Martin Marietta Materials Inc reports results for the quarter ended in September 30 - Earnings Summary

Martin Marietta Materials

30/10/2024 15:13

* Martin Marietta Materials Inc  MLM.N  reported quarterly
adjusted earnings of $5.91​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of $6.94.  The mean expectation of
eighteen analysts for the quarter was for earnings of $6.28 per
share. Wall Street expected results to range from $5.83 
to $7.63 per share.
    * Revenue fell 5.3% to $1.89 billion from a year ago;
analysts
expected $1.93 billion. 
    * Martin Marietta Materials Inc's reported EPS for the
quarter was
$5.91​.
    * The company reported quarterly net income of $363 million.
    * Martin Marietta Materials Inc shares had risen by 8.5%
this
quarter and gained 17.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.8%
in the last three months.​ 
    * In the last 30 days, sixteen analysts negatively revised
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 8
"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 Martin Marietta
Materials Inc is $635.00 
This summary was machine generated from LSEG data October 30 at
03:13 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
 Sep. 30 2024      6.28           5.91           Missed
 Jun. 30 2024      5.36           4.76           Missed
 Mar. 31 2024      1.83           1.93           Beat
 Dec. 31 2023      3.99           4.63           Beat