* Martin Marietta Materials Inc reported quarterly adjusted earnings of $5.91 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $6.94. The mean expectation of eighteen analysts for the quarter was for earnings of $6.28 per share. Wall Street expected results to range from $5.83 to $7.63 per share.
* Revenue fell 5.3% to $1.89 billion from a year ago; analysts expected $1.93 billion.
* Martin Marietta Materials Inc's reported EPS for the quarter was $5.91.
* The company reported quarterly net income of $363 million.
* Martin Marietta Materials Inc shares had risen by 8.5% this quarter and gained 17.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 21.8% in the last three months.
* In the last 30 days, sixteen analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the construction materials peer group is also "buy"
Wall Street's median 12-month price target for Martin Marietta Materials Inc is $635.00 This summary was machine generated from LSEG data October 30 at 03:13 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 6.28 5.91 Missed
Jun. 30 2024 5.36 4.76 Missed
Mar. 31 2024 1.83 1.93 Beat
Dec. 31 2023 3.99 4.63 Beat
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