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Eagle Materials (EXP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2023, Eagle Materials (EXP - Free Report) reported revenue of $558.83 million, up 9.3% over the same period last year. EPS came in at $3.72, compared to $3.20 in the year-ago quarter.
The reported revenue represents a surprise of +4.02% over the Zacks Consensus Estimate of $537.23 million. With the consensus EPS estimate being $3.56, the EPS surprise was +4.49%.
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: $227.78 compared to the $236.11 average estimate based on two analysts.
Revenue- Heavy Materials- Concrete & Aggregates: $57.77 million versus the four-analyst average estimate of $59.31 million. The reported number represents a year-over-year change of +4.7%.
Revenue- Light Materials- Gypsum Wallboard: $200.97 million compared to the $194.98 million average estimate based on four analysts. The reported number represents a change of -5.2% year over year.
Revenue- Light Materials- Gypsum Paperboard: $25.93 million compared to the $19.01 million average estimate based on three analysts. The reported number represents a change of +11.2% year over year.
Total Revenue- Light Materials: $226.89 million versus $209.60 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.6% change.
Revenue- Heavy Materials- Cement (Wholly Owned): $274.17 million versus $260.94 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +24.1% change.
Total Revenue- Heavy Materials: $331.94 million compared to the $320.10 million average estimate based on three analysts. The reported number represents a change of +20.2% year over year.
Segment Operating Earnings- Light Materials- Recycled Paperboard: $7.52 million compared to the $6.36 million average estimate based on four analysts.
Segment Operating Earnings- Light Materials- Gypsum Wallboard: $75.06 million compared to the $79.78 million average estimate based on four analysts.
Segment Operating Earnings- Light Materials: $82.59 million compared to the $86.14 million average estimate based on four analysts.
Segment Operating Earnings- Heavy Materials- Cement: $105.57 million versus the three-analyst average estimate of $91.03 million.
Segment Operating Earnings- Heavy Materials- Concrete and Aggregates: $1.76 million versus $3.13 million estimated by three analysts on average.
Shares of Eagle Materials have returned +0.8% over the past month versus the Zacks S&P 500 composite's +2.5% 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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Eagle Materials (EXP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Eagle Materials (EXP - Free Report) reported revenue of $558.83 million, up 9.3% over the same period last year. EPS came in at $3.72, compared to $3.20 in the year-ago quarter.
The reported revenue represents a surprise of +4.02% over the Zacks Consensus Estimate of $537.23 million. With the consensus EPS estimate being $3.56, the EPS surprise was +4.49%.
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: $227.78 compared to the $236.11 average estimate based on two analysts.
- Revenue- Heavy Materials- Concrete & Aggregates: $57.77 million versus the four-analyst average estimate of $59.31 million. The reported number represents a year-over-year change of +4.7%.
- Revenue- Light Materials- Gypsum Wallboard: $200.97 million compared to the $194.98 million average estimate based on four analysts. The reported number represents a change of -5.2% year over year.
- Revenue- Light Materials- Gypsum Paperboard: $25.93 million compared to the $19.01 million average estimate based on three analysts. The reported number represents a change of +11.2% year over year.
- Total Revenue- Light Materials: $226.89 million versus $209.60 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.6% change.
- Revenue- Heavy Materials- Cement (Wholly Owned): $274.17 million versus $260.94 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +24.1% change.
- Total Revenue- Heavy Materials: $331.94 million compared to the $320.10 million average estimate based on three analysts. The reported number represents a change of +20.2% year over year.
- Segment Operating Earnings- Light Materials- Recycled Paperboard: $7.52 million compared to the $6.36 million average estimate based on four analysts.
- Segment Operating Earnings- Light Materials- Gypsum Wallboard: $75.06 million compared to the $79.78 million average estimate based on four analysts.
- Segment Operating Earnings- Light Materials: $82.59 million compared to the $86.14 million average estimate based on four analysts.
- Segment Operating Earnings- Heavy Materials- Cement: $105.57 million versus the three-analyst average estimate of $91.03 million.
- Segment Operating Earnings- Heavy Materials- Concrete and Aggregates: $1.76 million versus $3.13 million estimated by three analysts on average.
View all Key Company Metrics for Eagle Materials here>>>Shares of Eagle Materials have returned +0.8% over the past month versus the Zacks S&P 500 composite's +2.5% 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.