The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Vulcan Materials missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins increased, net margins shrank.
Vulcan Materials logged revenue of $728.9 million. The 11 analysts polled by S&P Capital IQ anticipated revenue of $788.6 million on the same basis. GAAP reported sales were 4.2% lower than the prior-year quarter's $760.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.14. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.17 per share. GAAP EPS of $0.11 for Q3 were 27% lower than the prior-year quarter's $0.15 per share. (The prior-year quarter included -$0.02 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.4%, 220 basis points better than the prior-year quarter. Operating margin was 7.8%, 200 basis points better than the prior-year quarter. Net margin was 2.0%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $640.7 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $2.64 billion. The average EPS estimate is -$0.38.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 445 members out of 496 rating the stock outperform, and 51 members rating it underperform. Among 147 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give Vulcan Materials a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vulcan Materials is hold, with an average price target of $48.57.
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