Earnings Preview: How will Valmont Industries Inc. [VMI] deliver its quarterly results?

Earnings from Valmont Industries Inc. [VMI] are scheduled on April 21, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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VMI Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $2.12 per share on revenue of $756.27M. Taking a look at the future, the company is projected to report revenue of $800.26M at an earnings per share of $2.32 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 4.20% in revenue and 14.84% in earnings per share for the company.

VMI Stock Earnings Forecast For The Current Year

For the full financial year, Valmont Industries Inc. [NYSE:VMI] is forecasted to generate revenue of $3.21B. The figure is about $310.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $9.36 in 2021, which is $1.18 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 14.40% this year, 14.90% next year, and 10.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 11.00% in current fiscal year and 4.20% over following year.

VMI Stock Price Performance

At recent check today, Valmont Industries Inc. [NYSE:VMI] finished up 2.00% at $235.00. The stock’s day high price was $236.72, and its lowest was $229.30. Its price fall -1.01% in the last five days. Since the beginning of the year, Valmont Industries Inc.’s shares are up nearly 31.70%. However, the share price is -6.61% below its one year high. The top price reached by the shares of the company was $251.63 on 03/16/21, while the 52-week low came on 01/04/21, when the shares were $170.53. In the past year, shares of the company have risen 116.27%. At 50 days, the moving average achieved is $235.74 while at 200 days, the moving average is $171.65. There were 56737.0 shares traded in the last session, down from 79800.0 in the previous session.

Valmont Industries Inc. [NYSE:VMI] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 35.10, Valmont Industries Inc. [VMI] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 27.72 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.65 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.56 for the industry, which means VMI offers an unattractive investment opportunity than its competitors do.

VMI Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 235.51 level, and the violation of this level will cause a further drop to 227.55 level. At the upper end, 242.39 remains a key resistance. As the stock increases, it may find resistance at 239.56. In the 14-day chart, the Relative Strength Index standing at 49.68 suggests a technical neutral stance while the MACD standing at -1.81 indicates price will decrease in the next trading period. Stochastic %K at 29.49% suggests holding the stock while Percent R indicator at 61.85% suggests low price movement.

How much is the short interest in Valmont Industries Inc.?

There have been a drop in short interest in the Valmont Industries Inc. Financial stock, with short interest down by 30420.0 shares to 0.4 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.37 million shares. This 7.65% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 1.76% of the overall float in the stock, while the stock’s days to cover moved to 2.53.

How do analysts view Valmont Industries Inc.?

In regard to the share price forecast for Valmont Industries Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $215.00 in the next twelve months, representing almost an -9.3% growth from its recent price of $235.00. Among Valmont Industries Inc. stock projections, $266.00 is the highest analyst target for the stock, while $170.00 is the lowest. Despite this, 6 analysts who share their consensus rating for VMI in 2021 agree that the stock is an Overweight. The latest rating change took place on 2/22/21, when Kansas City Capital Ratings downgraded the stock from “Outperform” to “Perform.”

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