Martin Marietta Increases Revenue, Expands Margins: CEO Expects 'Data Center Demand To Offset Ongoing Softness'
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Financial Performance: Martin Marietta Materials Inc reported a 1% year-over-year revenue increase to $1.632 billion for Q4, missing expectations, while gross profit remained flat at $489 million. Despite challenges in construction demand and weather, the company achieved record fourth-quarter profits and expects revenue growth in 2025.
Stock Market Reaction: Following the earnings report, MLM shares fell by 2.08% to $518.00 in premarket trading, reflecting investor concerns despite positive adjusted EBITDA and EPS results that exceeded consensus estimates.
Analyst Views on SUPP
Wall Street analysts forecast SUPP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SUPP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
