The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vulcan Materials missed slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share expanded.
Gross margins grew, operating margins dropped, net margins expanded.
Vulcan Materials reported revenue of $608.4 million. The 11 analysts polled by S&P Capital IQ expected to see net sales of $619.4 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 -$0.28. The 12 earnings estimates compiled by S&P Capital IQ predicted -$0.10 per share. GAAP EPS were $0.02 for Q4 versus -$0.22 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 13.0%, 90 basis points better than the prior-year quarter. Operating margin was 1.5%, 30 basis points worse than the prior-year quarter. Net margin was 0.6%, 510 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $554.3 million. On the bottom line, the average EPS estimate is -$0.35.
Next year's average estimate for revenue is $2.77 billion. The average EPS estimate is $0.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 441 members out of 492 rating the stock outperform, and 51 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 144 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 $54.57.
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