Second Quarter Revenues on Construction Stocks on July 29: MLM, MAS, ASPN

The Zacks Construction sector has been pretty strong so far this season. The sector benefited primarily from strong housing market dynamics, strong repair and renovation (R & R) activities, and increased infrastructure and public construction spending.

Meanwhile, numerous project awards across multiple business segments such as telecommunications, transmission and electricity, as well as other infrastructure projects in the domestic and international markets, may have contributed significantly to a company’s performance. Again, increased defense spending in major economies such as the United States, increased public investment in water infrastructure and utilities, and better prospects for the healthcare market are expected to help.

Unstable timber markets, lack of adequate supply, material and labor issues, and rising shipping costs have led to higher average home prices and lower orders. Recent housing statistics have been lukewarm due to these headwinds. These headwinds may also have put pressure on a company’s rate of return and performance.

The latest earnings outlook shows that construction revenue is expected to grow 61.5% year-on-year in the second quarter, up from the 58% growth registered in the first quarter. .. Revenues are projected to grow 22.9% year-on-year, suggesting an improvement from 10.3% growth in the previous quarter.

View recent revenue releases

Some prominent construction companies like UFP Industries, Inc. UFPI, DR Horton Co., Ltd. DHI, Otis Worldwide Corporation With OTIS PulteGroup, Inc. PHM recently reported impressive second quarter 2021 figures.

UFP Industries reported impressive results for the second quarter of 2021. The results show that revenue and revenue not only outperformed the Zacks Consensus Estimate, but also improved significantly year-over-year.

DR Horton reported impressive results in the third quarter of 2021. Both the top and bottom lines outperformed the Zacks Consensus Estimate, a significant improvement over the previous year.

Otis reported strong performance in the second quarter of 2021 and revenues and revenues not only outperformed the Zacks Consensus Estimate, but also improved year-over-year. Strong intrinsic sales, higher operating margins and lower effective tax rates in both the new equipment and services segments benefited the company.

PulteGroup reported the results for the second quarter of 2021. Revenue met the Zacks Consensus Estimate, but the revenue was not the same. Nonetheless, both revenue and revenue increased year-over-year, supported by strong housing market momentum, in addition to limited inventories of new and existing homes.

A few companies in the construction industry may announce their quarterly numbers this week.

Peep into future earnings releases

Before the announcement of the second quarter financial results on July 29, let’s take a quick look at how the following construction stocks are prepared.

According to the Zacks model, a combination of positive revenue ESP and Zacks rank # 1 (strong buy), 2 (buy), or 3 (hold) increases the chances of a revenue beat. You can find the best stock to buy or sell before it is reported in the earnings ESP filter.

Martin Marietta Materials Co., Ltd. MLM will report quarterly results prior to the opening bell. Revenues and revenues (products and services) in the first quarter of 2021 were 108% and 1.8% higher than the Zacks Consensus Estimate, respectively.

Martin Marietta Materials Pricing and EPS Surprise

Martin Marietta Materials Pricing and EPS Surprise

Martin Marietta Materials Prices-eps-Surprise | Martin Marietta Materials Quotes

However, the proven model has a revenue ESP of -1.26% and a Zacks rank of 3rd, so the company’s revenue beat cannot be definitively predicted.

Second-quarter earnings of the Zacks Consensus Estimate fell from $ 3.95 per share over the past seven days to $ 3.91. Nonetheless, estimates suggest a 12% increase from $ 3.49 per share reported in the year-ago quarter. The revenue consensus mark is fixed at $ 1.29 billion, which is expected to grow by 8.8% from the previous year’s report. (Read more: Higher pricing to support Martin Marietta’s second-quarter earnings)

Masco Co., Ltd. MAS will report quarterly results prior to the opening bell. In the last reported quarter, the company’s top and bottom lines exceeded the Zack Consensus estimate by 7.8% and 34.9%, up 22% and 89.3% year-on-year, respectively.

Masco Corporation Pricing and EPS Surprise

Masco Corporation Pricing and EPS Surprise

Masco Corporation Pricing and EPS Surprise

Masco Corporation Price-eps-Surprise | Masco Corporation Quote

This time around, Masco’s revenue ESP is -2.99% and the Zacks rank is 4th (sales), so it’s unlikely that Masco will achieve a revenue beat.

Zacks’ consensus estimate of Masco’s second-quarter earnings is fixed at $ 1.04 per share, an increase of 23.8% from last year’s report. A consensus estimate of revenue was $ 2.17 billion, an increase of 23.1% over the number reported in the previous year. (Read more: Masco reports second quarter earnings: what’s on the card?)

Aspen Aerogels, Inc. ASPN will report quarterly results after Closing Bell. In the first quarter of 2021, we posted an unexpected loss of 22 cents per share. Nevertheless, revenue is 19.8% above the consensus mark. As shown in the graph below, revenue lags behind consensus estimates in the last three quarters, with an average negative surprise of 29.9%.

Aspen Aerogels, Inc.Price and EPS Surprise

Aspen Aerogels, Inc.Price and EPS Surprise

Aspen Aerogels, Inc.Price and EPS Surprise

Aspen Aerogels, Inc. Price-eps-Surprise | Aspen Aerogels, Inc.estimate

Our proven model does not definitively predict the company’s revenue beat, as it has a revenue ESP of 0.00% and a Zacks rank of 3rd.

For the reported quarter, the loss Zacks Consensus Estimate has expanded to 28 cents per share over the last 30 days. Estimates show a 33.3% deterioration from the previous year’s loss of 21 cents per share. Zacks’ earnings consensus estimate is fixed at $ 25.35 million, suggesting a 2.9% year-over-year growth.

Solid Aerogel Technology Unit, PyroThin and Thermal Barrier’s strong business development pipeline, increased investment in R & D and new businesses, low demand in refineries and petrochemical markets, lower average selling prices, and higher prices May have been offset by. Material cost.

Need the latest recommendations from Zacks Investment Research? Today you can download the 7 best stocks for the next 30 days. Click to get this free report

UFP Industries, Inc. (UFPI): Free Stock Analysis Report

Masco Corporation (MAS): Free Stock Analysis Report

PulteGroup, Inc. (PHM): Free Stock Analysis Report

DR Horton, Inc. (DHI): Free Stock Analysis Report

Martin Marietta Materials, Inc. (MLM): Free Stock Analysis Report

Aspen Aerogels, Inc. (ASPN): Free Stock Analysis Report

Otis Worldwide Corporation (OTIS): Free Equity Analysis Report

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Source link Second Quarter Revenues on Construction Stocks on July 29: MLM, MAS, ASPN

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