Construction materials supplier Martin Marietta Materials (NYSE: MLM) will be reporting results this Thursday before the bell. Here’s what you need to know.
Martin Marietta Materials beat analysts’ revenue expectations last quarter, reporting revenues of $1.36 billion, up 17.2% year on year. It was a strong quarter for the company, with full-year revenue guidance beating analysts’ expectations and full-year EBITDA guidance slightly topping analysts’ expectations.
Is Martin Marietta Materials a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Martin Marietta Materials’s revenue to grow 14.2% year on year, a reversal from the 8.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
Looking at Martin Marietta Materials’s peers in the building materials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Sherwin-Williams delivered year-on-year revenue growth of 7.5%, beating analysts’ expectations by 3%, and Valmont reported revenues up 6.5%, topping estimates by 2.6%. Valmont traded down 7.3% following the results.
Read our full analysis of Sherwin-Williams’s results here and Valmont’s results here.
In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the building materials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Martin Marietta Materials’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $679.78 (compared to the current share price of $583.92).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
