Analysts on Wall Street project that Valmont Industries (VMI) will announce quarterly earnings of $5.71 per share in its forthcoming report, representing an increase of 14.7% year over year. Revenues are projected to reach $1.12 billion, increasing 6.7% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Valmont metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Net Sales- Agriculture' reaching $225.47 million. The estimate points to a change of -5.8% from the year-ago quarter.
The average prediction of analysts places 'Total Sales- Infrastructure' at $886.55 million. The estimate suggests a change of +9.7% year over year.
The combined assessment of analysts suggests that 'Total Sales- Agriculture' will likely reach $227.21 million. The estimate indicates a change of -5.9% from the prior-year quarter.
Analysts forecast 'Net Sales- Infrastructure' to reach $899.49 million. The estimate suggests a change of +11.5% year over year.
View all Key Company Metrics for Valmont here>>>Over the past month, shares of Valmont have returned -2.1% versus the Zacks S&P 500 composite's +1.4% change. Currently, VMI carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Valmont Industries, Inc. (VMI): Free Stock Analysis Report
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