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Martin Marietta (MLM) Misses Q2 Earnings, Beats Revenues

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Martin Marietta Materials, Inc. (MLM - Free Report) 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 7 days. Also, the company missed estimates in three of the past four quarters, with an average negative surprise of 2.78%.

Currently, MLM has a Zacks Rank #4 (Hold), but that could definitely change following Martin Marietta’s 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 missed on earnings. The Zacks Consensus Estimate called for EPS of $2.38 per share, and the company reported earnings of $2.25 per share instead.

Martin Marietta Materials, Inc. Price and EPS Surprise

Revenues: MLM reported total revenues (including freight and delivery) of $1.06 billion surpassed the consensus estimate of $1.01 billion.

Key Stats to Note: Aggregates product line shipment increased 2% on a year over year basis.

Check back later for our full write up on this MLM earnings report later!

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