Eagle Materials gains as Q4 revenue tops estimates

Eagle Materials

18/05/2023 14:45

** Shares of Construction materials supplier Eagle Materials
 EXP.N  up 2.3% at $164.25 
    ** Stock set to hit its highest level in over a year 
    ** Posts Q4 rev of $470.1 mln above Wall Street estimates of
$455.4 mln - Refinitiv data
    ** Reports Q4 profit of $2.79/shr, higher than profit of
$1.90/shr reported last yr
    ** 8 of 12 brokerages rate the stock "buy" or higher,
4"hold"; their median PT is $158.50 - Refinitiv
    ** Up to last close, EXP up 20.9% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))