Published on 29 Apr 2024 on Zacks via Yahoo Finance
Martin Marietta Materials, Inc. MLM is scheduled to report first-quarter 2024 results on Apr 30, before the opening bell. The Zacks Consensus Estimate for Martin Marietta’s first-quarter earnings is pegged at $1.88 per share, which moved up from $1.85 in the past seven days. The estimated figure suggests a decline of 13% from the year-ago quarter’s reported figure of $2.16. Notably, Martin Marietta’s earnings topped the consensus mark in the last four quarters, the average surprise being 41.5%.The consensus estimate for net sales is pegged at $1.30 billion, indicating a 4.4% decrease from the prior-year quarter’s figure of $1.35 billion.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 16.9%, but revenues missed the same by 2.1%. On a year-over-year basis, earnings of this aggregates producer increased 53.8%, and revenues rose 8.9%.Our proven model does not conclusively predict an earnings beat for Martin Marietta this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. Currently, MLM has an Earnings ESP of -3.13% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Martin Marietta Materials, Inc. Price and EPS Surprise
Martin Marietta Materials, Inc. Price and EPS Surprise