Vulcan Materials (NYS: VMC) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Vulcan Materials missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP loss per share improved.
Gross margins improved, operating margins dropped, net margins contracted.
Vulcan Materials booked revenue of $694.1 million. The 12 analysts polled by S&P Capital IQ anticipated revenue of $732.3 million on the same basis. GAAP reported sales were 1.1% lower than the prior-year quarter's $702.0 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 -$0.02. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS were -$0.14 for Q2 versus -$0.06 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 15.3%, 90 basis points better than the prior-year quarter. Operating margin was 1.5%, 140 basis points worse than the prior-year quarter. Net margin was -2.6%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $791.8 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $2.68 billion. The average EPS estimate is -$0.34.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 455 members out of 503 rating the stock outperform, and 48 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Vulcan Materials a green thumbs-up, and 16 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 $44.30.
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The article Vulcan Materials Misses on Both Revenue and Earnings originally appeared on Fool.com.
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