Vulcan Materials CompanyVMC is the largest producer of construction aggregates in the U.S.
The company has been witnessing strong aggregates demand onward backed by increase in private construction demand - both residential and non-residential. However, severe wet weather disrupted Vulcan Materials' shipments in the first half of 2015, particularly in the second quarter. Nevertheless, pricing momentum remains robust which has translated into expanding profit margins.
Investors should also that earnings estimate for VMC has remained mostly stable for sometime. Moreover, VMC has an impressive earnings history. The building materials company has posted three positive earnings surprise in the past four quarters, with an impressive average surprise of 7.75%.
Currently, VMC has a Zacks Rank #2 (Buy), but that could definitely change following Vulcan' earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: VMC reported in line earnings. Our consensus earnings estimate called for EPS of 95 cents /share, which is in line with the company's earnings per share. Investors should note that these figures take out stock option expenses.
Revenues: VMC reported revenues of $1.04 billion. This surpassed our consensus estimate of $1.004 billion.
Key Stats to Note: Aggregate shipment increased 10% in the quarter.
Stock Price: Inactive in pre-market trading .
Check back later for our full write up on this VMC earnings report later.
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