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 0.2% in the last seven days. The building materials company has posted three positive earnings surprises in the past four quarters, with a positive average surprise of 10.1%.
Currently, VMC has a Zacks Rank #4 (Sell), but that could definitely change following Vulcan’s 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 beats on earnings. The Zacks Consensus Estimate for earnings called for EPS of 22 cents, and the company reported adjusted earnings of 44 cents instead.
Revenues: VMC reported revenues of $854.5 million. This also beat the consensus estimate of $798.6 million.
Key Stats to Note: Aggregates shipment increased 6% in the quarter.
Share Price Movement: Shares were up 2% in pre-market trading at the time of writing.
Vulcan Materials Company Price, Consensus and EPS Surprise
Check back later for our full write up on this VMC earnings report later!
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