Valmont Industries (VMI) Tops Q3 Earnings and Revenue Estimates

Core Insights - Valmont Industries (VMI) reported quarterly earnings of $4.11 per share, exceeding the Zacks Consensus Estimate of $3.96 per share, but slightly down from $4.12 per share a year ago, indicating a 0.24% year-over-year decline [1] - The company achieved a revenue of $1.02 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.10%, but down from $1.05 billion in the same quarter last year [1] - Valmont has consistently surpassed consensus EPS estimates over the last four quarters, achieving an earnings surprise of 3.79% in the latest report [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $3.72 on revenues of $1.02 billion, while for the current fiscal year, the estimate is $16.90 on revenues of $4.06 billion [4] - The estimate revisions trend for Valmont is currently favorable, resulting in a Zacks Rank 1 (Strong Buy), suggesting that the shares are expected to outperform the market in the near future [4] Industry Context - The Steel - Pipe and Tube industry, to which Valmont belongs, is currently ranked in the top 40% of over 250 Zacks industries, indicating a positive outlook for stocks within this sector [5] - MRC Global, another company in the same industry, is expected to report a significant year-over-year earnings decline of 43.8% in its upcoming results, with a consensus EPS estimate of $0.18 [5]