Earnings Outlook For Martin Marietta Materials
Portfolio Pulse from Benzinga Insights
Martin Marietta Materials (NYSE:MLM) is scheduled to release its quarterly earnings report on February 14, 2024. Analysts predict an EPS of $4.00. The company's past earnings performance shows a history of beating EPS estimates, which has generally led to positive stock price movements the following day. Shares of MLM were trading at $532.3 as of February 09, with a 52-week increase of 39.05%. Investors are advised to watch for the company's guidance for the next quarter, as it can significantly impact the stock price.
February 13, 2024 | 2:01 pm
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Martin Marietta Materials is expected to report an EPS of $4.00 for the upcoming quarter. Historical data shows positive stock movement following earnings beats. Shares have risen 39.05% over the past 52 weeks.
Given MLM's history of beating EPS estimates and the subsequent positive stock price movements, there's a strong likelihood of a positive short-term impact if the trend continues. The 39.05% year-over-year stock increase further supports investor confidence. However, the actual impact will heavily depend on whether MLM meets or exceeds the EPS estimate and the nature of its future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100