Valmont Industries Inc reports results for the quarter ended in June - Earnings Summary

Valmont Industries

27/07/2023 24:21

* Valmont Industries Inc  VMI.N  reported quarterly adjusted
earnings of $4.37​​ per share for the quarter ended in June. The
mean expectation of seven analysts for the quarter was
for earnings of $4.11 per share.
    * Revenue fell 7.9% to $1.05 billion from a year ago;
analysts
expected $1.16 billion. 
    * Valmont Industries Inc's reported EPS for the quarter was
$4.21​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Valmont Industries Inc shares had fallen by 2.9% this
quarter and lost 14.5% so far this year.
    * The company reported quarterly net income of $89.38
million.
    * Wall Street's median 12-month price target for Valmont
Industries Inc is $338.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 11:21 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      4.11           4.37           Beat
 Mar. 31 2023      3.33           3.61           Beat
 Dec. 31 2022      3.57           3.57           Met
 Sep. 30 2022      3.41           3.49           Beat