Based in Birmingham, AL, Vulcan Materials Company VMC 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 4% in the last seven days. The building materials company has posted two positive earnings surprises in the past four quarters, with a positive average surprise of 5.23%.
Currently, VMC has a Zacks Rank #2 (Buy), 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.
Vulcan Materials Company Price and EPS Surprise
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 72 cents, and the company reported adjusted earnings of 74 cents instead.
Revenues: VMC reported revenues of $977 million. This also beat the consensus estimate of $929 billion.
Key Stats to Note: Aggregates shipment increased 7% in the quarter.
Check back later for our full write up on this VMC earnings report later!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment