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Martin Marietta (MLM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2024, Martin Marietta (MLM - Free Report) reported revenue of $1.89 billion, down 5.3% over the same period last year. EPS came in at $5.91, compared to $6.94 in the year-ago quarter.
The reported revenue represents a surprise of -1.73% over the Zacks Consensus Estimate of $1.92 billion. With the consensus EPS estimate being $6.41, the EPS surprise was -7.80%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Martin Marietta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Shipments - Aggregates tons: 53,700 KTon compared to the 55,152.18 KTon average estimate based on four analysts.
Average unit sales price by product line - Aggregates (per ton): 21.52 $/Ton versus 22.03 $/Ton estimated by four analysts on average.
Total Shipments - Asphalt tons: 3,600 KTon versus the three-analyst average estimate of 3,886.5 KTon.
Total Shipments - Cement tons: 600 KTon versus 560.67 KTon estimated by three analysts on average.
Total Shipments - Ready mixed concrete cubic yards: 1,300 KCuYd compared to the 1,229.09 KCuYd average estimate based on three analysts.
Total Revenues- Building Materials- Aggregates: $1.25 billion versus $1.29 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.
Total Revenues- Building Materials- Asphalt and paving: $343 million versus $366.53 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -4.7% change.
Total Revenues- Magnesia Specialties: $82 million versus the six-analyst average estimate of $78.15 million. The reported number represents a year-over-year change of +8.6%.
Total Revenues- Building Materials- Interproduct sales: -$82 million versus the five-analyst average estimate of -$115.98 million. The reported number represents a year-over-year change of -42.2%.
Total Revenues- Total Building Materials: $1.81 billion versus the five-analyst average estimate of $1.83 billion. The reported number represents a year-over-year change of -5.8%.
Total Revenues- Building Materials- Cement and ready mixed concrete: $296 million compared to the $314.85 million average estimate based on five analysts.
Gross profit (loss)- Building Materials- Aggregates: $438 million versus $469.64 million estimated by six analysts on average.
Shares of Martin Marietta have returned +9.1% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Martin Marietta (MLM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2024, Martin Marietta (MLM - Free Report) reported revenue of $1.89 billion, down 5.3% over the same period last year. EPS came in at $5.91, compared to $6.94 in the year-ago quarter.
The reported revenue represents a surprise of -1.73% over the Zacks Consensus Estimate of $1.92 billion. With the consensus EPS estimate being $6.41, the EPS surprise was -7.80%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Martin Marietta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Shipments - Aggregates tons: 53,700 KTon compared to the 55,152.18 KTon average estimate based on four analysts.
- Average unit sales price by product line - Aggregates (per ton): 21.52 $/Ton versus 22.03 $/Ton estimated by four analysts on average.
- Total Shipments - Asphalt tons: 3,600 KTon versus the three-analyst average estimate of 3,886.5 KTon.
- Total Shipments - Cement tons: 600 KTon versus 560.67 KTon estimated by three analysts on average.
- Total Shipments - Ready mixed concrete cubic yards: 1,300 KCuYd compared to the 1,229.09 KCuYd average estimate based on three analysts.
- Total Revenues- Building Materials- Aggregates: $1.25 billion versus $1.29 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.
- Total Revenues- Building Materials- Asphalt and paving: $343 million versus $366.53 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -4.7% change.
- Total Revenues- Magnesia Specialties: $82 million versus the six-analyst average estimate of $78.15 million. The reported number represents a year-over-year change of +8.6%.
- Total Revenues- Building Materials- Interproduct sales: -$82 million versus the five-analyst average estimate of -$115.98 million. The reported number represents a year-over-year change of -42.2%.
- Total Revenues- Total Building Materials: $1.81 billion versus the five-analyst average estimate of $1.83 billion. The reported number represents a year-over-year change of -5.8%.
- Total Revenues- Building Materials- Cement and ready mixed concrete: $296 million compared to the $314.85 million average estimate based on five analysts.
- Gross profit (loss)- Building Materials- Aggregates: $438 million versus $469.64 million estimated by six analysts on average.
View all Key Company Metrics for Martin Marietta here>>>Shares of Martin Marietta have returned +9.1% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.