Earnings Release and Historical Performance - Vulcan Materials Company (VMC) is scheduled to release its third-quarter 2024 results on October 30, before the market opens [1] - In the last reported quarter, the company's adjusted earnings missed the Zacks Consensus Estimate by 4.9%, while revenues missed by 1% [2] - Year-over-year, earnings increased by 2.6%, but revenues declined by 4.7% [2] - VMC's earnings have topped the consensus mark in three of the last four quarters, with an average surprise of 2.5% [2] Earnings and Revenue Estimates - The Zacks Consensus Estimate for VMC's third-quarter earnings per share has been revised downward to 2.47 over the past seven days, indicating a 5.7% year-over-year rise [3] - The consensus estimate for revenues is 1.66 billion year-over-year, despite a 5.1% decline in volumes and a 10% increase in prices [6] - The Asphalt Mix segment, which accounted for 17.4% of total revenues in the second quarter, is expected to see net sales grow by 2.5% to 189.1 million year-over-year, with volumes declining by 50.5% and prices increasing by 7.1% [8] Margin Pressures - Higher cost inflation, a shortage of skilled labor, and rising wage costs are expected to have impacted VMC's third-quarter margins [8] Earnings Model and Rank - The Zacks model does not predict an earnings beat for VMC this quarter, with an Earnings ESP of -4.60% and a Zacks Rank 3 [9] Other Companies in the Construction Sector - Louisiana-Pacific Corporation (LPX) has an Earnings ESP of +5.92% and a Zacks Rank 3, with earnings expected to decline by 45.1% [10][11] - UFP Industries, Inc. (UFPI) has an Earnings ESP of +0.37% and a Zacks Rank 3, with earnings expected to decrease by 13.8% [11] - Howmet Aerospace Inc. (HWM) has an Earnings ESP of +0.48% and a Zacks Rank 2, with earnings expected to increase by 41.3% year-over-year [12]
Is Hurricane Helene a Storm Cloud Over Vulcan's Q3 Earnings?