The 10-second takeaway
For the quarter ended March 31 (Q1), Vulcan Materials met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP loss per share increased. GAAP loss per share increased.
Margins shrank across the board.
Vulcan Materials logged revenue of $538.2 million. The 10 analysts polled by S&P Capital IQ foresaw revenue of $536.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.48. The 12 earnings estimates compiled by S&P Capital IQ forecast -$0.35 per share. Non-GAAP EPS were -$0.48 for Q1 against -$0.42 per share for the prior-year quarter. GAAP EPS were -$0.42 for Q1 compared to -$0.40 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 3.3%, 80 basis points worse than the prior-year quarter. Operating margin was -9.8%, 180 basis points worse than the prior-year quarter. Net margin was -10.2%, 50 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $741.8 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $2.76 billion. The average EPS estimate is $0.03.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 438 members out of 489 rating the stock outperform, and 51 members rating it underperform. Among 147 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 give Vulcan Materials a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vulcan Materials is outperform, with an average price target of $60.00.
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