Martin Marietta Materials, Inc. (NYSE:MLM) produces and supplies construction aggregates and other heavy building materials, mainly cement, in the United States.
Investors should also that earnings estimate moved south for MLM for 2018 over the past two months. However, the company surpassed estimates in two of the past four quarters, with an average negative surprise of 7.7%.
Currently, MLM has a Zacks Rank #3 (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 25 cents per share, and the company reported earnings of 16 cents per share instead.
Revenues: MLM’s reported total revenues of $802 million decreased 5% year over year.
Key Stats to Note: Aggregates product line shipment decreased 7.9% on a year over year basis.
Martin Marietta Materials, Inc. Price and EPS Surprise
Check back later for our full write up on this MLM earnings report later.
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Martin Marietta Materials, Inc. (MLM): Free Stock Analysis Report
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