Valmont Industries, Inc. Common (NYSE:VMI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Valmont Industries, Inc. Common Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 47.45% to $2.89 in the quarter versus EPS of $1.96 in the year-earlier quarter.
Revenue: Rose 14.25% to $819.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Valmont Industries, Inc. Common reported adjusted EPS income of $2.89 per share. By that measure, the company beat the mean analyst estimate of $2.52. It missed the average revenue estimate of $822.23 million.
Quoting Management: “Our outlook for the Utility Support Structures Segment is improving for the year,” said Mogens C. Bay, Valmont’s Chairman and Chief Executive Officer. “As is always the case, Utility Support Structures operating margins may vary from quarter to quarter, depending on sales mix and the timing of shipments.”
Key Stats (on next page)…
Revenue increased 0.56% from $815.04 million in the previous quarter. EPS increased 18.93% from $2.43 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $2.55 to a profit $2.79. For the current year, the average estimate has moved up from a profit of $9.57 to a profit of $10.44 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)