Vulcan Materials will report its second-quarter earnings this Wednesday before market open. The construction materials company posted revenues of $1.76 billion last quarter, a 7.4% year-on-year increase that beat analyst expectations. For the upcoming report, the market anticipates revenue growth of just 1.2% year on year, a slowdown from the 4.4% growth recorded in the same quarter last year. Analysts have largely maintained their estimates over the past 30 days, though Vulcan Materials has missed Wall Street revenue estimates multiple times over the last two years. The company's stock is down 6.4% over the past month, heading into earnings with an average analyst price target of $325.77 compared to a current share price of $284.52.
Vulcan Materials CompanyRevenue growth expected to slow to 1.2% from 4.4% a year ago, and stock has missed estimates multiple times.