Valmont Industries Q2 2024 Adj EPS $4.91 Beats $4.05 Estimate, Sales $1.00B Miss $1.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Valmont Industries (NYSE:VMI) reported Q2 2024 adjusted EPS of $4.91, beating the $4.05 estimate by 21.23%. However, sales of $1.00 billion missed the $1.04 billion estimate by 3.88%, marking a 4.40% decrease from the same period last year.
July 24, 2024 | 8:22 pm
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NEUTRAL IMPACT
Valmont Industries reported better-than-expected Q2 2024 EPS but missed on sales estimates. The EPS beat by 21.23% is a positive sign, but the sales miss and YoY decline may cause mixed reactions in the market.
The significant EPS beat is a positive indicator and may boost investor confidence. However, the sales miss and YoY decline in sales could offset some of the positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100