Quantcast

Martin Marietta (MLM) Surpasses Q4 Earnings Estimates


Shutterstock photo

Martin Marietta Materials, Inc . MLM produces and supplies construction aggregates and other heavy building materials, mainly cement, in the United States.

Investors should also that earnings estimate moved north for MLM for 2018 over the past two months. However, the company missed estimates in three of the past four quarters, with an average negative surprise of 2.01%.

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 beat on earnings. The Zacks Consensus Estimate called for EPS of $1.42 per share, and the company reported earnings of $1.88 per share instead.

Revenues : MLM's reported total revenues (including freight and delivery) of $970.5 million increased 2.3% year over year.

Key Stats to Note : Aggregates product line shipment decreased 0.9% on a year over year basis.

Check back later for our full write up on this MLM earnings report later.

Martin Marietta Materials, Inc. Price and EPS Surprise

Martin Marietta Materials, Inc. Price and EPS Surprise | Martin Marietta Materials, Inc. Quote

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Martin Marietta Materials, Inc. (MLM): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Symbols: MLM



More from Zacks.com

Subscribe






Zacks.com
Contributor:

Zacks.com

Equity Research










Research Brokers before you trade

Want to trade FX?