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

Valmont met analysts’ revenue expectations last quarter, reporting revenues of $1.02 billion, down 2.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA 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 $1.01 billion, improving from the 10.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.63 per share.

Analysts covering the company have generally 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 five times over the last two years.

Looking at Valmont’s peers in the building materials segment, some have already reported their Q4 results, giving us a hint as to what we can expect. AZEK delivered year-on-year revenue growth of 18.7%, beating analysts’ expectations by 7.9%, and Sherwin-Williams reported flat revenue, in line with consensus estimates. AZEK traded up 2.5% following the results while Sherwin-Williams’s stock price was unchanged.

Read our full analysis of AZEK’s results here and Sherwin-Williams’s results here.

Inflation has progressed towards the Fed’s 2% goal as of late, leading to strong stock market performance. Recent rate cuts and the 2024 Presidential election's conclusion added further sparks to the market, and while some of the building materials stocks have shown solid performance, the group has generally underperformed, with share prices down 4.6% on average over the last month. Valmont is down 6.4% during the same time and is heading into earnings with an average analyst price target of $368.75 (compared to the current share price of $320.79).

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