Wall Street is expecting higher profit for Vulcan Materials when the company reports its third quarter results on Monday, November 4, 2013. The consensus estimate is calling for profit of 25 cents a share, a rise from 14 cents per share a year ago.
Despite not changing over the past month, the consensus estimate is down from three months ago when it was 26 cents. For the fiscal year, analysts are expecting a loss of three cents per share. Revenue is projected to be 6% above the year-earlier total of $728.9 million at $774.1 million for the quarter. For the year, revenue is projected to roll in at $2.68 billion.
The company’s revenue has risen for two straight quarters. In the second quarter, revenue increased 1% to $738.7 million from the year earlier quarter. In the first quarter, the figure rose less than a percent.