Higher Aggregate Shipments To Aid Vulcan's (VMC) Q4 Earnings
Zacks Investment Research | Feb 12, 2020 08:50PM ET
Vulcan Materials Company (NYSE:VMC) is scheduled to release fourth-quarter 2019 results on Feb 18, before the opening bell.
In the last reported quarter, the company’s adjusted earnings of $1.68 per share missed the Zacks Consensus Estimate by 1.2% but revenues of $1,418.8 million outpaced the consensus mark by 3.7%. On a year-over-year basis, earnings and revenues improved 20% and 14.4%, respectively, given solid shipment growth and strong pricing in the aggregates business. Also, robust growth in public construction demand and continued improvement in private demand added to the positives.
Vulcan reported better-than-expected earnings in three of the last four quarters, with the average positive surprise being 13.5%.
Trend in Estimate Revision
The Zacks Consensus Estimate for earnings per share for the quarter to be reported has been downwardly revised by 2.6% over the past seven days to $1.12. Nonetheless, this indicates an increase of 13.1% from the year-ago quarter. The consensus estimate for revenues is pegged at $1.19 billion, suggesting 9.5% year-over-year growth.
Vulcan Materials Company Price and EPS Surprise
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