Published on 1 May 2024 on Zacks via Yahoo Finance
Is Vulcan (VMC) Stock Worth Buying Ahead of Q1 Earnings?
Vulcan Materials Company VMC is scheduled to release first-quarter 2024 results on May 2, before the opening bell. The Zacks Consensus Estimate for Vulcan’s first-quarter earnings per share (EPS) is pegged at 80 cents, which moved down from 87 cents in the past seven days. The estimated figure suggests a decline of 15.8% from the year-ago quarter’s reported figure of 95 cents. Notably, Vulcan’s earnings topped the consensus mark in the last four quarters, the average surprise being 19.5%.The consensus estimate for net sales is pegged at $1.53 billion, indicating a 7.4% decrease from the prior-year quarter’s figure of $1.65 billion.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 7.4%, and revenues beat the same by 0.5%. On a year-over-year basis, earnings of this aggregates producer increased 35.2%, and revenues rose 5.9%.Our proven model does not conclusively predict an earnings beat for Vulcan this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. Currently, VMC has an Earnings ESP of -1.53% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Vulcan Materials Company Price and EPS Surprise
