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 0.5% in the last seven days for 2018. The building materials company has posted three positive earnings surprises in the past four quarters, with a positive average surprise of 21.51%.
Currently, VMC has a Zacks Rank #3 (Hold), 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 missed on earnings. The Zacks Consensus Estimate for earnings called for $1.37 per share, and the company reported adjusted earnings of $1.23 instead.
Revenues: VMC reported revenues of $1,200.2 million. This surpassed the consensus estimate of $1,155 million.
Key Stats to Note: Aggregates shipment increased 15% in the quarter.
Share Price Movement: Shares were down 1.1% in pre-market trading at the time of writing.
Check back later for our full write up on this VMC earnings report later!
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