Vulcan Materials Co reports results for the quarter ended in June - Earnings Summary

Vulcan Materials Co

06/08/2024 20:07

* Vulcan Materials Co  VMC.N  reported quarterly adjusted
earnings
of $2.35​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$2.29.  The mean expectation of twenty analysts for the quarter
was for earnings of $2.48 per share. Wall Street expected
results to range from $2.23  to $2.80 per share.
    * Revenue fell 4.7% to $2.01 billion from a year ago;
analysts
expected $2.03 billion. 
    * Vulcan Materials Co's reported EPS for the quarter was
$2.31​.
    * The company reported quarterly net income of $308 million.
    * Vulcan Materials Co shares had risen by 3.5% this
quarter and
gained 13.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10%
in the last three months.​ 
    * In the last 30 days, twelve analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
materials peer group is also "buy"

Wall Street's median 12-month price target for Vulcan Materials
Co is $298.50 
This summary was machine generated from LSEG data August 6 at
07:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      2.48           2.35           Missed
 Mar. 31 2024      0.97           0.80           Missed
 Dec. 31 2023      1.39           1.46           Beat
 Sep. 30 2023      2.30           2.29           Missed