Valmont Industries VMI reported its Q1 earnings results on Thursday, April 20, 2023 at 04:16 PM.
Here's what investors need to know about the announcement.
Earnings
Valmont Industries beat estimated earnings by 8.41%, reporting an EPS of $3.61 versus an estimate of $3.33.
Revenue was up $81.18 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 6.43% drop in the share price the next day.
Here's a look at Valmont Industries's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 3.57 | 3.41 | 3.3 | 2.44 |
| EPS Actual | 3.57 | 3.49 | 3.7 | 3.07 |
| Revenue Estimate | 1.06B | 1.04B | 998.79M | 888.13M |
| Revenue Actual | 1.13B | 1.10B | 1.14B | 980.82M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Valmont Industries management provided guidance for FY 2023, expecting earnings between $15.45 and $16.0 per share.
To track all earnings releases for Valmont Industries visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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