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
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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.
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