Martin Marietta Materials Q3 2024 GAAP EPS $5.91 Misses $6.32 Estimate, Sales $1.889B Miss $1.934B Estimate
Portfolio Pulse from Benzinga Newsdesk
Martin Marietta Materials reported Q3 2024 earnings per share of $5.91, missing the analyst estimate of $6.32. Sales were $1.889 billion, below the expected $1.934 billion. Both earnings and sales decreased compared to the same period last year.
October 30, 2024 | 10:57 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Martin Marietta Materials' Q3 2024 earnings and sales both missed analyst estimates, with earnings per share at $5.91 and sales at $1.889 billion. Both figures also showed a decline from the previous year.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. Additionally, the year-over-year decline in both metrics suggests potential challenges for the company, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100