Eagle Materials stock faces a lower Citigroup target after Q1 miss

Published on 10/04/2026 at 15:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eagle Materials stock was last at USD 171.36 on October 2 after fiscal Q1 EPS missed estimates. Revenue reached USD 650.97 million, up 2.6 percent year over year.

EXP, US26969P1084, Illustration mit AI erstellt.

Eagle Materials (ISIN US26969P1084) was last at USD 171.36 on the NYSE on October 2, 2026, down 0.99 percent from the prior close. The immediate company-specific issue is fiscal Q1 2027 EPS of USD 3.29, which missed the USD 3.37 consensus estimate, while revenue reached USD 650.97 million.

Citigroup cuts target to USD 190

According to MarketBeat on October 2, 2026, Citigroup cut its Eagle Materials price target from USD 232.00 to USD 190.00 and maintained a Neutral rating. The new target lies 10.88 percent above the October 2 price of USD 171.36, a narrower valuation cushion than the previous target implied.

The analyst action followed the company's fiscal Q1 2027 results. EPS fell from USD 3.76 in the year-earlier quarter to USD 3.29, a decline of 12.5 percent, while revenue rose 2.6 percent to USD 650.97 million, according to MarketBeat in its October 2, 2026 report.

Revenue beats while EPS misses

The revenue result exceeded the USD 620.35 million consensus estimate by USD 30.62 million, but the USD 3.29 EPS result came in USD 0.08 below expectations. That combination matters because it points to pressure on profitability even as demand supported higher sales.

Eagle Materials makes cement, concrete, aggregates, gypsum wallboard and recycled paperboard for residential, commercial and infrastructure construction in the United States. The Dallas-based company operates in the Basic Materials sector and the Construction Materials industry.

Stock sits near its yearly low

EXP's October 2 price stood 2.41 percent above its 52-week low of USD 167.32 and 30.21 percent below its 52-week high of USD 245.53. Trading volume was 379,028 shares, while market capitalization stood at USD 5.3 billion on the same date.

Investing.com lists 11 analysts at a Neutral consensus, with an average 12-month price target of USD 212.30, a high of USD 237.00 and a low of USD 190.00. The average target lies 23.89 percent above the October 2 price, giving investors a quantified measure of the gap between the market quotation and published expectations.

EXP was last at USD 171.36 on the NYSE on October 2, 2026, at 4:00 p.m. ET. Eagle Materials is scheduled to report its next earnings on October 22, 2026, according to Investing.com.