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Compared to Estimates, Eagle Materials (EXP) Q2 Earnings: A Look at Key Metrics
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Eagle Materials (EXP - Free Report) reported $622.24 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.8%. EPS of $4.28 for the same period compares to $3.72 a year ago.
The reported revenue represents a surprise of -1.58% over the Zacks Consensus Estimate of $632.21 million. With the consensus EPS estimate being $4.18, the EPS surprise was +2.39%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Eagle Materials performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average net sales price - Gypsum Wallboard: $233.69 compared to the $230.20 average estimate based on two analysts.
Revenue- Heavy Materials- Concrete & Aggregates: $66.10 million compared to the $77.13 million average estimate based on four analysts. The reported number represents a change of -5% year over year.
Revenue- Light Materials- Gypsum Wallboard: $209.23 million versus $199.96 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.9% change.
Revenue- Heavy Materials- Cement (Wholly Owned): $322.59 million versus $334.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.
Total Revenue- Heavy Materials: $388.70 million compared to the $411.36 million average estimate based on three analysts. The reported number represents a change of +10.6% year over year.
Revenue- Light Materials- Gypsum Paperboard: $24.31 million versus $22.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15.7% change.
Total Revenue- Light Materials: $233.54 million compared to the $219.98 million average estimate based on three analysts. The reported number represents a change of -7.9% year over year.
Segment Operating Earnings- Light Materials- Gypsum Wallboard: $85.71 million versus the four-analyst average estimate of $80.82 million.
Segment Operating Earnings- Light Materials: $93.30 million versus the three-analyst average estimate of $85.61 million.
Segment Operating Earnings- Heavy Materials- Concrete and Aggregates: $4.64 million versus $8.91 million estimated by three analysts on average.
Segment Operating Earnings- Light Materials- Gypsum Paperboard: $7.59 million versus $6.45 million estimated by three analysts on average.
Segment Operating Earnings- Heavy Materials- Cement: $111.08 million versus the three-analyst average estimate of $117.96 million.
Shares of Eagle Materials have returned -8.7% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Eagle Materials (EXP) Q2 Earnings: A Look at Key Metrics
Eagle Materials (EXP - Free Report) reported $622.24 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.8%. EPS of $4.28 for the same period compares to $3.72 a year ago.
The reported revenue represents a surprise of -1.58% over the Zacks Consensus Estimate of $632.21 million. With the consensus EPS estimate being $4.18, the EPS surprise was +2.39%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Eagle Materials performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average net sales price - Gypsum Wallboard: $233.69 compared to the $230.20 average estimate based on two analysts.
- Revenue- Heavy Materials- Concrete & Aggregates: $66.10 million compared to the $77.13 million average estimate based on four analysts. The reported number represents a change of -5% year over year.
- Revenue- Light Materials- Gypsum Wallboard: $209.23 million versus $199.96 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.9% change.
- Revenue- Heavy Materials- Cement (Wholly Owned): $322.59 million versus $334.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.
- Total Revenue- Heavy Materials: $388.70 million compared to the $411.36 million average estimate based on three analysts. The reported number represents a change of +10.6% year over year.
- Revenue- Light Materials- Gypsum Paperboard: $24.31 million versus $22.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15.7% change.
- Total Revenue- Light Materials: $233.54 million compared to the $219.98 million average estimate based on three analysts. The reported number represents a change of -7.9% year over year.
- Segment Operating Earnings- Light Materials- Gypsum Wallboard: $85.71 million versus the four-analyst average estimate of $80.82 million.
- Segment Operating Earnings- Light Materials: $93.30 million versus the three-analyst average estimate of $85.61 million.
- Segment Operating Earnings- Heavy Materials- Concrete and Aggregates: $4.64 million versus $8.91 million estimated by three analysts on average.
- Segment Operating Earnings- Light Materials- Gypsum Paperboard: $7.59 million versus $6.45 million estimated by three analysts on average.
- Segment Operating Earnings- Heavy Materials- Cement: $111.08 million versus the three-analyst average estimate of $117.96 million.
View all Key Company Metrics for Eagle Materials here>>>Shares of Eagle Materials have returned -8.7% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.