Eagle Materials Third Quarter 2023 Earnings: Revenues Disappoint
Eagle Materials (NYSE:EXP) Third Quarter 2023 Results
Key Financial Results
Revenue: US$511.5m (up 11% from 3Q 2022).
Net income: US$117.2m (up 14% from 3Q 2022).
Profit margin: 23% (in line with 3Q 2022).
EPS: US$3.23 (up from US$2.56 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Eagle Materials Revenues Disappoint
Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Basic Materials industry in the US.
Performance of the American Basic Materials industry.
The company's share price is broadly unchanged from a week ago.
Before you take the next step you should know about the 1 warning sign for Eagle Materials that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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