Does Valmont Industries (VMI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Valmont Industries, Inc. (NYSE:VMI ) Q3 2024 Earnings Call Transcript October 23, 2024 9:00 AM ET Company Participants Renee Campbell - SVP, IR and Treasurer Avner Applbaum - President and CEO Tom Liguori - EVP and CFO Conference Call Participants Chris Moore - CJS Securities Nathan Jones - Stifel Brent Thielman - D.A. Davidson Brian Drab - William Blair Jon Braatz - Oppenheimer & Company Tom Hayes - CL King & Associates Operator Greetings, and welcome to the Valmont Industries, Incorporated, Third Quarter 2024 Earnings Conference Call.
The increase in VMI's utility and telecommunications sales offset the decrease in Lighting, Transportation and solar sales in Q3.
Although the revenue and EPS for Valmont (VMI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Valmont Industries (VMI) came out with quarterly earnings of $4.11 per share, beating the Zacks Consensus Estimate of $3.96 per share. This compares to earnings of $4.12 per share a year ago.
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Valmont (VMI) is well positioned to outperform the market, as it exhibits above-average growth in financials.
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Valmont (VMI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
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