Martin Marietta Materials Inc expected to post earnings of $1.83 a share - Earnings Preview

Martin Marietta Materials

26/04/2024 14:06

* Martin Marietta Materials Inc  MLM.N   MLM  is expected
to show
a fall in quarterly revenue when it reports  results on April 30
for the period ending March 31 2024
    * The Raleigh North Carolina-based  company is expected to
report
a 2.6% decrease in revenue to $1.318 billion from $1.35 billion
a year ago, according to the mean estimate from 15 analysts,
based on LSEG data. (Revenue is on Total Revenue)
    * ​LSEG's mean analyst estimate for Martin Marietta
Materials Inc
is for earnings of $1.83 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Martin
Marietta
Materials Inc is $635.00​, above​ its last closing price
of $597.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  4.01        3.99       4.63      Beat    16
 Sep. 30 2023  6.06        6.06       6.94      Beat    14.5
 Jun. 30 2023  4.91        4.86       5.60      Beat    15.3​
 Mar. 31 2023  1.00        0.98       2.16      Beat    121.1
 ​​Dec.        3.05        3.07       3.04      Missed  -1.1
 31 2022                                                
 Sep. 30 2022  4.58        4.63       4.69      Beat    1.4​
 Jun. 30 2022  3.67        3.74       3.96      Beat    5.9
 Mar. 31 2022  0.69        0.67       0.41      Missed  -39.2
 This summary was machine generated April 26 at 13:06 GMT.  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)