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Martin Marietta (MLM) Misses Q2 Earnings, Beats Revenues
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Martin Marietta Materials, Inc. (MLM - Free Report) produces and supplies construction aggregates and other heavy building materials, mainly cement, in the U.S.
Investors should also that earnings estimate moved south for MLM over the past 7 days. Also, the company missed estimates in three of the past four quarters, with an average negative surprise of 2.78%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MLM missed on earnings. The Zacks Consensus Estimate called for EPS of $2.38 per share, and the company reported earnings of $2.25 per share instead.
Martin Marietta Materials, Inc. Price and EPS Surprise
Revenues: MLM reported total revenues (including freight and delivery) of $1.06 billion surpassed the consensus estimate of $1.01 billion.
Key Stats to Note: Aggregates product line shipment increased 2% on a year over year basis.
Check back later for our full write up on this MLM earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Martin Marietta (MLM) Misses Q2 Earnings, Beats Revenues
Martin Marietta Materials, Inc. (MLM - Free Report) produces and supplies construction aggregates and other heavy building materials, mainly cement, in the U.S.
Investors should also that earnings estimate moved south for MLM over the past 7 days. Also, the company missed estimates in three of the past four quarters, with an average negative surprise of 2.78%.
Currently, MLM has a Zacks Rank #4 (Hold), but that could definitely change following Martin Marietta’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MLM missed on earnings. The Zacks Consensus Estimate called for EPS of $2.38 per share, and the company reported earnings of $2.25 per share instead.
Martin Marietta Materials, Inc. Price and EPS Surprise
Martin Marietta Materials, Inc. Price and EPS Surprise | Martin Marietta Materials, Inc. Quote
Revenues: MLM reported total revenues (including freight and delivery) of $1.06 billion surpassed the consensus estimate of $1.01 billion.
Key Stats to Note: Aggregates product line shipment increased 2% on a year over year basis.
Check back later for our full write up on this MLM earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>