In its upcoming report, Martin Marietta (MLM) is predicted by Wall Street analysts to post quarterly earnings of $4.62 per share, reflecting a decline of 14.9% compared to the same period last year. Revenues are forecasted to be $1.87 billion, representing a year-over-year increase of 3.1%.
The consensus EPS estimate for the quarter has undergone an upward revision of 2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Martin Marietta metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Total Revenues- Total Building Materials' should come in at $1.70 billion. The estimate points to a change of -1.4% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Total Revenues- Building Materials- Aggregates' of $1.49 billion. The estimate indicates a year-over-year change of +12.9%.
The consensus among analysts is that 'Total Shipments - Aggregates tons' will reach 58895 thousands of tons. Compared to the current estimate, the company reported 52700 thousands of tons in the same quarter of the previous year.
Analysts forecast 'Average unit sales price by product line - Aggregates (per ton)' to reach 23 dollars per tonne. Compared to the current estimate, the company reported 23 dollars per tonne in the same quarter of the previous year.
The consensus estimate for 'Gross profit (loss)- Building Materials- Aggregates' stands at $432.55 million. Compared to the present estimate, the company reported $430.00 million in the same quarter last year.
The average prediction of analysts places 'Gross profit (loss)- Total Building Materials' at $463.02 million. The estimate compares to the year-ago value of $517.00 million.
View all Key Company Metrics for Martin Marietta here>>>Shares of Martin Marietta have experienced a change of -1.6% in the past month compared to the +1.7% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MLM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>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
This article originally published on Zacks Investment Research (zacks.com).