Martin Marietta (MLM) To Post Q1 Earnings: What's In Store?
Zacks Investment Research | Apr 25, 2019 11:13PM ET
Martin Marietta Materials, Inc. (NYSE:MLM) is scheduled to report first-quarter 2019 results on Apr 30, before the opening bell.
In the last reported quarter, while the company’s top line surpassed the Zacks Consensus Estimate by 2.1%, the bottom line missed the same by 2.9%. Martin Marietta reported lower-than-expected earnings in two of the last four quarters, with the average negative surprise being 3.9%.
The company’s fourth-quarter 2018 earnings of $1.66 per share decreased 11.7% from the year-ago level. Nevertheless, total revenues (including Products and services as well as Freight revenues) of $1,020.2 million increased 5.1% year over year.
How are Estimates Faring?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release.
For the quarter to be reported, the Zacks Consensus Estimate for earnings has declined from 34 cents to 29 cents per share over the past 30 days. Nonetheless, this indicates an increase of 81.3% from 16 cents per share reported in the year-ago quarter. Revenues are expected to be $860.9 million, up 7.3% from the year-ago reported figure of $802 million.
Martin Marietta Materials, Inc. Price and EPS Surprise
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