Eagle Materials stock surged 5.6% in pre-market trading after the company reported Q4 fiscal 2026 results that beat analyst expectations on both revenue and earnings.
Adjusted EPS came in at $1.91, beating the consensus estimate of $1.60. Quarterly revenue of $479.1 million also surpassed the $452.66 million forecast.
Full-year fiscal 2026 revenue hit a record $2.3 billion, up 2% year-over-year. The outperformance was driven by the Heavy Materials segment, which includes cement, concrete, and aggregates.
This segment saw revenue rise 11% to $390.2 million, with operating earnings up 9% to $92.7 million. Cement sales volume increased 9% to 1.9 million tons, while concrete and aggregates revenue jumped 22%.
Wells Fargo analyst Timna Tanners maintained an Overweight rating and raised the price target from $240 to $246. RBC noted that both revenue and earnings metrics beat estimates, anticipating a favorable market response.
The combination of a strong earnings beat, record revenue, and robust volume growth in cement and aggregates offset prior analyst downgrades. Management highlighted ongoing investments in operational efficiency, including modernization projects at plants in Wyoming and Oklahoma.
