Earnings To Watch: Valmont (VMI) Reports Q2 Results Tomorrow

Infrastructure and agriculture equipment manufacturer Valmont Industries (NYSE:VMI) will be reporting earnings this Tuesday before the bell. Here’s what investors should know.

Valmont missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $969.3 million, flat year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates and a slight miss of analysts’ organic revenue estimates.

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

This quarter, analysts are expecting Valmont’s revenue to be flat year on year at $1.03 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $4.78 per share.

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 six times over the last two years.

Looking at Valmont’s peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Insteel delivered year-on-year revenue growth of 23.4%, beating analysts’ expectations by 2.2%, and AZZ reported revenues up 2.1%, falling short of estimates by 3.2%. Insteel traded down 5.8% following the results while AZZ was up 5.2%.

Read our full analysis of Insteel’s results here and AZZ’s results here.

There has been positive sentiment among investors in the building products segment, with share prices up 6.5% on average over the last month. Valmont is up 3.8% during the same time and is heading into earnings with an average analyst price target of $345 (compared to the current share price of $335.65).

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