Vulcan Materials Q2 2024 Adj. EPS $2.35 Misses $2.48 Estimate, Sales $2.014B Miss $2.030B Estimate
Portfolio Pulse from Benzinga Newsdesk
Vulcan Materials (NYSE:VMC) reported Q2 2024 earnings of $2.35 per share, missing the analyst estimate of $2.48. Sales were $2.014 billion, also below the $2.030 billion estimate. Despite the misses, EPS increased by 2.62% year-over-year, while sales decreased by 4.69%.
August 06, 2024 | 11:46 am
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Vulcan Materials reported Q2 2024 earnings of $2.35 per share, missing the analyst estimate of $2.48. Sales were $2.014 billion, also below the $2.030 billion estimate. Despite the misses, EPS increased by 2.62% year-over-year, while sales decreased by 4.69%.
The earnings and sales misses are likely to negatively impact VMC's stock price in the short term. Although EPS increased year-over-year, the market often reacts more strongly to misses against analyst expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100