Martin Marietta Materials (NYSE: MLM ) reported earnings on April 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Martin Marietta Materials missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP loss per share expanded. GAAP loss per share dropped.
Gross margins contracted, operating margins contracted, net margins grew.
Martin Marietta Materials reported revenue of $385.0 million. The 11 analysts polled by S&P Capital IQ anticipated sales of $399.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.60. The 12 earnings estimates compiled by S&P Capital IQ predicted -$0.37 per share. Non-GAAP EPS were -$0.60 for Q1 against -$0.30 per share for the prior-year quarter. GAAP EPS were -$0.61 for Q1 against -$0.81 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 3.3%, 270 basis points worse than the prior-year quarter. Operating margin was -6.1%, 370 basis points worse than the prior-year quarter. Net margin was -7.2%, 210 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $595.4 million. On the bottom line, the average EPS estimate is $1.18.
Next year's average estimate for revenue is $2.21 billion. The average EPS estimate is $3.15.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 155 members out of 181 rating the stock outperform, and 26 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Martin Marietta Materials a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Martin Marietta Materials is outperform, with an average price target of $109.60.
Looking for alternatives to Martin Marietta Materials? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Martin Marietta Materials to My Watchlist.