Martin Marietta Materials
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.
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