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Valmont (VMI) Q1 Earnings: What To Expect

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Infrastructure and agriculture equipment manufacturer Valmont Industries (NYSE: VMI) will be reporting earnings this Tuesday before market hours. Here’s what to expect.

Valmont missed analysts’ revenue expectations last quarter, reporting revenues of $1.04 billion, flat year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ adjusted operating income estimates.

Is Valmont a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Valmont’s revenue to grow 3% year on year, improving from its flat revenue in the same quarter last year.

Valmont Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Valmont has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Valmont’s peers in the building products segment, only Insteel has reported results so far. It missed analysts’ revenue estimates, delivering year-on-year sales growth of 7.5%. The stock was down 28.2% on the results.

Read our full analysis of Insteel’s earnings results here.

There has been positive sentiment among investors in the building products segment, with share prices up 10.3% on average over the last month. Valmont is up 3.5% during the same time and is heading into earnings with an average analyst price target of $502.33 (compared to the current share price of $412.65).

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