Martin Marietta Materials Inc expected to post earnings of $5.38 a share - Earnings Preview

Martin Marietta Materials

06/08/2024 19:31

* Martin Marietta Materials Inc  MLM.N   MLM  is expected
to show
a rise in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Raleigh North Carolina-based  company is expected to
report
a 1.1% increase in revenue to $1.841 billion from $1.82 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 $5.38 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Martin
Marietta
Materials Inc is $650.00​, above​ its last closing price
of $552.36. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.81        1.83       1.93      Beat    5.3
 Dec. 31 2024  4.01        3.99       4.63      Beat    16
 Jan. 1 0001   6.06        6.06       6.94      Beat    14.5​
 Jun. 30 2023  4.91        4.86       5.60      Beat    15.3
 ​​Jan.        1.00                   2.16              121.1
 1 0001                                                 
 Jan. 1 0001   3.05        3.07       3.04      Missed  -1.1​
 Jan. 1 0001   4.58        4.63       4.69      Beat    1.4
 Jun. 30 2022  3.67        3.74       3.96      Beat    5.9
 This summary was machine generated August 6 at 18:30 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)