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Martin Marietta Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Martin Marietta (NYSE: MLM) reported $1.76 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.1%. EPS of $5.26 for the same period compares to $5.60 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.81 billion, representing a surprise of -2.61%. The company delivered an EPS surprise of -5.57%, with the consensus EPS estimate being $5.57.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ...