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Unveiling Vulcan (VMC) Q3 Outlook: Wall Street Estimates for Key Metrics

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In its upcoming report, Vulcan Materials (VMC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.86 per share, reflecting an increase of 0.7% compared to the same period last year. Revenues are forecasted to be $2.26 billion, representing a year-over-year decrease of 1.3%.

The consensus EPS estimate for the quarter has undergone a downward revision of 5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

With that in mind, let's delve into the average projections of some Vulcan metrics that are commonly tracked and projected by analysts on Wall Street.

Analysts predict that the 'Net Sales- Concrete' will reach $104.87 million. The estimate suggests a change of -55.8% year over year.

According to the collective judgment of analysts, 'Net Sales- Asphalt' should come in at $395.04 million. The estimate indicates a year-over-year change of -5.1%.

The combined assessment of analysts suggests that 'Net Sales- Aggregates' will likely reach $1.89 billion. The estimate suggests a change of +5.3% year over year.

Analysts' assessment points toward 'Average unit sales price per ton - Aggregates (freight adjusted)' reaching $23.20 . Compared to the present estimate, the company reported $22.01 in the same quarter last year.

Analysts expect 'Average unit sales price per ton - Asphalt mix' to come in at $86.01 . The estimate compares to the year-ago value of $82.70 .

The consensus among analysts is that 'Unit Shipments - Ready-mixed concrete' will reach 515 thousands of cubic yards. The estimate is in contrast to the year-ago figure of 1200 thousands of cubic yards.

It is projected by analysts that the 'Unit Shipments - Aggregates' will reach 64387 thousands of tons. The estimate is in contrast to the year-ago figure of 64700 thousands of tons.

The consensus estimate for 'Unit Shipments - Asphalt mix' stands at 3999 thousands of tons. Compared to the current estimate, the company reported 4300 thousands of tons in the same quarter of the previous year.

The average prediction of analysts places 'Average unit sales price per cubic yard - Ready-mixed concrete' at $196.22 . Compared to the present estimate, the company reported $190.90 in the same quarter last year.

Analysts forecast 'Gross Profit- Aggregates' to reach $626.95 million. The estimate compares to the year-ago value of $612.10 million.

Based on the collective assessment of analysts, 'Gross Profit- Asphalt' should arrive at $56.00 million. Compared to the current estimate, the company reported $71.00 million in the same quarter of the previous year.

The collective assessment of analysts points to an estimated 'Gross Profit- Concrete' of $8.64 million. Compared to the current estimate, the company reported $14.10 million in the same quarter of the previous year.

View all Key Company Metrics for Vulcan here>>>

Over the past month, shares of Vulcan have returned +8.1% versus the Zacks S&P 500 composite's -0.2% change. Currently, VMC carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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