Market Overview

Earnings Preview: Valmont Industries

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Valmont Industries (NYSE: VMI) unveils its next round of earnings this Wednesday, October 21. Get prepared with Benzinga's ultimate preview for Valmont Industries's Q3 earnings.

The Definitions Of Net Income, Earnings And Earnings Per Share (EPS)

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings and Revenue

Based on management's projections, Valmont Industries analysts model for earnings of $1.72 per share on sales of $689.54 million. In the same quarter last year, Valmont Industries reported earnings per share of $2.09 on sales of $690.34 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of its revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates," and these consensus estimates can have a significant effect on a company's performance when it releases earnings. When a company posts earnings or revenue above or below the consensus estimate, it has posted an "earnings surprise."

If the company were to report earnings in line when it publishes results Wednesday, quarterly profit would be down 17.7%. Revenue would be down 0.12% from the year-ago period. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 1.44 1.39 1.86 2.30
EPS Actual 2 1.99 1.66 2.09
Revenue Estimate 653.19 M 674.66 M 706.37 M 745.36 M
Revenue Actual 688.81 M 674.20 M 683.63 M 690.34 M

Stock Performance

Over the past 52-week period, shares of Valmont Industries have declined 0.99%.

Do not be surprised to see the stock move on comments made during its conference call. Valmont Industries is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://event.webcasts.com/starthere.jsp?ei=1282731&tp_key=00f1c61566

 

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