 . Compared to the present estimate, the company reported $21.41 in the same quarter last year.
Analysts forecast 'Unit shipments - Aggregates' to reach 55521 thousands of tons. Compared to the current estimate, the company reported 53900 thousands of tons in the same quarter of the previous year.
Analysts' assessment points toward 'Unit shipments - Asphalt mix' reaching 3332 thousands of tons. The estimate compares to the year-ago value of 3400 thousands of tons.
Analysts predict that the 'Unit shipments - Ready-mixed concrete' will reach 1125 thousands of cubic yards. The estimate compares to the year-ago value of 900 thousands of cubic yards.
The collective assessment of analysts points to an estimated 'Average unit sales price per ton - Asphalt mix' of $83.44 . Compared to the present estimate, the company reported $82.11 in the same quarter last year.
Analysts expect 'Average unit sales price per cubic yard - Ready-mixed concrete' to come in at $189.50 . The estimate is in contrast to the year-ago figure of $183.07 .
The consensus estimate for 'Gross profit- Aggregates' stands at $519.68 million. Compared to the present estimate, the company reported $486.50 million in the same quarter last year.
The combined assessment of analysts suggests that 'Gross Profit- Asphalt' will likely reach $44.40 million. The estimate compares to the year-ago value of $46.10 million.
Based on the collective assessment of analysts, 'Gross Profit- Concrete' should arrive at $19.92 million. Compared to the present estimate, the company reported $4.60 million in the same quarter last year.
View all Key Company Metrics for Vulcan here>>>Over the past month, Vulcan shares have recorded returns of +6.2% versus the Zacks S&P 500 composite's -0.3% change. Based on its Zacks Rank #3 (Hold), VMC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .