S&P 500 (NYSE:SPY) component Vulcan Materials Company (NYSE:VMC) will unveil its latest earnings on Thursday, July 26, 2012. Vulcan Materials is a producer of mainly crushed stone, sand and gravel, asphalt mix, concrete and cement.
Vulcan Materials Company Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 6 cents per share, a decline of 14.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 5 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month.
Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 2 cents, reporting a loss of 42 cents per share against a mean estimate of net loss of 44 cents. In the fourth quarter of the last fiscal year, the company exceeded forecasts by 23 cents with a loss of 14 cents versus a mean estimate of net loss of 37 cents.
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Stock Price Performance: From June 21, 2012 to July 20, 2012, the stock price rose $9.76 (28.4%), from $34.32 to $44.08. The stock price saw one of its best stretches over the last year between January 6, 2012 and January 20, 2012, when shares rose for 10 straight days, increasing 8.7% (+$3.43) over that span. It saw one of its worst periods between February 23, 2012 and March 2, 2012 when shares fell for seven straight days, dropping 6% (-$2.77) over that span.
A Look Back: In the first quarter, the company’s loss narrowed to a loss of $52.1 million (40 cents a share) from a loss of $54.7 million (42 cents) a year earlier, beating analyst expectations. Revenue rose 10% to $535.9 million from $487.2 million.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.91 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company regressed in this liquidity measure from 2.12 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 18.4% to $481.1 million while assets rose 6.4% to $918.6 million.
On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 2.4% in the third quarter of the last fiscal year and 4.8% in the fourth quarter of the last fiscal year before climbing again in the first quarter.
Wall St. Revenue Expectations: On average, analysts predict $730.2 million in revenue this quarter, a rise of 4% from the year-ago quarter. Analysts are forecasting total revenue of $2.69 billion for the year, a rise of 5.1% from last year’s revenue of $2.56 billion.
Analyst Ratings: There are mostly holds on the stock with eight of 13 analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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