Martin Marietta (MLM) Beats Q1 Earnings & Revenue Estimates
Martin Marietta Materials, Inc. MLM 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 30 days. Meanwhile, in spite of missing estimates in three of the past four quarters, the company has an average positive surprise of 25.85%, owing to a stellar beat in the first quarter of 2016.
Currently, MLM has a Zacks Rank #3 (Hold), but that could definitely change following Martin Marietta’ 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. Our consensus earnings estimate called for EPS of 66 cents per share, and the company reported earnings of 67 cents per share instead. Investors should note that these figures take out stock option expenses.
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 of $843.9 million. This surpassed our consensus estimate of $724.70 million.
Key Stats to Note: Aggregate product line shipment was flat on a year over year basis.
Check back later for our full write up on this MLM earnings report later.
Sell These Stocks. Now
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>
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.
Zacks Investment Research
