Vulcan (VMC) To Report Q4 Earnings: What's In The Offing?
Zacks Investment Research | Feb 10, 2019 08:20PM ET
Vulcan Materials Company (NYSE:VMC) is set to release fourth-quarter 2018 results on Feb 14, before the opening bell. In the last reported quarter, the company’s earnings and revenues surpassed the Zacks Consensus Estimate by 2.9% and 1.5%, respectively. In fact, the stock has a strong record of earnings surprises, having surpassed the Zacks Consensus Estimate in five of the trailing seven quarters.
Meanwhile, in the third quarter, the nation's largest producer of construction aggregates’ top and bottom lines grew 14.6% and 34.6%, respectively, given above-average increase in demand across the markets served by the company.
How are Estimates Faring?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release. The Zacks Consensus Estimate for the quarter to be reported is pegged at 87 cents, trending downward from 92 cents over the past 60 days. Nonetheless, this reflects a gain of 17.6% from 74 cents reported in the year-ago quarter. Revenues are expected to be $1.08 billion, up 10.2% year over year.
Vulcan Materials Company Price and EPS Surprise
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