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Martin Marietta (MLM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Martin Marietta (MLM - Free Report) reported $1.76 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.1%. EPS of $5.26 for the same period compares to $5.60 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.81 billion, representing a surprise of -2.61%. The company delivered an EPS surprise of -5.57%, with the consensus EPS estimate being $5.57.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Martin Marietta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average unit sales price by product line - Aggregates (per ton)
: 21.61 $/Ton compared to the 21.79 $/Ton average estimate based on four analysts.
Total Shipments - Aggregates tons
: 53,000 KTon versus 57,722.08 KTon estimated by four analysts on average.
Total Shipments - Cement tons
: 500 KTon versus the three-analyst average estimate of 498.67 KTon.
Total Shipments - Asphalt tons
: 2,500 KTon versus 2,651.33 KTon estimated by three analysts on average.
Total Shipments - Ready mixed concrete cubic yards
: 1,200 KCuYd versus the three-analyst average estimate of 1,379.29 KCuYd.
Total Revenues- Building Materials- Asphalt and paving
: $245 million versus the six-analyst average estimate of $255.58 million. The reported number represents a year-over-year change of +1.7%.
Total Revenues- Building Materials- Aggregates
: $1.24 billion versus the six-analyst average estimate of $1.33 billion. The reported number represents a year-over-year change of +7.9%.
Total Revenues- Magnesia Specialties
: $81 million compared to the $82.58 million average estimate based on six analysts. The reported number represents a change of +0.6% year over year.
Total Revenues- Total Building Materials
: $1.68 billion versus $1.73 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.
Total Revenues- Building Materials- Interproduct sales
: -$65 million versus -$111.81 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -46.3% change.
Total Revenues- Building Materials- Cement and ready mixed concrete
: $261 million versus the five-analyst average estimate of $304.76 million.
Gross profit (loss)- Building Materials- Aggregates
: $392 million versus $453.92 million estimated by six analysts on average.
Shares of Martin Marietta have returned -1.3% over the past month versus the Zacks S&P 500 composite's -6.5% 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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Martin Marietta (MLM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Martin Marietta (MLM - Free Report) reported $1.76 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.1%. EPS of $5.26 for the same period compares to $5.60 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.81 billion, representing a surprise of -2.61%. The company delivered an EPS surprise of -5.57%, with the consensus EPS estimate being $5.57.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Martin Marietta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Martin Marietta here>>>Average unit sales price by product line - Aggregates (per ton)
: 21.61 $/Ton compared to the 21.79 $/Ton average estimate based on four analysts.Total Shipments - Aggregates tons
: 53,000 KTon versus 57,722.08 KTon estimated by four analysts on average.Total Shipments - Cement tons
: 500 KTon versus the three-analyst average estimate of 498.67 KTon.Total Shipments - Asphalt tons
: 2,500 KTon versus 2,651.33 KTon estimated by three analysts on average.Total Shipments - Ready mixed concrete cubic yards
: 1,200 KCuYd versus the three-analyst average estimate of 1,379.29 KCuYd.Total Revenues- Building Materials- Asphalt and paving
: $245 million versus the six-analyst average estimate of $255.58 million. The reported number represents a year-over-year change of +1.7%.Total Revenues- Building Materials- Aggregates
: $1.24 billion versus the six-analyst average estimate of $1.33 billion. The reported number represents a year-over-year change of +7.9%.Total Revenues- Magnesia Specialties
: $81 million compared to the $82.58 million average estimate based on six analysts. The reported number represents a change of +0.6% year over year.Total Revenues- Total Building Materials
: $1.68 billion versus $1.73 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.Total Revenues- Building Materials- Interproduct sales
: -$65 million versus -$111.81 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -46.3% change.Total Revenues- Building Materials- Cement and ready mixed concrete
: $261 million versus the five-analyst average estimate of $304.76 million.Gross profit (loss)- Building Materials- Aggregates
: $392 million versus $453.92 million estimated by six analysts on average.Shares of Martin Marietta have returned -1.3% over the past month versus the Zacks S&P 500 composite's -6.5% 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.