Martin Marietta Materials Set to Release Q4 Earnings on February 11
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy MLM?
Source: seekingalpha
- Earnings Announcement: Martin Marietta Materials is set to announce its Q4 2023 earnings on February 11 before the market opens, with consensus EPS estimated at $4.99 and revenue expected to reach $1.68 billion, reflecting a 3.1% year-over-year growth.
- Performance Expectations: Over the past year, Martin Marietta has exceeded EPS estimates 100% of the time and revenue estimates 25% of the time, indicating strong profitability and market confidence in its financial performance.
- Estimate Revision Trends: In the last three months, EPS estimates have seen two upward revisions and four downward adjustments, while revenue estimates have experienced four upward and five downward revisions, highlighting market uncertainty regarding the company's future performance.
- Growth Drivers: The company's growth is primarily driven by a recovery in the residential market and margin expansion, although it faces challenges with its valuation appearing too high as it approaches 2026, suggesting potential headwinds ahead.
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Analyst Views on MLM
Wall Street analysts forecast MLM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MLM is 693.20 USD with a low forecast of 605.00 USD and a high forecast of 758.00 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.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 695.730
Low
605.00
Averages
693.20
High
758.00
Current: 695.730
Low
605.00
Averages
693.20
High
758.00
About MLM
Martin Marietta Materials, Inc. is a natural resource-based building materials company. The Company supplies aggregates (crushed stone, sand and gravel) through its network of approximately 390 quarries, mines and distribution yards in 28 states, Canada and The Bahamas. It also provides cement and downstream products, namely, ready mixed concrete, asphalt and paving services in targeted markets. It conducts its Building Materials business through two segments, organized by geography: East Group and West Group. The East Group provides aggregates and asphalt products. The West Group provides aggregates, cement, downstream products and paving services. The Company’s Magnesia Specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products. Its magnesia-based chemical products are used in industrial, agricultural and environmental applications. It also produces dolomitic lime sold to customers for steel production and soil stabilization.
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.
Martin Marietta Materials Set to Release Q4 Earnings on February 11
- Earnings Announcement: Martin Marietta Materials is set to announce its Q4 2023 earnings on February 11 before the market opens, with consensus EPS estimated at $4.99 and revenue expected to reach $1.68 billion, reflecting a 3.1% year-over-year growth.
- Performance Expectations: Over the past year, Martin Marietta has exceeded EPS estimates 100% of the time and revenue estimates 25% of the time, indicating strong profitability and market confidence in its financial performance.
- Estimate Revision Trends: In the last three months, EPS estimates have seen two upward revisions and four downward adjustments, while revenue estimates have experienced four upward and five downward revisions, highlighting market uncertainty regarding the company's future performance.
- Growth Drivers: The company's growth is primarily driven by a recovery in the residential market and margin expansion, although it faces challenges with its valuation appearing too high as it approaches 2026, suggesting potential headwinds ahead.
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- Analyst Insights: Rating changes by analysts are typically based on company financial performance, market trends, and industry outlook, and investors should pay attention to these changes to make informed investment choices.
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- New Board Member: McFarlane Lake Mining has appointed Steve Kaszas to its board, leveraging his over 40 years of experience in the financial services industry to enhance the company's governance and strategic direction, which is expected to positively impact shareholder confidence.
- Community Engagement Recognition: Kaszas received the Queen Elizabeth II Golden Jubilee Medal in 2003 for his contributions to the community, reflecting the company's commitment to social responsibility and potentially improving its public image among investors.
- Juby Gold Project Resource Estimate: As of September 29, 2025, the Juby Gold Project hosts a NI 43-101 compliant mineral resource estimate of 1.01 million ounces of gold, indicating significant economic potential that may attract further investment for development.
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Martin Marietta Materials Set to Release Q4 Earnings on February 11
- Earnings Announcement: Martin Marietta Materials is set to announce its Q4 2023 earnings on February 11 before the market opens, with consensus EPS estimated at $4.99 and revenue expected to reach $1.68 billion, reflecting a 3.1% year-over-year growth.
- Performance Expectations: Over the past year, Martin Marietta has exceeded EPS estimates 100% of the time and revenue estimates 25% of the time, indicating strong profitability and market confidence in its financial performance.
- Estimate Revision Trends: In the last three months, EPS estimates have seen two upward revisions and four downward adjustments, while revenue estimates have experienced four upward and five downward revisions, highlighting market uncertainty regarding the company's future performance.
- Growth Drivers: The company's growth is primarily driven by a recovery in the residential market and margin expansion, although it faces challenges with its valuation appearing too high as it approaches 2026, suggesting potential headwinds ahead.
See More
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- Market Performance: The Dow Jones Industrial Average rose by 2.5% and closed above 50,000 for the first time.
- Nasdaq Struggles: In contrast, the Nasdaq Composite ended the week down 1.8%, despite a strong rally on Friday.
See More
U.S. Jobs and Inflation Data Set for Release
- Job Data Expectations: The U.S. is expected to add 60,000 jobs in January, up from 50,000 in December, which could influence the Fed's monetary policy direction amidst ongoing economic uncertainty.
- Inflation Metrics Analysis: The January Consumer Price Index is projected to rise by 0.29% month-over-month and 2.5% year-over-year, showing improvement but still falling short of the Fed's 2% target, potentially affecting investor rate expectations.
- Market Reaction and Risks: Recent signs of labor market weakness, including an ADP report indicating only 22,000 new private sector jobs, may heighten expectations for further Fed rate cuts, although investors remain optimistic about economic resilience.
- Stock Market Rotation Trend: A significant rotation within the stock market is underway, with the Dow Jones Industrial Average rising over 2% this week, reflecting confidence in economic recovery, despite ongoing weakness in tech stocks.
See More
Wall Street Analysts Adjust Ratings
- Rating Changes Overview: Top Wall Street analysts have adjusted their ratings on several stocks, including upgrades, downgrades, and initiations, reflecting varying market perspectives on these companies.
- Market Reaction: While specific stock rating changes are not detailed, analysts' opinions can influence investor decisions, potentially impacting the market performance of the related stocks.
- Analyst Insights: Rating changes by analysts are typically based on company financial performance, market trends, and industry outlook, and investors should pay attention to these changes to make informed investment choices.
- Further Information: For a complete view of all analyst rating changes, including specific upgrades and downgrades, it is recommended to visit the analyst ratings page for the latest updates.
See More
McFarlane Lake Mining Appoints New Director to Enhance Juby Gold Project Development
- New Board Member: McFarlane Lake Mining has appointed Steve Kaszas as a new director, leveraging his over 40 years of experience in the financial services industry to enhance the company's governance and market competitiveness through strategic leadership and investment management expertise.
- Community Engagement Recognition: Steve Kaszas received the Queen Elizabeth II Golden Jubilee Medal in 2003 for his contributions to the community, reflecting the company's commitment to social responsibility, which may enhance its image among investors and the public.
- Juby Gold Project Resource Estimate: As of September 29, 2025, the Juby Gold Project hosts a NI 43-101 compliant mineral resource estimate of 1.01 million ounces of gold at an average grade of 0.98 g/t, indicating significant economic potential that could attract more investor interest.
- Ongoing Exploration Plans: McFarlane Lake is actively executing exploration drilling and technical studies at the Juby Gold Project to further evaluate and advance this large-scale gold system, which is expected to drive future growth and increase market share for the company.
See More
McFarlane Lake Mining Appoints New Director to Enhance Juby Gold Project Development
- New Board Member: McFarlane Lake Mining has appointed Steve Kaszas to its board, leveraging his over 40 years of experience in the financial services industry to enhance the company's governance and strategic direction, which is expected to positively impact shareholder confidence.
- Community Engagement Recognition: Kaszas received the Queen Elizabeth II Golden Jubilee Medal in 2003 for his contributions to the community, reflecting the company's commitment to social responsibility and potentially improving its public image among investors.
- Juby Gold Project Resource Estimate: As of September 29, 2025, the Juby Gold Project hosts a NI 43-101 compliant mineral resource estimate of 1.01 million ounces of gold, indicating significant economic potential that may attract further investment for development.
- Ongoing Exploration Program: McFarlane Lake is actively executing an exploration drilling program at the Juby Gold Project to further evaluate and advance this large-scale gold system, which could lay the groundwork for future growth opportunities for the company.
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