Eagle Materials Inc reports results for the quarter ended in June - Earnings Summary

Eagle Materials

31/07/2024 24:20

* Eagle Materials Inc  EXP.N  reported quarterly adjusted
earnings
of $3.94​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$3.55.  The mean expectation of twelve analysts for the quarter
was for earnings of $3.56 per share. Wall Street expected
results to range from $3.26  to $3.89 per share.
    * Revenue rose 1.2% to $608.69 million from a year ago;
analysts
expected $624.18 million. 
    * Eagle Materials Inc's reported EPS for the quarter was
$3.94​.
    * The company reported quarterly net income of $133.84
million.
    * Eagle Materials Inc shares had risen by 14.4% this
quarter and
gained 22.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.5%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
materials peer group is also "buy"

Wall Street's median 12-month price target for Eagle Materials
Inc is $277.00 
This summary was machine generated from LSEG data July 30 at
11:19 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      3.56           3.94           Beat
 Mar. 31 2024      2.69           2.24           Missed
 Dec. 31 2023      3.56           3.72           Beat
 Sep. 30 2023      4.25           4.28           Beat