We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Vulcan (VMC) Q1 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Vulcan Materials (VMC - Free Report) reported $1.65 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 7%. EPS of $0.95 for the same period compares to $0.73 a year ago.
The reported revenue represents a surprise of +4.31% over the Zacks Consensus Estimate of $1.58 billion. With the consensus EPS estimate being $0.64, the EPS surprise was +48.44%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Vulcan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Unit shipments - Aggregates: 51738 KTon compared to the 49579.85 KTon average estimate based on three analysts.
Average unit sales price per ton - Aggregates (freight adjusted): $18.67 versus the three-analyst average estimate of $17.47.
Net sales- Asphalt: $169.80 million versus $194.34 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.6% change.
Net sales- Aggregates: $1.29 billion versus the four-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +15.4%.
Net sales- Calcium: $2.30 million versus the four-analyst average estimate of $2.13 million. The reported number represents a year-over-year change of +21.1%.
Net sales- Concrete: $285.10 million versus $329.40 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -20.9% change.
Net sales- Aggregates intersegment sales: -$102.50 million versus -$114.47 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.8% change.
Gross profit- Aggregates: $302.80 million versus $252.20 million estimated by four analysts on average.
Gross profit- Calcium: $0.80 million versus $0.90 million estimated by four analysts on average.
Gross Profit- Asphalt: $0.80 million versus the four-analyst average estimate of -$0.77 million.
Gross Profit- Concrete: -$2.40 million versus the four-analyst average estimate of $15.12 million.
Shares of Vulcan have returned +8.9% over the past month versus the Zacks S&P 500 composite's -0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Vulcan (VMC) Q1 Earnings: A Look at Key Metrics
Vulcan Materials (VMC - Free Report) reported $1.65 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 7%. EPS of $0.95 for the same period compares to $0.73 a year ago.
The reported revenue represents a surprise of +4.31% over the Zacks Consensus Estimate of $1.58 billion. With the consensus EPS estimate being $0.64, the EPS surprise was +48.44%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Vulcan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Unit shipments - Aggregates: 51738 KTon compared to the 49579.85 KTon average estimate based on three analysts.
- Average unit sales price per ton - Aggregates (freight adjusted): $18.67 versus the three-analyst average estimate of $17.47.
- Net sales- Asphalt: $169.80 million versus $194.34 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.6% change.
- Net sales- Aggregates: $1.29 billion versus the four-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +15.4%.
- Net sales- Calcium: $2.30 million versus the four-analyst average estimate of $2.13 million. The reported number represents a year-over-year change of +21.1%.
- Net sales- Concrete: $285.10 million versus $329.40 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -20.9% change.
- Net sales- Aggregates intersegment sales: -$102.50 million versus -$114.47 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.8% change.
- Gross profit- Aggregates: $302.80 million versus $252.20 million estimated by four analysts on average.
- Gross profit- Calcium: $0.80 million versus $0.90 million estimated by four analysts on average.
- Gross Profit- Asphalt: $0.80 million versus the four-analyst average estimate of -$0.77 million.
- Gross Profit- Concrete: -$2.40 million versus the four-analyst average estimate of $15.12 million.
View all Key Company Metrics for Vulcan here>>>Shares of Vulcan have returned +8.9% over the past month versus the Zacks S&P 500 composite's -0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.