Vulcan Materials Co reports results for the quarter ended in September 30 - Earnings Summary

Vulcan Materials Co

30/10/2024 15:21

* Vulcan Materials Co  VMC.N  reported quarterly adjusted
earnings
of $2.22​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of $2.29.  The mean expectation of nineteen analysts for the
quarter was for earnings of $2.32 per share. Wall Street
expected results to range from $2.16  to $2.43 per share.
    * Revenue fell 8.3% to $2.00 billion from a year ago;
analysts
expected $2.02 billion. 
    * Vulcan Materials Co's reported EPS for the quarter was
$1.56​.
    * The company reported quarterly net income of $207.6
million.
    * Vulcan Materials Co shares had risen by 3.6% this
quarter and
gained 14.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.1%
in the last three months.​ 
    * In the last 30 days, fifteen analysts negatively revised
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 7
"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 $285.00 
This summary was machine generated from LSEG data October 30 at
03:21 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
 Sep. 30 2024      2.32           2.22           Missed
 Jun. 30 2024      2.48           2.35           Missed
 Mar. 31 2024                     0.80           
 Dec. 31 2023      1.39           1.46           Beat