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Here's What Key Metrics Tell Us About Martin Marietta (MLM) Q1 Earnings
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For the quarter ended March 2024, Martin Marietta (MLM - Free Report) reported revenue of $1.25 billion, down 7.6% over the same period last year. EPS came in at $1.93, compared to $2.16 in the year-ago quarter.
The reported revenue represents a surprise of -3.40% over the Zacks Consensus Estimate of $1.3 billion. With the consensus EPS estimate being $1.88, the EPS surprise was +2.66%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Martin Marietta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Shipments - Cement tons: 600 KTon versus 512.5 KTon estimated by four analysts on average.
Average unit sales price by product line - Aggregates (per ton): 22.26 $/Ton versus 21.68 $/Ton estimated by four analysts on average.
Total Shipments - Aggregates tons: 36,600 KTon versus the four-analyst average estimate of 38,362.38 KTon.
Total Shipments - Asphalt tons: 500 KTon compared to the 512.97 KTon average estimate based on three analysts.
Total Shipments - Ready mixed concrete cubic yards: 1,200 KCuYd versus 1,317.54 KCuYd estimated by three analysts on average.
Total Revenues- Building Materials- Aggregates: $885 million compared to the $927.75 million average estimate based on six analysts. The reported number represents a change of -3% year over year.
Total Revenues- Building Materials- Asphalt and paving: $59 million versus $60.80 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.
Total Revenues- Magnesia Specialties: $81 million versus $85.69 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
Total Revenues- Total Building Materials: $1.17 billion versus $1.21 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -7.9% change.
Total Revenues- Building Materials- Interproduct sales: -$39 million versus -$80.84 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -55.6% change.
Gross profit (loss)- Building Materials- Aggregates: $239 million versus the six-analyst average estimate of $219.05 million.
Gross profit (loss)- Building Materials- Asphalt and paving: -$22 million versus -$16.17 million estimated by six analysts on average.
Shares of Martin Marietta have returned -0.3% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Martin Marietta (MLM) Q1 Earnings
For the quarter ended March 2024, Martin Marietta (MLM - Free Report) reported revenue of $1.25 billion, down 7.6% over the same period last year. EPS came in at $1.93, compared to $2.16 in the year-ago quarter.
The reported revenue represents a surprise of -3.40% over the Zacks Consensus Estimate of $1.3 billion. With the consensus EPS estimate being $1.88, the EPS surprise was +2.66%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Martin Marietta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Shipments - Cement tons: 600 KTon versus 512.5 KTon estimated by four analysts on average.
- Average unit sales price by product line - Aggregates (per ton): 22.26 $/Ton versus 21.68 $/Ton estimated by four analysts on average.
- Total Shipments - Aggregates tons: 36,600 KTon versus the four-analyst average estimate of 38,362.38 KTon.
- Total Shipments - Asphalt tons: 500 KTon compared to the 512.97 KTon average estimate based on three analysts.
- Total Shipments - Ready mixed concrete cubic yards: 1,200 KCuYd versus 1,317.54 KCuYd estimated by three analysts on average.
- Total Revenues- Building Materials- Aggregates: $885 million compared to the $927.75 million average estimate based on six analysts. The reported number represents a change of -3% year over year.
- Total Revenues- Building Materials- Asphalt and paving: $59 million versus $60.80 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.
- Total Revenues- Magnesia Specialties: $81 million versus $85.69 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
- Total Revenues- Total Building Materials: $1.17 billion versus $1.21 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -7.9% change.
- Total Revenues- Building Materials- Interproduct sales: -$39 million versus -$80.84 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -55.6% change.
- Gross profit (loss)- Building Materials- Aggregates: $239 million versus the six-analyst average estimate of $219.05 million.
- Gross profit (loss)- Building Materials- Asphalt and paving: -$22 million versus -$16.17 million estimated by six analysts on average.
View all Key Company Metrics for Martin Marietta here>>>Shares of Martin Marietta have returned -0.3% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.